Besicorp Group makes announcement.KINGSTON, N.Y.--(BUSINESS WIRE)--June 19, 1997--Besicorp Group Inc. (AMEX AMEX See: American Stock Exchange Emerging Company Marketplace - BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International .EC) reported that the company and its chairman and chief executive officer, Michael F. Zinn, each entered guilty pleas today to two felony counts in United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York, White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and . The company entered a guilty plea to one count of causing a false statement to be made to the Federal Election Commission ("FEC See forward error correction. FEC - Forward Error Correction ") and one count of filing a false tax return, both in connection with contributions to the 1992 election campaign of Congressman Maurice Hinchey. Zinn similarly entered a guilty plea to on count of causing a false statement to be made to the FEC and one count of causing the filing of a false tax return in connection with contributions to the 1992 election campaign of Congressman Maurice Hinchey. Both the company and Zinn will be sentenced on Sept. 19, 1997. The company is uncertain as to what effect or consequences this development will have to its current or future business activities. Besicorp specializes in the development of independent power projects and energy technologies. CONTACT: Steven G. Nachimson, Esq. - Corporate Counsel 914/336-7700 |
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