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Grand jury indicts recycler for racketeering

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A Marion County grand jury has returned an eight-count indictment against OmniSource Corp., accusing the metal recycling powerhouse of racketeering and receiving stolen property.

OmniSource, a unit of Fort Wayne-based Steel Dynamics Inc., is charged with buying stolen cars, car parts, boats, gutters, wiring and other items as scrap metal prices climbed between June 2007 and May 2009.

In a statement, OmniSource president Mark Millett called the allegations "unfounded," saying the company is an industry leader in "anti-theft training and law enforcement cooperation." The company hired more than 50 Indianapolis Metropolitan Police Department officers to help detect and deter metal theft.

"This indictment of OmniSource is not only unfair to the company but an insult to the IMPD police officers who ... did their part to stop metal thefts in Marion County,” he said in the statement.

Officers from the IMPD, FBI, Indiana State Police and other agencies raided the six Indianapolis scrap yards operated by OmniSource in February 2009, collecting evidence and seizing property and more than $277,000. The raids were the culmination of a year-long undercover investigation.

The grand jury returned the 16-page indictment Oct. 22, and it was filed in Marion Circuit Court on Monday.

OmniSource is charged with three counts of corrupt business influence and five counts of attempted receipt of stolen property. The indictment details dozens of allegations, which Millett said the company will "aggressively" defend itself against.

This month, the company sued Marion County Prosecutor Carl Brizzi, seeking the return of the seized cash. OmniSource said the investigation was a sham intended to raise Brizzi’s political profile.  

As IBJ reported in April, the Prosecutor’s Office missed a deadline to file forfeiture paperwork, likely paving the way for OmniSource to reclaim the money.

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  1. IF the Right to Vote is indeed a Right, then it is a RIGHT. That is the same for ALL eligible and properly registered voters. And this is, being able to cast one's vote - until the minute before the polls close in one's assigned precinct. NOT days before by absentee ballot, and NOT 9 miles from one's house (where it might be a burden to get to in time). I personally wait until the last minute to get in line. Because you never know what happens. THAT is my right, and that is Mr. Valenti's. If it is truly so horrible to let him on school grounds (exactly how many children are harmed by those required to register, on school grounds, on election day - seriously!), then move the polling place to a different location. For ALL voters in that precinct. Problem solved.

  2. "associates are becoming more mercenary. The path to partnership has become longer and more difficult so they are chasing short-term gains like high compensation." GOOD FOR THEM! HELL THERE OUGHT TO BE A UNION!

  3. Let's be honest. A glut of lawyers out there, because law schools have overproduced them. Law schools dont care, and big law loves it. So the firms can afford to underpay them. Typical capitalist situation. Wages have grown slowly for entry level lawyers the past 25 years it seems. Just like the rest of our economy. Might as well become a welder. Oh and the big money is mostly reserved for those who can log huge hours and will cut corners to get things handled. More capitalist joy. So the answer coming from the experts is to "capitalize" more competition from nonlawyers, and robots. ie "expert systems." One even hears talk of "offshoring" some legal work. thus undercutting the workers even more. And they wonder why people have been pulling for Bernie and Trump. Hello fools, it's not just the "working class" it's the overly educated suffering too.

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  5. "pedigree"? I never knew that in order to become a successful or, for that matter, a talented attorney, one needs to have come from good stock. What should raise eyebrows even more than the starting associates' pay at this firm (and ones like it) is the belief systems they subscribe to re who is and isn't "fit" to practice law with them. Incredible the arrogance that exists throughout the practice of law in this country, especially at firms like this one.

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