Talk About Ambitious
A Minnesota man has been charged with stealing a wee bit of silver from his employer, a company that provides silver plating. How wee a bit, you ask?
ST. PAUL, Minn. - A plating company employee with a gambling habit stole some $450,000 worth of his employer's silver — bit by bit over several years, police said. Jadyn Earl John Sessing, 31, of Farmington, is charged with seven counts of felony theft in Ramsey County District Court.
Authorities say Sessing, an assistant day manager at Cooperative Plating, took small bits of nearly pure silver starting in 2004. Cooperative Plating noticed the missing material immediately but attributed it to equipment problems and, later, a painting crew. Later, his thefts became bigger, police said.
His lawyer says he has a gambling addiction and stole to feed his habit. Now at today's silver price of $12.89, $450,000 works out to just about 34,910 troy ounces. Converting that to regular pounds (this site is invaluable for conversions, incidentally) that comes to just under 2,400 pounds of silver. Not exactly a very good security program at that company, apparently.
By Uncle Pinky, Friday, 18 May , 2007 @ 7:08 pm
I’d get it one piece at a time
And it wouldn’t cost me a dime
You’ll know it’s me when I come through your town
I’m gonna ride around in style
I’m gonna drive everybody wild
‘Cause I’ll have the only one there is a round.
Felt, I dunno, appropriate.
By Purple Avenger, Friday, 18 May , 2007 @ 8:40 pm
If the theft was noticed immediately, then he was scarfing raw material. You could swipe an occasional pint of silver cyanide solution out of the tanks and it would never be missed.
The speed of greed always gets’em.
My family was in the plating business for almost 40 years.