NJ Biz, Owner Sentenced for Bribing Con Ed Manager

Bernard Grobart received a five-year term and was fined $125,000, while Teneyck, Inc. was ordered to pay a $550,000 fine

Tuesday, Jan 17, 2012  |  Updated 8:31 PM EDT
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NJ Biz, Owner Sentenced for Bribing Con Ed Manager

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Federal officials say a New Jersey industrial pipe supply company and its owner have been sentenced for participating in a conspiracy to commit fraud and pay bribes to a purchasing manager with Consolidated Edison of New York.

Bernard Grobart received a five-year term Tuesday and was fined $125,000, while Lyndhurst-based Teneyck Inc. — formerly known as Neill Supply Co. — was ordered to pay a $550,000 fine. Grobart and Teneyck were also ordered to pay portions of $297,000 in restitution owed to Con Ed.

Grobart and Teneyck pleaded guilty last March to participating in a conspiracy to defraud Con Ed that ran from November 2003 to August 2008. Grobart also pleaded guilty to obstruction for having a company employee delete an electronic document that was subpoenaed by the government.

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