Former Westar Energy executives found guilty of fraud

[JURIST] Former Westar Energy [corporate website] CEO David Wittig and former Chief Strategy Officer Douglas Lake were both found guilty Monday of fraudulently taking millions of dollars from the company, the largest electric utility in Kansas. Witting was found guilty of 39 counts and Lake 30 counts on charges that included conspiracy, wire fraud and money laundering. Each wire fraud charge is punishable by up to 20 years in prison and a fine of up to $1 million. On Tuesday, the court will hear testimony on whether or not the government can recover money from the executives. This is the second trial for this case, with the first ending last year in a mistrial [Kansas City Business Journal report] after jurors could not reach a consensus on over half the charges. AP has more.

 

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