Ala. recycler to pay $1.27M in federal lawsuit

Apr 01, 2014 | 01:08 PM | Lisa Gordon

Tags  metals recycler, Edward Hindman, Hindman's Wrecker Service & Salvage, Lisa Gordon

PITTSBURGH — An Alabama metals recycler has agreed to pay $1.27 million to settle civil and criminal cases for allegedly structuring 16 bank account withdrawals in order to avoid federal reporting requirements.

Edward M. Hindman, the owner of Hindman’s Wrecker Service & Salvage LLC in Talladega, admitted to withdrawing a total of $119,400 in cash from a bank account in February and March 2011 in amounts less than $10,000 so that....

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