Feds Cast Net For Ill. Speaker With $200M ComEd Bribery Deal

Law360 (July 20, 2020, 9:21 PM EDT) -- Federal prosecutors' $200 million bribery settlement with Commonwealth Edison Co. clearly identifies powerful Illinois House Speaker Michael Madigan as a target for potential prosecution and serves as an invite to others to cooperate against the lawmaker, white collar attorneys say.

Madigan wasn't charged in connection with the $200 million deferred prosecution agreement in which ComEd, an Exelon subsidiary and the largest electric utility in Illinois, admitted it arranged jobs and other benefits for allies of the Illinois House speaker in exchange for him supporting its push to change utility regulation. Madigan — arguably the state's most powerful politician, having served as speaker...

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