FOND DU LAC, WI (WTAQ) – A Fond du Lac man was sentenced to 11 years in prison after he bilked a Fond du Lac firm out of $14 million in a scrap metal scheme.
The owner of Fox Valley Iron and Metal, Sterling Keinbaum, allegedly paid employees of Sadoff Iron & Metal to accept overloaded scrap vehicles filled with dirt, which in return inflated the check from Sadoff for the supposed metal content.
Keinbaum was convicted of racketeering, which carried a sentence of eight years in prison for that count. Another three years were added by Judge Robert Wirtz during Tuesday’s sentencing hearing.
The two Sadoff employees that participated in the scheme were placed on probation and convicted.
