Silver slag company pays $9 million to settle federal probe
By Mark D. PerrySilver slag producer pays $950 million for its former boss, says lawyer article A Texas slag firm is paying $9.9 million and admitting wrongdoing in a federal investigation that uncovered misconduct at its factory in Waco.
The settlement with the Justice Department’s Office of Inspector General is the second such settlement this year by SilverSlag.
Last month, the company agreed to pay $3.4 million to the Justice department and $1.2 million to a federal agency.
The agency’s probe found the company failed to properly dispose of waste, and it also alleged that the company improperly used waste-processing and packaging technology that is subject to regulations.
The Justice Department also found that SilverSlap’s supervisors failed to investigate allegations of sexual harassment and assault at the Waco plant.
SilverSlag had previously settled allegations in the federal probe for $4.5 million, and in October the company announced it was closing the Wauconda factory.
The company said it would be moving its operations to Mexico.