The former CEO of electric-car charging network 350 Green pleaded guilty last week to fraudulently obtaining federal grants intended to be used for installation of public charging stations, notably in the Chicago area. The original 2011 announcement of the grants came with large fan-fare, but the company never remotely delivered on what was promised.
Timothy Mason may get up to 5 years in prison; his former co-CEO, Mariana Gerzanych, who cooperated with the FBI, has been ordered to pay a $10,000 fine and complete 200 hours of community service. U.S. District Judge Sharon Johnson Coleman noted that Gerzanych was getting a remarkable concession for her cooperation, and that she had never seen the prosecution choose to defer their case in such a proceeding.
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