Scrap exec gets 41 months for California can scam role
Oct 17, 2006 | 02:18 PM
| Paul Schaffer
The head of two Los Angeles scrap metal companies involved in a $2.5-million can recycling scam has been sentenced to 41 months in federal prison.
Errol Segal, 61, who pleaded guilty to mail fraud and other charges, had been president and chief executive officer of Active Recycling Co. and was described in the indictment as also controlling World Wide Recycling Co.
He is liable, along with several co-defendants, for restitution of nearly $1.6 million. Certain other defendants were allotted a potentially larger share of the restitution, which totals $2.57 million.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.