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Ethanol firm officials sentenced on bribery charges

Posted February 10, 2010

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— Two owners of an ethanol production company, including a former mayor of Wake Forest, were sentenced Wednesday to 30 months in federal prison for bribery.

Jim Perry, 63, who served as mayor in Wake Forest from 1978 to 1982, and David Brady, 77, a former commercial real estate developer, pleaded guilty last June to bribery concerning a program receiving federal funds. Brady also was fined $60,000, while Perry was fined $10,000.

Jim Perry, former Wake Forest mayor Bribery case ends in prison time

Neither Perry nor Brady commented after the court hearing, although Brady read a statement in court apologizing for the "most serious mistake of my life." Both men are to report to prison by April 15.

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, 69, who retired from DENR in 2005, pleaded guilty two years ago to extortion and money laundering in the case and is serving 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 Agri-Ethanol plant was never built because of a lack of funding.

“The bottom line is that corruption in any form undermines the confidence of the people in their government and their elected officials," U.S. Attorney George Holding said after the court hearing. "That’s anathema to the democracy, and it’s something we can’t tolerate.”

U.S. District Judge Terrence Boyle said Wednesday that, because of Hudson's cooperation with the federal investigation, he would consider cutting his prison term to 30 months to match those of Perry and Brady.

16 Comments

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  • 5-113 FA Retired Feb 10, 2010

    global warming is fake

    and

    what makes the bribery harry reid did w/ FL LA and NB to try and get the votes for health care ramrodded down out throats. All those congress people should be charged w/ a crime also. No difference whatsoever!

    Our country is going to POT! ql

    Uh, you sure you're posting your comment on the right story?

  • ql Feb 10, 2010

    ...

    global warming is fake

    and

    what makes the bribery harry reid did w/ FL
    LA and NB to try and get the votes for health
    care ramrodded down out throats. All those
    congress people should be charged w/ a crime also.
    No difference whatsoever!

    Our country is going to POT!

  • WRAL is joe_dirt Feb 10, 2010

    Most posting their opinions (disguised as comments), haven't a clue about processing grain into ethanol. Though the cost-effective, commercial refinement is still being engineered to be more efficient, there are patented methods that have been purchased and rat-holed by big oil. Unless someone with the kahunas to stand up and take the lead, it will never get to the point of be refined commercially for distribution.

    As far as this being related to dirty politicians is concerned, you all couldn't be further from the truth. That's just an easy explanation from those lacking the capacity to come up with an educated conclusion based on their own research.

  • Riddickfield Feb 10, 2010

    Corn based ethanol doesn't work in NC which is a net importer of corn. I knew this was a scam from day 1. This is why all the ethanol plants are in the mid-western states. I feel bad for the poor saps that bought into this idea.

  • nufsaid Feb 10, 2010

    "You think Global Warming is fake... or that ethanol fuel is fake? I guess the mountains of scientific evidence to the contrary are hard for you to accept. I have a saying... "You just can't cure stupid". Too bad it isn't terminal.
    Raige"

    Your saying may relate to those that refuse to look at the evidence that ethanol is an inferior fuel (as well as the problems created in using a food staple to make it), and those that ignore the growing evidence that man made global warming "evidence" has been manipulated.

  • The Fox Feb 10, 2010

    [mountains of scientific evidence to the contrary]That's mountains of FAKED scientific evidence to the contrary.

  • in2horses Feb 10, 2010

    Nothing but CROOKS trying to get money out of "investors" HA...

  • ech Feb 10, 2010

    They must have not known Gov. Easley. If so they would have been quickly up and running without any trouble at all.

  • luckn4u2 Feb 10, 2010

    It's all about the money and greed..The so called untouchables are learning that money and power does not always get you what you want but can bring you down to a level they never would have thought..Same goes for the State congressman and legislator's,remember someone is always watching somewhere..They all get what they deserve..Im still waiting to see the future of Tony Rand and Marc Basnight.

  • samiam1244 Feb 10, 2010

    I am glad to see a lot of the corruption in this state is being looked into. it's no wonder our taxes are so high. NC really rolls in the dough at tax payers expense and the dough rolls right into some peoples bank account..

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