Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

ICE - U.S. Immigration and Customs Enforcement : Pennsylvania man sentenced for transporting stolen goods across the country

07/18/2013 | 06:46pm US/Eastern
Recommend:
0

July 17, 2013

Pennsylvania man sentenced for transporting stolen goods across the country

PITTSBURGH - A Pittsburgh resident was sentenced Wednesday to 24 months in prison for transporting stolen goods from Pennsylvania to Texas. The investigation was conducted by U.S. Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI).

David Michael Spaid, 56, of Pittsburgh, was sentenced by U.S. District Judge Arthur J. Schwab, who also ordered Spaid to pay a $15,000 fine and serve two years of supervised release.

According to court documents, Spaid knowingly and unlawfully transported, transmitted and transferred stolen commerce goods valued at more than $5,000.

The HSI investigation revealed that on or about Oct. 14, 2011, Kenneth Hill and Timothy Angely, two employees of the Allegheny Ludlum plant in Harrison Township, stole four "super sacks" of nickel that had been shipped to Allegheny Ludlum from Russia via Baltimore, Md. The nickel weighed in excess of 17,000 pounds and had a value of approximately $151,000.

Hill and Angely transported the stolen nickel to a nearby open field where it was picked up by a driver working for Spaid at AAA Scrap Metal, located in Pittsburgh. Spaid negotiated the purchase of the stolen nickel from PJ Eberhardt, who worked in conjunction with Hill and Angely. Spaid would "front" Eberhardt $30,000, and then pay an additional amount, according to a prearranged formula for the value of the nickel, after Spaid was able to sell the stolen nickel to a buyer.

In this case, Spaid sold the nickel briquettes to ECS Refining in Terrell, Texas. The nickel was shipped by Spaid's company in western Pennsylvania to Texas at his direction on or around Oct. 21, 2011. Spaid indicated to the Pennsylvania State Police, who interviewed him, that this shipment of stolen nickel was the last of at least nine he received from Eberhardt.

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago HINS REIT : HINES REAL ESTATE INVESTMENT TRUST INC : Other Events (form 8-K)
<1m ago DESTINATION MATERNITY : Dita Von Teese unveils maternity lingerie collection
<1m ago AURELIA METALS : Hera - Nymagee Exploration Update
<1m ago AZABACHE ENERGY : Maintains 90% Working Interest in Vaca Muerta Assets and Enters Into Loan Agreement
<1m ago AURELIA METALS : Appointment of Alternate Director - Susan Corlett
<1m ago HSBC : Divisional CEO Buys Shares (DIRECTOR DEALINGS)
<1m ago FEDERAL'NAYA GIDROGENERIRUYUSHCHAYA : Notice of the amendments to the agenda of the Board of Directors
<1m ago BOUYGUES : Monthly disclosure of the total number of shares and voting rights
<1m ago PHARMAVOICE : Magazine Announces the 2014 PharmaVOICE : 100 and Inaugural Red Jacket Award
1m ago CANACCORD GENUITY : Discloses Total Voting Rights
Latest news
Advertisement
Hot News 
AREVA : Rössing Plans N$200 Million Desalination Plant
ATHLON ENERGY : Prices Secondary Public Offering of Common Stock
ECO CITY VEHICLES : Blames Uber, Boris For Challenging Trading
OM : Announces Second Quarter 2014 Financial Results And Share Repurchases
ARKEMA : 2Q Disappoints
Most Read News
1d ago TESLA MOTORS : expects to boost 2015 output to more than 60,000
10h agoDJARKEMA : 2Q Disappoints
1d ago PUBLIC STORAGE : Reports Results for the Quarter Ended June 30, 2014
1d ago MOODY : upgrades Suncor to A3
1d ago PANASONIC : Tesla expects to boost 2015 output to more than 60,000
Most recommended articles
1d agoDJMARKET SNAPSHOT : U.S. Stocks: Futures Drop On Jobless Claims
1m agoDJEUROPE MARKETS : Germany's DAX Posts Biggest Weekly Loss In Two Years
5m ago WILLIAM ACKMAN : Allergan sues Valeant, Ackman for alleged insider trading
6m agoDJIndex Providers Mull Removing Russian Companies Following Sanctions -- 3rd Update
8m ago Chrysler says its Canada auto sales up on trucks
Dynamic quotes  
ON
| OFF