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

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
React to this article
Latest news
Date Title
07:04p Arkema files its 2014 reference document
07:03p LUPAKA GOLD : Reports Performance and Financial Highlights for the Year Ended December 31, 2014
07:01p RYOBI : New Electric Pressure Washers from Techtronic Industries Power Equipment
07:01p XERO : reaches 200,000 paying Australian customers
07:01p WEST FRASER TIMBER : James Gorman to Join West Fraser
07:01p AMERICAN WATER WORKS : Indiana American Water Switching to Monthly Billing for Residential Customer in Northwest Indiana
07:01p CHILEAN METALS : Completes Land Acquisitions on New IOCG Project Near Candelaria Mine, Chile
07:01p Entrepreneur Andrew McCubbins Pushes for Improving Humanitarian Results
07:00p CHILEAN METALS : Completes Land Acquisitions on New IOCG Project Near Candelaria Mine, Chile
06:56p DEPARTMENT OF FOREIGN AFFAIRS AND TRADE AUSTRALI : Expanded sanctions against Russia come into force
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : President Denis Sassou Nguesso Expected in Luanda
SHAFT SINKERS : To Cease Trading After Being Left With "No Value"
4D PHARMA : Acquires Remaining Share In GT Biologics
GOLDPLAT : Eyeing Acquisition, Loss Narrows Despite Challenging Year
CELLULAR DYNAMICS' : Webinar Spotlights Diabetic Cardiomyopathy-in-a-dish Model that May Elucidate Mechanisms for Repair and Regeneration of Heart Muscle Cells
Most Read News
06:46p Canada's D+H Corp to buy payment services firm Fundtech
06:25p AT&T : crews try to fix cable on Walton Way (BRIEF)
06:21p INFIGEN ENERGY : Renewable decision sought
06:08p DUKE ENERGY : contributes to energy storage research (BRIEF)
06:01p SAN GOLD : Reports 2014 Annual and Fourth Quarter Results
Most recommended articles
06:46p Canada's D+H Corp to buy payment services firm Fundtech
06:14p J&J, Glaxo settle U.S. lawsuit over allergy ads
06:13p SEC says Wal-Mart can omit shareholder proposal on staff 'engagement'
05:58p WILLIAM ACKMAN : Ackman says shutting Herbalife down is key to him
05:44p U.S. SEC accuses financier Lynn Tilton of defrauding investors
Dynamic quotes  
ON
| OFF