- Associated Press - Wednesday, April 22, 2015

BOISE, Idaho (AP) - The former senior vice president of a would-be Idaho nuclear power plant developer has pleaded guilty to artificially inflating the company’s stock to dupe investors.

Forty-year-old Jennifer R. Ransom of Meridian pleaded guilty Tuesday in U.S. District Court in Boise to one count of securities fraud.

Prosecutors say Ransom received shares of Alternate Energy Holdings, Inc., stock in compensation that she then sold for $675,000, with about $580,000 coming from fraud.

Ransom as part of a plea deal agreed to forfeit the $580,000 and pay restitution.

She’s scheduled to be sentenced July 27, and faces up to five years in prison and a $250,000 fine.

The company’s former CEO, Donald L. Gillispie, has denied fraud and other charges. His trial is set for July.


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