Former PEC lawyer found guilty

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Walter Demond will have to spend time behind bars

Updated: Wednesday, 01 Jun 2011, 1:48 PM CDT
Published : Tuesday, 31 May 2011, 9:37 PM CDT

Calily Bien

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.

As a condition of probation, State District Judge Dan Mills ordered Demond to serve 500 days in jail and pay $212,000 in restitution.

Earlier this year, former PEC CEO Bennie Fuelberg was sentenced to 300 days in jail after a jury found him guilty of felony charges as well; prosecutors claimed Fuelberg disregarded Texas law and used company money to fund family trips.

Fuelberg ran the co-op for 30 years before he left in February 2008.

Former PEC lawyer found guilty

Walter Demond will have to spend time behind bars

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