The Sustainability Funding Alliance of Ohio, which was headed by the late Sam Randazzo, admitted to various charges related to bribery, theft, and corruption.
AKRON, Ohio — A shell company charged for its role in the Ohio House Bill 6 scandal has agreed to plead guilty, Summit County Prosecutor Elliot Kolkovich announced Tuesday.
The Sustainability Funding Alliance of Ohio, originally established by the late Sam Randazzo, admitted to 11 criminal counts as part of its deal with the state. The company will also be forced to pay more than $2 million in penalties, including the forfeiture of $1.42 million to the Ohio Organized Crime Investigation Commission.
SFA-Ohio played a key part in Ohio’s multi-million-dollar bailout of two nuclear power plants that, at the time, were owned by a subsidiary of Akron-based FirstEnergy Corp. In particular, prosecutors say FirstEnergy used SFA-Ohio to funnel a $4.3 million bribeto Randazzo, who then used his power as chairman of the Public Utilities Commission …