Former PEC general manager Bennie Fuelberg was found guilty on charges of third degree theft, money laundering, and misapplication of fiduciary property for a scheme where payments were funneled through PEC’s outside law firm to his brother Curtis Fuelberg and to Bill Price, the son of a member of the PEC Board of Directors, without the apparent knowledge or approval of anyone at PEC. Though indicted on first degree charges, the prosecutor allowed for the reduction to third degree during the two week long trial which culminated today in Fredericksburg.
Fuelberg could face two to 10 years in prison and up to $10,000 in fines for his part in the scheme, which included PEC’s chief outside lawyer Walter Demond, who goes to trial in March on identical first degree felony charges.
The date of sentencing has not been set as of this writing.
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