Dive summary:
- New Jersey scrap trading companies, Akjay International LLC and International Alloys Inc., have filed a lawsuit against PTP Consulting LLC for selling them the same four containers in a scrap metal deal.
- PTP is accused of soliciting both companies to purchase the same four containers of scrap steel, then sent Akjay one container of plastic chips and steel drums of caked soil and waste dross.
- Both companies are suing under the Racketeer Influenced and Corrupt Organizations Act for multiple counts of racketeering, including wire fraud.
From the article:
After solicitation from Davi, Akjay purchased six shipping containers of stainless steel from PTP at a price of $0.72 per pound, which were to be sent from the Port of New York to a port in Taiwan.
Akjay wired $200,812 to PTP for the six containers of steel, according to the suit.
Davi then solicited Akjay to purchase four additional containers while also soliciting International Alloys to purchase the same four containers, the lawsuit alleges. Davi then sold the same four scrap containers to both companies and accepted wire transfers from both Akjay and International Alloys. ...
