|
Former Commonwealth Edison CEO Anne Pramaggiore was convicted in
May 2023 of bribery-related charges as part of a multi-year
scheme to corruptly influence longtime former Illinois House
Speaker Michael Madigan in exchange for favorable legislation in
Springfield. Prosecutors said that the utility paid out $1.3
million in jobs, contracts and payments to associates of Madigan
over eight years.
Pramaggiore has not yet been sentenced in that case and is
appealing the criminal conviction. She's also fighting a civil
case filed last year by the U.S. Securities and Exchange
Commission. The SEC wants to bar her from serving as an officer
or director of a public company, among other civil penalties.
The
SEC's complaint against Pramaggiore alleges she participated in,
and in some instances directed, the bribery scheme. The
complaint alleges that Pramaggiore did not disclose the bribery
scheme and instead misled investors when she characterized
ComEd's lobbying activities as legitimate. The complaint also
alleges that, as part of the scheme, Pramaggiore lied to
Exelon's auditors and filed false certifications.
Pramaggiore's defense team has asked for a stay in the SEC case,
citing in part her "strong likelihood of success" in overturning
her conviction. Pramaggiore also recently got a reprieve from
her sentencing in the federal criminal case while the U.S.
Supreme Court takes up a case focused on the federal bribery
statute she was convicted of violating.
|
|
