Ex-Bonneville Pacific Execs Indicted In Utility-Fraud Case

SALT LAKE CITY - A federal grand jury has indicted four former executives of Bonneville Pacific Corp., charging that officials of the bankrupt alternative-energy company defrauded investors of millions.

The indictments culminate a three-year probe that has also stained the administration of Salt Lake City's first woman mayor.

Mayor Deedee Corradini, a former officer of the company, was not among those indicted and has admitted no wrongdoing.

Corradini and her husband, Yan Ross, earlier paid a bankruptcy court $458,000 to settle a court trustee's claims against them. In so doing, they avoiding being named in a related lawsuit, but officials said investigations involving the mayor were continuing.

The indictments were made against influential Utah businessmen who helped build the small Salt Lake company into a star of the 1980s alternative-energy industry.

The men are charged with various counts of criminal conspiracy, securities fraud, mail fraud, bank fraud and tax violations.

Bonneville Pacific claimed to develop and operate small hydroelectric plants.