Wednesday, October 8, 2008

Agri-Ethanol Products Company Founders Indicted for Bribery, Extortion

The founders of Agri-Ethanol Products, Jim Perry and Dave Brady, have been indicted by a grand jury on a number charges.

Charges include conspiring to commit extortion and bribery, aiding and abetting extortion, and aiding and abetting bribery. Both men have also been charged with perjury in relationship to the case.

Evidently the two wanted to speed up the process of attaining permits from the N.C. Department of Environment and Natural Resources, and so allegedly offered a DENR employee $196,000 in exchange for moving things through quicker.

Boyce Allen Hudson, the DENR worker pleaded guilty in early 2008 to extortion and money laundering. He is currently serving a 40 month prison sentence.

The failed Agri-Ethanol Products company had original plans to build up to 20 ethanol plants along the East coast.

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