Thinking about the easy money to be made handling “questionable” scrap metal? Are you under the erroneous impression that recyclable materials are easy to misappropriate for your financial gain? Concerned about the trustworthiness of your employees? In recent weeks, six individuals from Tennessee were arrested and charged for their participation in an intricate plan of stealing truck-loads of waste scrap metal materials worth close to two million dollars. The illegal activity had been gradually taking place over a two year time period.
Each of the six people involved were charged with property theft in excess of two hundred and fifty dollars which is consider a class A felony and if convicted, carries a sentence of fifteen to twenty five years in jail.
It is estimated that cargo theft crimes result in a loss of up to thirty billion dollars each year for businesses and that close to eighty percent are considered “inside jobs.” In this case, the crime was started by employees of a trucking company which was responsible for hauling scrap metal material waste throughout the state. Through a scheme that involved paying off various security guards and drivers, the materials were then sold “under the table” to another scrap metal yard which promised not to document the transaction. The metal scrap was then hauled to another facility in Alabama and sold for cash which was shared by all the participants.
WasteCare Wants You to Remember: There’s money to be made in the waste recycling of scrap metal but only if you do it above-board and adhering to the law. Be smart and protect both yourself, your business, and employees from the dangers of stealing!