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FirstEnergy Execs Face Corruption Trial in Bribery Scheme
Insurance Journal· 2026-03-20 16:15
Jurors in Akron began deliberating this week in the corruption trial of two fired FirstEnergy Corp. executives charged for their alleged roles in a sweeping $60 million bribery scheme that resulted in a lucrative bailout of two affiliated nuclear plants.Former CEO Chuck Jones and ex-senior vice president Michael Dowling face chargesof corruption, bribery, conspiracy and aggravated theft for paying $4.3 million to a future top utility regulator in Ohio who helped draft the bailout legislation known as House ...
X @Bloomberg
Bloomberg· 2026-03-19 14:52
Billionaire Vincent Bolloré was ordered to face trial in December over allegations including bribery to win a port contract in Togo a decade and a half ago https://t.co/iM8zjX2jV6 ...
X @Bloomberg
Bloomberg· 2026-03-12 05:25
Hong Kong arrested eight people, alleging that a hedge fund bribed brokers for insider information on share placements https://t.co/A6atXDDPLb ...
X @Nick Szabo
Nick Szabo· 2026-03-03 07:12
RT Firas Modad (@firasmodad)The Israelis did not drag America into war with Iran by threatening to use nuclear weapons or by saying they'll attack Iran first.Independent decision makers could respond to either threat with "good luck", "go away", or "I dare you".The only reason such threats have to be taken seriously by American decision makers is because of blackmail and bribery networks.Ellison, Adelson, and Lauder provide the bribes - sorry, campaign contributions. Epstein and Greenblatt provide the black ...
X @Nick Szabo
Nick Szabo· 2026-03-02 15:35
RT Furkan Gözükara (@FurkanGozukara)Bribery is the worst disease a country can have https://t.co/remLlrTVve ...
Glencore sold more oil, earned less from energy sales for a third straight year
Reuters· 2026-02-18 15:54
Core Insights - Glencore traded more oil in 2025 but reported a decline in earnings from its energy trading business for the third consecutive year, attributed to well-supplied markets, geopolitical uncertainty, and softer market sentiment [1][1][1] Group 1: Trading Performance - Glencore's trading volumes increased to 4.2 million barrels per day, an 11% rise from the previous year, marking the highest level since 2020, although still below the 5.6 million bpd traded in 2017 [1][1][1] - The company experienced a significant rebound in the second half of 2025, following a weak first half where EBIT from energy marketing was only $40 million [1][1][1] Group 2: Financial Results - Earnings before interest and taxes from energy and steelmaking coal trading fell by 32% year-on-year to $614 million in 2025, a stark decline from a record high of $5.2 billion in 2022 [1][1][1] - Glencore announced a return of $2 billion to shareholders despite the drop in earnings [1][1][1] Group 3: Regulatory Developments - The U.S. Department of Justice ended its monitorship of Glencore's trading activities in March 2025, a year earlier than planned, following the company's agreement to pay fines related to bribery and market manipulation [1][1][1] - The monitorship had imposed a financial burden on Glencore, costing the company $85 million in 2024 alone [1][1][1]
X @Nick Szabo
Nick Szabo· 2026-01-31 02:04
RT Mike Lee (@SenMikeLee)The CFO of the U.S. African Development Foundation just pled guilty to corruption and bribery charges.So why is Congress about to shovel more money into USADF? https://t.co/1A6ZJI4Gck ...
X @BBC News (World)
BBC News (World)· 2026-01-29 19:42
Ex-Nigerian oil minister did not take bribes from industry insiders, court told https://t.co/I57huD9XBZ ...
X @BBC News (World)
BBC News (World)· 2026-01-28 06:54
South Korea's ex-first lady jailed 20 months for bribery https://t.co/WnE528FQ3d ...
X @BBC News (World)
BBC News (World)· 2026-01-27 18:39
Ex-Nigeria oil minister stands trial in UK on bribery charges https://t.co/RTCYJ760pV ...