PORTLAND, Ore. (AP) — A former Oregon Department of Energy official has pleaded guilty to federal charges related to the bribes he received to help arrange the sale of state energy tax credits.
The Oregonian/OregonLive reports Joe Colello pleaded guilty Thursday in federal court to charges of money laundering, conspiracy to defraud the Internal Revenue Service and filing a false tax return.
Colello, who managed tax credit sales for the department, was accused of accepting nearly $300,000 in bribes from Seattle-based energy consultant Martin Shain.
Federal prosecutors say Shain and Colello set up a business to funnel the bribes and attempted to hide the income.
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Colello pleaded guilty to state charges in June.
Colello is scheduled to be sentenced in Marion County court next month. His federal sentencing is scheduled for July.
Information from: The Oregonian/OregonLive, http://www.oregonlive.com