Owners of missing ‘Ghost’ dismantler facing fraud suit

Nov 27, 2007 | 02:22 PM | Michael Marley

The owners of North American Ship Recycling Inc. (NASR), a Sparrows Point, Md., shipbreaker, are being accused of fraudulently transferring assets to escape paying a court judgment, according to a lawsuit filed by attorneys for an Elizabeth, N.J., toxic waste cleanup company

The lawsuit—alleging wire fraud, unjust enrichment, civil conspiracy, aiding and abetting and breach of fiduciary duty—has been filed under the federal Racketeer Influenced and Corrupt Organizations (Rico) Act against Timothy Barletta, NASR's president; brother Vincent Barletta, a company officer; John G. Bulman, the company's attorney; various colleagues; and certain affiliated businesses.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results