Global Fastener News

Worker Arrested For Stealing 1 Million Screws

October 01
00:00 2007

Jason Sandefur

MEDIA SPOTLIGHT
Editor’s Note: Articles in Media Spotlight are excerpts from publications or broadcasts that show the industry what the public is reading or hearing about fasteners and fastener companies.

A German factory worker was arrested after stealing over a million screws from his employer and selling them over the Internet at a steep discount, Reuters reports.
“In the end, it became obvious that screws were being sold for much less than they usually cost,” explained a police spokesman in Wuerzburg.
Police say that over a two-year period, the 33-year-old man smuggled as many as 7,000 screws out of work each night by using a special hiding place, and then auctioned them online. The cumulative total of the theft was valued at $156,000. The company he worked for was not identified.
The man allegedly confessed his crime after officers raided his apartment. �2007 FastenerNews.com

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