State Metals, exec fined for sale of military parts to China

Oct 26, 2006 | 07:24 AM | Paul Schaffer

The inclusion of unmangled missile-guidance parts in an aluminum scrap shipment loaded for China in 2004 led to fines and probation Wednesday for State Metal Industries Co., Camden, N.J., and for Michael Dorfman, a company vice president.

State Metal will have its activities supervised for three years and will pay $250,000. Dorfman received two years' probation and was fined $5,000 at the hearing in Newark, N.J. The defendants pleaded guilty in June to violating the terms....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results