Former city landfill worker pleads guilty in scrap metal theft scheme-Shanghai Metals Market

Hot Keywords

  • Zinc
  • MMi Iron Ore Port Index
  • Nickel
  • Aluminium
  • Inventory data
  • Futures movement
  • trend forecast
  • Evening comments
  • Wanbao Minerals
  • Stainless steel spot
  • Macroeconomics
  • Copper
  • price
  • SMM brief review
  • Operating rates

Former city landfill worker pleads guilty in scrap metal theft scheme

Industry News 08:48:20AM Sep 07, 2015 Source:SMM

By  Paul Ploumis 05 Sep 2015  Last updated at 00:24:31 GMT

Michael Theodore Bennett and other landfill employees were pleaded guilty for stealing thousands of dollars worth of scrap metal.

BALTIMORE (Scrap Monster)A former Baltimore landfill employee pleaded guilty on Thursday to a scheme in which he and others stole thousands of dollars worth of scrap metal, federal prosecutors said.

Michael Theodore Bennett, 46, and other landfill employees, including supervisor William Nemec, allegedly collected the scrap metal, which they sold to salvage companies for private profit, beginning in 2007 until May this year, according to Bennett's plea agreement.

Scrap metal collected at the landfill is sold to private salvage companies and is a source of revenue for the city. Salvaging by employees, also known as "junking," is prohibited. But authorities said Bennett and others used some of the profits to pay off other employees to keep them from reporting the scheme, and help them collect metal.

Bennett failed to report approximately $479,468 of income for tax years 2011, through 2013, the plea agreement said. Most of the income was from the illegal junking scheme.

The city lost $400,000 in the scheme, prosecutors said. It also cost the government $126,273 in unpaid tax returns on the profits. As part of his plea agreement, Bennett will pay restitution of $526,273.

Nemec and three other defendants have previously pleaded guilty in the scheme.

Bennett faces a maximum sentence of five years in prison for the conspiracy to steal from a program receiving federal funds, 20 years in prison for wire fraud, and one year in prison for failure to file a tax return.

His sentencing is scheduled for Dec. 21.

Courtesy: www.baltimoresun.com


Key Words:  scrap metal    
Relative News

Price

more
SMM #1 Nickel
Nov.18
125100.0
-2550.0
(-2.00%)
#1 JinChuan Nickel
Nov.18
126850.0
-2450.0
(-1.89%)
#1 Import Nickel
Nov.18
123350.0
-2700.0
(-2.14%)
JinChuan B&C
Nov.18
12200.0
500.0
(4.27%)
Russian Nickel Premium
Nov.18
8700.0
250.0
(2.96%)

Former city landfill worker pleads guilty in scrap metal theft scheme

Industry News 08:48:20AM Sep 07, 2015 Source:SMM

By  Paul Ploumis 05 Sep 2015  Last updated at 00:24:31 GMT

Michael Theodore Bennett and other landfill employees were pleaded guilty for stealing thousands of dollars worth of scrap metal.

BALTIMORE (Scrap Monster)A former Baltimore landfill employee pleaded guilty on Thursday to a scheme in which he and others stole thousands of dollars worth of scrap metal, federal prosecutors said.

Michael Theodore Bennett, 46, and other landfill employees, including supervisor William Nemec, allegedly collected the scrap metal, which they sold to salvage companies for private profit, beginning in 2007 until May this year, according to Bennett's plea agreement.

Scrap metal collected at the landfill is sold to private salvage companies and is a source of revenue for the city. Salvaging by employees, also known as "junking," is prohibited. But authorities said Bennett and others used some of the profits to pay off other employees to keep them from reporting the scheme, and help them collect metal.

Bennett failed to report approximately $479,468 of income for tax years 2011, through 2013, the plea agreement said. Most of the income was from the illegal junking scheme.

The city lost $400,000 in the scheme, prosecutors said. It also cost the government $126,273 in unpaid tax returns on the profits. As part of his plea agreement, Bennett will pay restitution of $526,273.

Nemec and three other defendants have previously pleaded guilty in the scheme.

Bennett faces a maximum sentence of five years in prison for the conspiracy to steal from a program receiving federal funds, 20 years in prison for wire fraud, and one year in prison for failure to file a tax return.

His sentencing is scheduled for Dec. 21.

Courtesy: www.baltimoresun.com


Key Words:  scrap metal