CHICAGO (CBS) — Following months of speculation about a wide-ranging investigation, federal prosecutors have charged ComEd with a years-long bribery scheme involving the company’s arrangement for jobs, contracts, and payments to allies and associates of Illinois House Speaker Michael Madigan.
ComEd will pay a $200 million fine as part of a deferred prosecution agreement to end the federal probe, admitting it sought to influence “Public Official A” — identified as the Speaker of the Illinois House of Representatives without using Madigan’s name — by arranging for his allies and people who performed political work for him to obtain jobs, contracts and payments from ComEd between 2011 and 2019.
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