Gary Southern pleads guilty, keeps all his money anyway

Back when Freedom Industries filed for bankruptcy in January 2014, Freedom president Gary Southern allegedly made numerous false statements under oath to try to downplay his role in the company. Why? He was anxious to shield his personal assets – over $8 million – from lawsuits.

Looks like Southern finally got what he wanted.

The twelve criminal fraud charges filed against Southern last December have all been dropped, in exchange for Southern’s guilty plea for three misdemeanor violations of the Clean Water Act. It’s an interesting fact of our legal system that poisoning the water supply for 300,000 people carries a far lower penalty than lying under oath, but so it is. Instead of facing up to 88 years in prison, Southern faces up to three. And Southern gets to keep his $7.3 million and his $1.2 million Florida home.

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