Company Executives Wanting to Build Idaho Nuclear Plant Indicted
BOISE, Idaho (AP) — A federal grand jury has indicted two former executives of a company that hoped to build a nuclear power plant in southwestern Idaho.
Seventy-one-year-old Donald Gillispie and 40-year-old Jennifer Ransom were indicted Thursday on 14 counts of conspiracy, securities fraud, wire fraud, filing false tax returns and making false statements to federal agents. The two, from Meridian, were executives of the Eagle-based Alternate Energy Holdings.
Prosecutors say the pair conspired to manipulate and inflate the price of their company's stock in an effort to attract investors and gain cash financing for the company, and that they didn't properly report income to the IRS.