Local News

3-6-17 fox valley metal owner accused of stealing millions from sadoff iron and metal

todayMarch 6, 2017

The owner of three scrap metal companies  accused of defrauding a Fond du lac scrap metal company out of millions of dollars has posted $1 million cash bond.  Sterling Kienbaum is charged with racketeering and theft.   He made his initial court appearance Monday.   A preliminary hearing is scheduled for March 16th.  According to a criminal complaint Kienbaum is accused of stealing $14 million from Sadoff Iron and Metal between 2009 and May of 2015.  Investigators say Kienbaum directed the operation where vehicles were packed with dirt and other debris to fraudulently increase the weight of what was being sold to Sadoff’s. According to the complaint Kienbaum made cash payments to a semi driver who pocketed some of the cash for himself and paid some to a Sadoff employee.  Those individuals, Daniel Christianson and Donald Krueger were convicted last year ane placed on probation.

Written by: Radio Plus

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