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Ethanol firm officials indicted on bribery charges

Posted October 7, 2008
Updated October 8, 2008

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— Two owners of an ethanol production company, including a former mayor of Wake Forest, have been indicted on bribery and other federal charges.

Jim Perry, 62, who served as mayor in Wake Forest from 1978 to 1982, and David Brady, 75, a former commercial real estate developer, were charged with conspiracy to commit extortion, bribery concerning a program receiving federal funds, aiding and abetting extortion and aiding and abetting bribery. Perry also was charged with two counts of perjury, and Brady was charged with three counts of perjury and one count of making a false statement to a federal agent.

A federal grand jury returned the indictment last Wednesday, and it was unsealed Tuesday as both men surrendered to authorities. Perry was released on a $25,000 bond, and Brady was released on a $50,000 bond.

The pair formed Agri-Ethanol Products LLC in 2004 and planned to build an ethanol production plant in Beaufort County. Federal authorities allege that they tried to bribe an official with the state Department of Environment and Natural Resources to expedite the necessary state environmental permits, which would allow them to attract more investors to the venture.

Boyce Hudson, 67, who retired from DENR in 2005, pleaded guilty in May to extortion and money laundering in the case and will serve a 40-month sentence at the federal prison camp in Butner.

Investigators said Hudson agreed to help speed the permits in exchange for $100,000 and a two-year contract as a consultant that was worth another $100,000.

Agri-Ethanol received the required permits within 30 days, and Hudson received $5,000 in the scheme, investigators said.

The ethanol plant was never built because of a lack of funding.


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  • ncshower2 Oct 8, 2008

    I thought Jimmy Perry was involved in a scheme a few years ago that he ripped off the state for charging for food that was to go for the school system and school system paid for the food but never rec'd it. No wonder HE has that big house in Wake Forest. Once a crook ALWAYS A CROOK.

  • TheAdmiral Oct 7, 2008

    This is why it is important that government get the hell out of the private sector. Corruption like this because of a represenatative's or senators promise leads to junk like this.

  • WRAL is joe_dirt Oct 7, 2008

    Ethanol is for drinkin' anyway.

  • lizard Oct 7, 2008

    More democrats bite the dust.

  • riddick Oct 7, 2008

    Well it would have never worked here anyway since corn is the main feed stock and NC is a net importer of corn due to the livestock grown in this state. There is no spare corn for ethanol production as in other states.

  • ifcdirector Oct 7, 2008

    Just a very small window into the workings of state government in NC.

  • Cricket at the lake Oct 7, 2008

    Ethanol has a lot of problems. There is a dirty little secret about it. Ethanol eats fuel lines, fuel pumps, and has a much shorter life than "real gas". Wait until everyone starts having car problems. Talk about a huge waste of money. It is a fad that will go away in a few years after havoc has been created in the market place. How it got this far without more research on the product amazes me.

  • FairPlay Oct 7, 2008

    Seems like Big Oil, New Energy, greed is greed and no difference between the two!!!