What not to do if an undercover cop visits your yard
Sep 16, 2008 | 05:44 AM
|
The issue of stolen property has become a major headache for the recycling industry, with scrap prices high in a period of economic stress. Beyond public image, there are potential adversaries who can play hardball.
When Metal Management of Mississippi Inc., a local division of Sims Metal Management Inc., filed a federal lawsuit against a new tag-and-hold law in Mississippi, the court clerk received "interested party" notifications from BellSouth Telecommunications Inc., Mississippi Power Co. and the Mississippi Malt Beverage Association. Groups like those influence legislatures and want to make life tough for whoever steals their wire and kegs. Before long, a builders' group probably will show up to join those "interested parties."
The Institute of Scrap Recycling Industries (ISRI) has posted a lengthy list of items that yards should avoid buying from unauthorized parties—objects typically belonging to public utilities, municipalities, railroads or cemeteries.
Making the warnings stick can be difficult. Some intriguing narratives emerged from a seven-month undercover investigation in Eau Claire County, Wis., which led to search warrants at five scrapyards.
Potentially stolen material was seized from three recyclers and a fourth scrapyard had records showing irregular purchases of junked vehicles, but in August the District Attorney's office in Eau Claire County said it had decided not to file formal charges as long as there is no recurrence of the allegedly questionable behavior. A fifth yard emerged unscathed from the raids but had accepted suspicious material earlier on, according to a police affidavit.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here