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Book details NYC cartel. (Scrap Industry News).


For several decades, solid waste and scrap paper scrap paper npedazos mpl de papel

scrap paper npapier m brouillon

scrap paper scrap n
 generators in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 were at the mercy of a cartel that colluded to rig bids and fix prices for trash pickup and paper recycling Paper recycling is the process of recovering waste paper and remaking it into new paper products. There are three categories of paper that can be used as feedstocks for making recycled paper: mill broke, pre-consumer waste, and post-consumer waste.  services.

The undercover operation detailed in a new book entitled Takedown Takedown

1. The price at which underwriters obtain securities to be offered to the public.

2. The portion of securities that each investment banker will distribute in a secondary or initial pubic offering.

Notes:
1.
: The Fall of the Last Mafia Empire (G.P. Putnams Son's, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Copyright 2002.) finally brought the scheme to an end in the mid-1990s.

The book is co-authored by New York police New York Police may refer to:
  • New York City Police (NYPD)
  • New York State Police
  • Port Authority Police(PAPD)
 detective Rick Cowan, who spent several years pretending to be Dan Benedetto, an executive with Brooklyn's Chambers Paper Fibres Corp., an honest paper recycling firm that worked its way into the corrupt cartel in order to expose it.

The cartel, which was ultimately controlled by a handful of organized crime rings, divided New York's five boroughs into spheres of influence and held together an anti-competitive price-fixing scheme from at least the early 1950s until 1995. The rings operated under the guise of trade associations with such names as the Greater New York Waste Paper Association and the Association of Trade Waste Removers of Greater New York.

The undercover operation produced large volumes of audio recordings that led to the cartel's downfall in 1995. Subsequently, with the introduction of honest competition, New York businesses have seen their solid waste bills drop by as much as 90 percent and receive competitive bids for their scrap paper.

The multiple indictments resulting from Operation Wasteland identified 17 individuals, 23 companies and the four trade associations as co-conspirators in the scheme, which relied on intimidation and violence to perpetuate itself.

Cowan credits Sal Benedetto and others with Chambers Paper Fibres and related Benedetto companies for exposing themselves to risk. "Sal Benedetto knows he's got a target on his head for the rest of his life," writes Cowan.
COPYRIGHT 2002 G.I.E. Media, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:New York City recycling industry corruption exposed
Comment:Book details NYC cartel. (Scrap Industry News).(New York City recycling industry corruption exposed)
Publication:Recycling Today
Article Type:Brief Article
Geographic Code:1U2NY
Date:Dec 1, 2002
Words:300
Previous Article:Windy City hosts Paper Conference. (Scrap Industry News).(Brief Article)
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