Former JEA CEO found guilty in federal fraud, conspiracy case; former CFO found not guilty
JACKSONVILLE, Fla. – Former JEA CEO Aaron Zahn was found guilty by a federal jury on Friday of attempting to defraud the city-owned utility.
The former executive was convicted on both counts of conspiracy and wire fraud in connection with an alleged scheme that would have resulted in Zahn and other JEA executives making millions in bonuses if the utility was sold.
The former CEO could be heard crying after his verdict was read while the judge thanked the jury for their service.
He now faces up to 25 years in prison. His sentencing is scheduled for June 18.
Timeline: The federal case against two former JEA executives
The verdict puts a punctuation mark on a scandal that shook the city and JEA...
