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Government & Politics

Court Freezes Assets of Former Utility Regulator Connected to FirstEnergy Scandal

a photo of Sam Randazzo
Statehouse News Bureau
Sam Randazzo, former PUCO Chair, on "The State of Ohio"

A Franklin County court has frozen some of the assets of the former head of Ohio’s utility regulator. Sam Randazzo has not been charged but Akron-based FirstEnergy admits to bribing him as part of a nuclear power plant bailout scandal that rocked the Ohio Statehouse.

Randazzo is accused, in a civil suit, of receiving a $4.3 million dollar bribe from FirstEnergy as part of the House Bill 6 scandal. Attorney General Dave Yost says Randazzo appeared to have been shifting assets around. So Yost says he went to court to keep Randazzo from selling or transferring personal property before the civil case is decided.

“It looks like some of the assets that were liquidated – the money came into an account and may have already been transferred elsewhere," Yost says.

Yost Randazzo assets list.jpg
Ohio attorney general's office
In a news release, attorney general Dave Yost lists these assets liquidated by former PUCO chair Sam Randazzo. A Franklin County court has frozen some of his remaining assets.

Yost says Randazzo has transferred his home to his son and sold four other properties worth $4.8 million.

Randazzo has not been criminally charged but FirstEnergy admitted to paying the bribe before House Bill 6 passed.

Federal charges were filed last year against former House Speaker Larry Householder (R-Glenford), the former head of the Ohio Republican Party, Matt Borges, and three others.

Copyright 2021 The Statehouse News Bureau. To see more, visit The Statehouse News Bureau.