(Source: Reuters, November 22, 2013)
NEW YORK — A unit of Caterpillar Inc. is being probed by federal investigators to determine if it had dumped train parts into the ocean off California as part of a scam to charge customers for parts they didn’t need, the Wall Street Journal reported.
Investigators are probing whether Progress Rail was dumping brake parts and other items into the sea near the Port of Long Beach to conceal evidence that it was charging owners of rail equipment for replacing parts that were still in good shape, the paper said, citing people familiar with the matter.
Full story: Chicago Tribune