Ruling may aid defrauded SCANA investors

Ratepayers may get none of their over-charged billions

Posted 6/24/20

By Jerry Bellune

JerryBellune@yahoo.com

A US Supreme Court ruling may help investors recover millions from a nuclear fraud.

The court ruled this week that the Securities …

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Ruling may aid defrauded SCANA investors

Ratepayers may get none of their over-charged billions

Posted
By Jerry Bellune
JerryBellune@yahoo.com
A US Supreme Court ruling may help investors recover millions from a nuclear fraud.
The court ruled this week that the Securities & Exchange Commission can obtain court orders to recoup ill-gotten gains from those who violate federal securities laws
SCANA investors lost millions of dollars in a failed nuclear reactor project abandoned by the Lexington County-based holding company's executives.
Federal officials say SCANA executive Steve Byrne and possibly other SCANA executives lied about the nuclear project's failures.
This allowed them to dupe investors and the Public Service Commission and charge ratepayers almost ...
For the rest of the story, see Thursday's Lexington County Chronicle.
Supreme Court, fraud, SCANA, investors, ratepayers, Steve Byrne

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