Grand jury indicts Blankenship

Fallout for Don Blankenship after the Upper Big Branch Mine Disaster

FROM the WV Record:

November 13, 2014 4:26 PM

CHARLESTON – A federal grand jury on Thursday returned an indictment charging former Massey Energy CEO Don Blankenship with four criminal offenses related to the April 2010 explosion at the Upper Big Branch Mine that killed 29 miners.

Former Massey CEO Don Blankeship now under Federal Grand Jury Indictment

U.S. Attorney Booth Goodwin said Thursday the indictment charges Blankenship with conspiracy to violate mandatory federal mine safety and health standards, conspiracy to impede federal mine safety officials, making false statements to the United States Securities and Exchange Commission as well as securities fraud.

The indictment alleges that from about Jan. 1, 2008, through about April 9, 2010, Blankenship conspired to commit and cause routine, willful violations of mandatory federal mine safety and health standards at Massey’s Upper Big Branch mine in Raleigh County.

The indictment alleges that during this same period of time, Blankenship was part of a conspiracy to impede and hinder federal mine safety officials from carrying out their duties at Upper Big Branch by providing advance warning of federal mine safety inspection activities, so their underground operations could conceal and cover up safety violations that they routinely committed.

The indictment further alleges that after a major, fatal explosion occurred at Upper Big Branch on April 5, 2010, Blankenship made and caused to be made false statements and representations to the SEC concerning Massey’s safety practices prior to the explosion.

Also, the indictment alleges that, after this explosion, Blankenship made and caused to be made materially false statements and representations, as well as materially misleading omissions, in connection with the purchase and sale of Massey stock.

Read More about Don Blankenship’s Federal Grand Jury Indictment Here