KENDALL COUNTY, Texas (KXAN) – Former Pedernales Electric Cooperative lawyer, Walter Demond, was found guilty on Tuesday of three felony charges.
The Kendall County jury found Demond guilty of theft, misapplication of fiduciary property and money laundering.
The jury recommended that Demond be placed on probation for 10 years and fined $10,000 for illegally diverting funds from the cooperative’s members.
Click to read Former PEC lawyer found guilty
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.