Executive charged in copper theft

March 25, 2013 at 4:29 PM

HOUSTON, March 25 (UPI) -- A Houston electronics firm executive was charged Monday with stealing more than $300,000 in copper to pay back taxes and fund a gambling habit, officials said.

Fred Eugene Kuhn, 56, a vice president of KenMor Electric Co., faces a felony charge of aggravated theft, the Houston Chronicle reported.

Kuhn's arrest warrant states he sold thousands of pounds of scrap metal belonging to his company from a highway project, either alone or through an intermediary employee of his firm, and pocketed the cash.

The employee was not charged in the case, the arrest warrant stating he "never received any of the cash for himself."

Kuhn admitted to the thefts, prosecutors said.

Related UPI Stories
Latest Headlines
Trending Stories
Vatican: Bishops not required to report abuse to police
Nicola Griffin to appear in Sports Illustrated swimsuit issue at 56
Dementia rates decline in U.S., researchers unsure why
'El Chapo' drug empire's alleged financial operator arrested in Mexico
New data undermines story of Yellowstone's formation