Riverview, Florida-- A federal judge found the president and vice president of a secondary metal/battery recycling business guiltyof crimes which resulted in a $3.3 million loss to two companies.
Trial testimony and evidence revealed the president of the company, 36-year-old Christian Hancock, and the vice president, 37-year-old Tina Schneider, conspired with others from 2006-2009 to steal "hundreds of tractor-trailer loads of used automotive batteries--totaling over 8 million pounds of stolen batteries--that were destined for Envirofocus Technologies, a lead smelter in the Tampa area, and for Johnson Controls, Inc."
Co-conspirators, some of whom previously pled guilty for their roles in the conspiracy, falsified documents and records in order to conceal the thefts from Envirofocus.
Reports indicate Hancock and Schneider then re-sold the batteries through their company for a profit, costingEnvirofocus and Johnson Controls more than $3.3 million.
The judge sentenced Hancock was sentenced to 4 years and 9 months in federal prison for conspiring to commit wire fraud, structuring financial transactions to evade federal currency transaction reporting requirements, conspiring to commit money laundering, substantive wire fraud, money laundering and structuring charges.
As part of his sentence, Hancock also owes over $2 million.
Schneider was sentenced to 13 months in federal prison for structuring financial transactions.