Not exact matches
The lenders want the stake to be sold for top dollar but fear it will be sold for less than that to McClendon's
wife, Kathleen, because she is family, said a lawyer representing a syndicate of banks led
by Wilmington Trust that loaned $ 465 million to a
company McClendon founded in 2013, American
Energy Partners LP (AEP).
The jury in the Joe Percoco federal corruption trial resumes its work today, after appearing to focus much of its attention last Friday on the low - show job given to Percoco's
wife, Lisa,
by a Maryland - based
energy company, Competitive Power Ventures, which is behind a controversial new power plant in Orange County.
Percoco, Aiello and Gerardi and are on trial in U.S. District Court in Manhattan along with
energy company executive Peter Galbraith Kelly, who is alleged to have bribed Percoco
by securing what prosecutors have termed a «low - show» corporate education job for his
wife, a former schoolteacher.
Lawyers for Peter G. Kelly Jr., former senior vice president of a Syracuse
energy company, sought a separate trial for him on the charges that he bribed Percoco
by having the
energy company hire Percoco's
wife, a teacher, for an educational consulting job, and
by providing Percoco with a fishing trip and a meal.
Kelly, a former
energy company executive, is accused of providing Percoco with $ 287,000
by giving a low - show job to Percoco's
wife.
«At the same time that the
Energy Company was paying Percoco's
wife and the union president's daughter tens of thousands of dollars per year for low - show jobs, Kelly repeatedly sought Percoco's assistance in advocating on the
Energy Company's behalf to various State officials, and the union president advocated directly to Percoco regarding the union's support for the
Energy Company's proposed New York power plant and submitted a letter from his union, addressed to Governor Cuomo, setting forth the union's support for the plant,» the letter submitted
by prosecutors states.
Percoco was among a slew of defendants named in an 80 - page complaint unsealed
by U.S. Attorney Preet Bharara today, outlining schemes to take favorable state actions for an
energy company that in exchange employed Percoco's
wife (when discussing her salary, Percoco and lobbyist Todd Howe colorfully used the codeword «ziti,» a kind of macaroni, for money — something he lifted from The Sopranos) and to rig bids considered
by SUNY Polytechnic University for funding through Cuomo's economic development program, the Buffalo Billion.