October 20, 2021

Nuclear scammer slapped with $200,000 fine

A federal judge had reservations today about a deal in a $10 billion nuclear scam.
Judge Mary Geiger Lewis reluctantly accepted the deal but slapped former SCANA CEO Kevin Marsh with another $200,000 fine.
That was on top of 2 years in federal prison and $5 million he agreed to pay for his role in a nuclear fraud conspiracy.
He will not be eligible for early release as there is no parole in federal prisons.
Marsh, 66, owned up to his guilt in the nuclear debacle that cost 725,000 SC Electric & Gas ratepayers more than $2 billion after SC Public Service  Commissioners gave SCANA-owned SCE&G up to 10 rate increases.
The conspiracy involved other SCANA and Westinghouse Electric executives. It also cost SCANA investors – many of them Marsh’s SCE&G employees – millions of dollars when its stock plunged from over $70 a share to under $45 a share.
“Marsh’s statement was very brief,” said Savannah River Watch Director Tom Clements, a close…

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