Six related Southern California aluminum entities convicted in scheme to avoid $1.8 billion in customs duties – Press Enterprise

Los Angeles — A federal jury found on Monday that a half-dozen Southern California entity was found guilty of participating in a wide range of wire transfers. Scam plan A large amount of aluminum was disguised on the pallet to avoid the $ 1.8 billion tariff.

According to the US Federal Attorney’s Office, fake pallets are exported to the United States and “sold” to fraudulently boost the profits of Chinese-based businesses and trick investors around the world.

The jury found that the following two aluminum businesses and four warehouse companies (all related to each other) passed one conspiracy, nine wire frauds, and seven false fraudulent documents to customs. I was found guilty of.

— Ontario-based business Perfectus Aluminum Inc.; – Perfectus Aluminum Acquisitions LLC, a subsidiary of Perfectus Aluminum, received some aluminum pallets shipped to the United States after the obligation was imposed on aluminum in China in 2011. Established…