Tax Break Scandal Leads to $5 Million Fine for N.J. Energy Company
Holtec International, a business tied to George Norcross III, has agreed to pay a $5 million penalty after a criminal investigation into tax breaks the company was awarded.
The fine allows Holtec officials to defer criminal charges linked to a fraudulent 2018 application for tax credits.
New Jersey's attorney general emphasized that the state will hold businesses accountable for lying for financial gain. [ more ]
Tottenham Hotspur billionaire Joe Lewis admits to giving lover, pilots illegal stock tips they used to make millions
Joe Lewis pleads guilty to giving illegal stock tips to his girlfriend and pilots in a plea deal that includes a $50 million penalty for his company.
Lewis faces a potential prison sentence of 1.5 to 2 years and his company, Broad Bay Ltd, will pay a $50 million penalty for securities fraud. [ more ]
PG&E penalized $45 million in Dixie fire settlement with CPUC
PG&E will be penalized $45 million for its involvement in the Dixie fire, one of the largest wildfires in California history.
The penalty includes funding for an initiative to transition some of PG&E's records to electronic, improving inspections and preventive maintenance. [ more ]