Company in highway bribe kickback scheme declares bankruptcy
WINFIELD, W.Va. (AP) — A West Virginia company that prosecutors said was involved in a highway bribe kickback scheme has declared bankruptcy.
The Charleston Gazette-Mail reports Bayliss and Ramey Inc. filed for Chapter 7 bankruptcy Wednesday in U.S. Bankruptcy Court for the Southern District of West Virginia.
The filing is more than a year since former company president Mark Whitt was sentenced to three years of probation in the state Division of Highways kickback scheme, and ordered to pay $250,000 for his role in the conspiracy to steer $1.5 million of highways projects to a South Carolina firm.
Attorney Bill Pepper is representing the company in the bankruptcy proceedings. He says the electrical contractor near Winfield has been out of business for “maybe a year,” and the bankruptcy is only a matter of putting it to rest.
Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.