Former SCANA CEO pleads guilty to federal and state fraud charges
The former CEO of SCANA Corporation pleaded guilty to conspiracy to commit mail and wire fraud Wednesday. Kevin Marsh entered the plea in federal court in Columbia.
A former utility executive who lied to ratepayers and regulators costing billions of dollars after he found out a pair of nuclear reactors being built in South Carolina were hopelessly behind schedule will soon be heading to prison for two years.
Former SCANA CEO Kevin Marsh is asking a state judge to approve the sentence his lawyers negotiated with prosecutors so he can head in December to a federal prison in Butner, North Carolina, which includes a large hospital — rather than a state facility.
A utility executive who repeatedly lied to keep investors pumping money into South Carolina’s $9 billion nuclear reactor debacle will spend two years in prison for fraud, a federal judge decided on Thursday.
The executive who oversaw a $9 billion plan to build two nuclear reactors in South Carolina is getting ready to go to prison, more than four years after he announced the mammoth project had failed without ever generating a watt of power.
An executive who spent billions of dollars on two South Carolina nuclear plants that never generated a watt of power, lying and deceiving regulators about their progress, is ready to go to prison.
Investors who lost fortunes in the failure of a multi billion-dollar nuclear reactor construction deal in South Carolina will soon begin to see their portions of a $192 million settlement, under a recently approved distribution. Last week, a federal judge signed off on a plan to disperse the funds among former shareholders in SCANA Corp.
The former CEO of SCANA Corporation pleaded guilty to conspiracy to commit mail and wire fraud Wednesday. Kevin Marsh entered the plea in federal court in Columbia.
The former CEO of SCANA is scheduled to plead guilty Wednesday to conspiracy to commit mail and wire fraud. The U.S. Attorney’s Office says Kevin Marsh will enter the pleas Wednesday morning in federal court in Columbia.
According to U.S. Attorney Peter M. McCoy Jr., former SCANA Corporation CEO Kevin Marsh is scheduled to plead guilty in federal court to charges of conspiracy to commit mail fraud and wire fraud.
A statement released by the office of South Carolina Attorney General Alan Wilson says that the state hearing for former SCANA Corporation CEO Kevin Marsh has been postponed.