Vt. man charged with embezzling copper wire
COLCHESTER — Vermont police say a Swanton man has been charged with embezzling large quantities of copper wire from a cable company where he worked as a supervisor and selling it to a scrap metal dealer in New York.
Colchester police say 44-year-old Stephen Davis is accused of stealing more than 14,000 pounds of wire from Champlain Cable Corp. in Colchester and selling it for more than $46,700.
Police say Davis also is facing a charge of income tax fraud for failing to report the income.
Davis was arrested Monday. Police say the investigation is continuing and more arrests are possible.MORE IN This Just InThe National Retail Federation, based in Washington, D.C., recently named Rep.Peter Welch, D-Vt. Full Story
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