Frank Sherman Company

Frank Sherman Company

The Frank Sherman Company is a former scrap metal dealer in Youngstown, Ohio.






The company closed in 2001 after it was discovered that fraudulent transactions were occurring between the company and Daniel Swindell of Valley Forge Inc. of Salem. 1

Swindell entered into an agreement to sell scrap metal produced from Valley Forge, which he was part owner, to Frank Sherman for cash payments Swindell did not report as income. 1 Frank Sherman prepared false invoices, which did not bear the name of Swindell from Valley Forge. Over a six-year period, the company received $178,218 in unreported income.

Jacob Klein and Kenneth Kreco, president and vice president of the Frank Sherman Company, were charged with conspiracy to defraud the United States government and each was sentenced to six months of home confinement and two years’ probation. Klein was fined $15,000 and Greco, $10,000. 1






Further Reading


Sources

[su_spoiler title=”Sources” icon=”caret”]

  1. “CLEVELAND Tax cheats to pay penalty.” Vindicator [Youngstown] 19 Oct. 2001: n. pag. Vindy.com. Web. 1 Mar. 2014. Article.

[/su_spoiler]

4 Comments

  1. Hello Wesley, we are recyclers of mill products. In the past we have purchased “Legacy” materials or materials that are left behind when a facility or yard closes. If you happen to come across any of these types of finds maybe you would interested in contacting us?

  2. So. I am Frank Sherman. I happened to stumble on your article today. I am setting up a web site to sell art and was checking Google to see if it had been listed. It was and underneath was your article and pictures. The Frank Sherman co. was my fathers ( originally my grandfather’s) business. It was interesting to see what happened to the place that I played at when I was a kid. I’m pushing 60 now. My father, Seymour and his brother Joe ran the business together until the early 70’s. My dad and joe had a falling out and parted ways. Joe bought my father’s share and my folks moved to Florida. Jackie Klein, who is mentioned in your report was joe’s son-in-law. I often wondered what became of the yard ,as we called it. Thanks for the update. Frank

    1. Hello Frank, You might find it interesting that I just explored this site last Sunday. I have some great pictures of the inside and the yard as you call it. You can email me, or if you are on Facebook, you can friend me and see the pictures through the group I have. It is called, Youngstown Explorers.

      Thanks,
      Wesley

Leave your comment!

This site uses Akismet to reduce spam. Learn how your comment data is processed.