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 made his initial Fond du lac court appearance Monday on charges of racketeering and theft. District Attorney Eric Toney says 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 and placed on probation. A preliminary hearing for Kienbaum is scheduled for March 16th.
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