A former Republican speaker of Ohio’s House of Representatives was convicted by a federal jury Thursday on racketeering conspiracy charges in connection with a $60 million bribery scheme.
Former Speaker Larry Householder and former Ohio Republican Party Chair Mathew Borges, who was also convicted Thursday, could face up to 20 years in prison for orchestrating the scheme to accept bribes in exchange for ensuring the passage of a billion-dollar bailout for a nuclear energy company.
“As presented by the trial team, Larry Householder illegally sold the statehouse, and thus he ultimately betrayed the great people of Ohio he was elected to serve,” said US Attorney Kenneth Parker.
Steven Bradley, an attorney for Householder, expressed disappointment with the verdict.
“We will take some time to discuss and evaluate our legal options moving forward and will most certainly pursue an appeal,” he said. “Larry is looking forward to going home and spending time with his family after what has been an exhausting seven week trial.”
CNN reached out to an attorney for Borges for comment.
The release did not explicitly identify the nuclear energy company involved in the scheme but noted that utility company FirstEnergy Corp. previously agreed to pay a $230 million penalty for “conspiring to bribe public officials and others” as part of a deferred prosecution settlement.
Jennifer Young, a manager for external communications at FirstEnergy Corp., told CNN that “while it would be inappropriate to comment on the verdict, FirstEnergy has taken decisive actions over the past several years to strengthen our leadership team and ensure a culture of strong ethics, integrity and accountability across the company.”
Jeffrey Longstreth, Householder’s longtime campaign and political strategist, and Juan Cespedes, a lobbyist,…
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