Two admit tax evasion in cash-for-scrap scheme

Jun 19, 2014 | 12:57 PM | Lisa Gordon

Tags  scrap metal, tax evasion, Randal Bellestri, Paul Michajlyszyn, Odyssey Industries, Lisa Gordon

PITTSBURGH — Two men are facing prison time and fines after pleading guilty to tax evasion charges for failing to report income from scrap metal sales on their tax returns between 2004 and 2008.

Paul Michajlyszyn, former vice president of Lake Orion, Mich.-based machine tool maker Odyssey Industries Inc., admitted to an arrangement where he sold scrap generated by the business for cash, keeping a percentage and returning the remainder to Randal Bellestri, the company’s former president and....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results