Infrastructure:Electric,Gas & Water / Security Newswire

$500,000 Stolen in Duke Energy Copper Theft

A theft ring, which included former Duke Energy employees, made nearly a half-million dollars from selling copper wiring stolen from the utility.

The ring made $469,535 selling the wire to recyclers after it was stripped of its insulation and cut up, according to an AP report.

The theft occurred over a nearly four-year period before Duke notified law enforcement in November 2010. The employees, including a supervisor, are accused of taking wiring left over from jobs in Hamilton County and selling it to recyclers in Northern Kentucky, instead of returning it to Duke.

Nine men – including four former Duke employees – pleaded not guilty in federal court to charges of conspiring to transport goods in interstate commerce, transporting stolen goods in interstate commerce, receiving stolen goods and conspiracy to launder money.

According to the AP report, Duke cable splicing crews were responsible for installing new copper wire and replacing old copper wire as routine maintenance to Duke’s underground electrical grid in Hamilton County. At the end of each day, the crews were supposed to return excess wire to Duke’s Dana Avenue facility in Cincinnati for recycling.

Instead, the wire was transported to undisclosed locations in Northern Kentucky where it was cut into smaller sections and stripped of its outer coatings, according to the indictment. Prosecutors allege the copper was then sold to metal recycling companies in Boone, Campbell and Kenton counties. The recyclers usually paid cash, the report says, which was split among the conspirators, according to the indictment.

The indictment outlines six specific dates the stolen copper was allegedly sold between 2006 to mid-November 2010.

Did you enjoy this article? Click here to subscribe to Security Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASIS 2013 Product Preview

ASIS International 59th Annual Seminar and Exhibits, September 24-27 in Chicago, Illinois, will include an exhibit hall packed with innovative security solutions. Here are some of the products that will be shown at ASIS this year.

Podcasts

Virtualization and Data Center Security: What You Need to Know for 2014

Data centers are increasingly becoming the center of the enterprise, and data center and cyber security is following the same path for security departments. According to Justin Flynn, a consultant at the Burwood Group, the virtualization of data centers allows enterprises to scale more easily and faster, with a smaller footprint.

However, hosting enterprise data in the cloud can make intrusion detection more difficult – how can enterprise security leaders team up with other departments to keep aware of cyber risks and traffic, and physical and data compliance during the virtual transition? How can CISOs and CSOs discuss cyber threats with the C-Suite to get the resources they need? And how can the proper infrastructure test and verify possible malicious attacks? 

More Podcasts

Security Magazine

Security magazine February 2015 issue cover

2015 February

In the February 2015 issue of Security Magazine, see what other companies have learned from the massive data breach and what they are doing in the now and in the future. Also, what could adding thermal cameras to your operation do for you? and Mohegan Sun at Pocono Downs prepares for the future with security decisions.
Table Of Contents Subscribe

Tougher Cybersecurity Legislation

On January 20, President Barack Obama called for tougher cybersecurity legislation in his 2015 State of the Union address. Which of the following points do you feel is most needed today?
View Results Poll Archive

THE SECURITY STORE

Effective Security Management, 5th Edition.jpg
Effective Security Management, 5th Edition

 Effective Security Management, 5e, teaches practicing security professionals how to build their careers by mastering the fundamentals of good management. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. 

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube  LinkedIn logo 40px 2-12-13Google+

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.