Greetings fellow Americans,
I begin today with a daily blog on my personal experiences as a whistleblower. In 2005 I was employed at Aqua America and having uncovered fraudelent accounting practices I contacted the Pennsylvania Public Utility Commission (PUC). I contacted Mr. John Clista a audit supervisor performing a audit at Aqua America.
I gave to Mr. Clista documents which proved fraudulent activity at Aqua America. They were reporting capital expenditures as expense items. I estimate to the tune of ripping off the US Treasury of some $33 million dollars a year.
Little did i know that Mr.Clista's boss Mr. Wendell Holland, Commissioner of the PUC would inform Aqua America management, notably Mr. Nick DeBenedictis of my whistle-blowing and initiate a conspiracy cover up in December 2005. On January 4, 2006 I was fired by aqua America (WTR) for insubordination on the job, a bogus charge. Anyway I was out the door!
On March 8,2006 aqua America stock took a 6% drop. It continued falling for 6 years. Their market capitalization went from 3.5 billion dollars to2.3 billion dollars.
I have tried to alert the IRS, Pa. Attorney General and am awaiting the Pa. Inspector general's investigation. I submitted documents and a written letter describing the fraud and coverup at the PUC. By Pennsylvania stature a employee of the Commonwealth of Pa. is required under the whistleblower law to inform me to get a whistleblower attorney and to contact the FBI.
Mr. Clista was complicate in this coverup with the commissioner Mr. Wendell Holland of the PUC in committing the conspiracy coverup with Nick DeBenedictis of Aqua America.
I have a 400 page book on the entire operation at the PUC and Aqua America and will begin daily blogs introducing the history of Aqua America Water Corp. (Formally Philadelphia Suburban water Co.). from 1886 to 2014.
Tomorrow: The origins of Philadelphia Suburban Water Co. and its bylaws on ethical business practices which were hijacked by Nick DeBenedicitis in 1992.
Regards,
Americaduff