Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Los Angeles going after metal dealers to combat copper wire theft – NBC Los Angeles
    Commodities

    Los Angeles going after metal dealers to combat copper wire theft – NBC Los Angeles

    August 28, 20243 Mins Read


    As the city of Los Angeles tries to stem widespread copper wire and metal thefts, authorities arrested three alleged thieves and cited eight metal recyclers in the San Fernando Valley, officials announced Tuesday.

    After sending letters to metal dealers across the city eight months ago, warning them of the consequences of purchasing stolen metals in violation of AB 2321, which requires metal recyclers and junkyards in California to keep track of their sales and alert authorities about stolen metal parts and materials, the metal theft task force with the Los Angeles Police Department began regular enforcements and inspections to find those failing to follow the regulations to “make a quick buck.”

    In one incident, a suspected thief ripped away metal parts from a Caltrans property, causing a $150,000 loss in the city, LAPD Deputy Chief Alan Hamilton said.

    “These are felony crimes. Some of these individuals have been arrested for felony crimes with a huge dollar loss to governmental agencies. A huge dollar loss,” Hamilton said, saying authorities have been monitoring people who turn in metals that are either clearly marked or invisibly marked as the properties of the city and the state.

    “The metal recyclers know that the items that are marked, especially governmental, are with, for instance, AT&T or Spectrum. They know it’s not an employee that’s turning that stuff in. It’s not someone associated with those companies,” Hamilton explained. “They know what their responsibilities are under the agreement they have for conducting business in the city of Los Angeles.”

    The deputy chief added the Los Angeles City Attorney’s Office will pursue civil actions against incompliant metal deals.

    The LAPD task force has recovered over 1,600 pounds of copper wire with a street value of $40,000 within the last two months, Los Angeles City Council President Paul Krekorian said. 

    “The consequences to the taxpayers of Los Angeles are far, far greater than that. And the cost of repairs to replace that copper wire are estimated to be over a half million dollars already,” Krekorian explained, pledging tougher action against metal deals that fail to comply with the rules.

    “We’re coming after you. And you better get used to the idea of having LAPD knocking on your door. You better get used to the idea of having handcuffs on your wrists. And you better get used to the idea of our taking civil actions against businesses that compete unfairly with legitimate businesses because we will not only be pursuing civil remedies, we will seek to shut your business down.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Metal Gear Solid Delta 3’s Fox Hunt Mode Is Live With New Update

    Commodities

    burning gas to go green – The Irish Times

    Commodities

    Groww IPO to fund expansion into wealth, PMS and commodities

    Commodities

    Another metal just hit a record high — and it’s not gold

    Commodities

    Shell Renews $3.5 Billion Quarterly Buyback Program as Earnings Rise — Commodities Roundup

    Commodities

    Metal stock zooms 18% even as BSE sheds nearly 600 points, NSE slipped below 25,900

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Show en Gold pour Meule Bleue en Bastides

    Cryptocurrency

    Next Big Crypto: Dawgz AI

    Fintech

    Canadian fintech rides smaller wave after last year’s record high

    Editors Picks

    Feds Seize $1 Million in Cryptocurrency: BlackSuit Ransomware Group Crippled

    August 13, 2025

    Le premier champ solaire citoyen de Wallonie pourrait voir le jour à Anthisnes (vidéo)

    May 16, 2025

    Landmark property up for sale at £1.5 million

    July 20, 2024

    USDA Seeks Easier Rules For Crops to be Used in Green Fuels – BNN Bloomberg

    August 15, 2024
    What's Hot

    SEI Investments Company : Oppenheimer toujours positif

    April 8, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – Astra Labs, Databot, TRUST AI

    January 22, 2025

    OMERS to Expand Investments in Italy with Acquisition of Transit and Advertising Network

    August 7, 2024
    Our Picks

    What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

    October 28, 2024

    The Hardys Are Looking To Give Everything In Full Metal Mayhem

    October 26, 2024

    TSX futures gain on commodity boost, US CPI on tap | WTVB | 1590 AM · 95.5 FM

    August 12, 2024
    Weekly Top

    Groww IPO to fund expansion into wealth, PMS and commodities

    October 30, 2025

    Another metal just hit a record high — and it’s not gold

    October 30, 2025

    Adaptability In Retirement Means Navigating The Information Age With Confidence

    October 30, 2025
    Editor's Pick

    Intuitive Investments : perte semestrielle réduite malgré une baisse de la valeur nette d’actif

    June 6, 2025

    Introduction to Digital Transformation in Finance

    April 10, 2025

    China’s state-asset watchdog explores potential role of stablecoins, other digital assets

    July 11, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.