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Angel, January 7, 2022 /PRNewswire/ – The cost of recycling fraud is high California Consumer regulators said today that consumers may have stolen hundreds of millions of dollars in nickel and dime deposits through fraudulent bottles, and they can be refunded.
“Experts and insiders pointed out that fraudulent gangs that originated from improper recycling centers and recycling processors, as well as outdated paper checks and balances run by the state, are not fully digitized, so they can easily be fooled,” the organization stated in its statement The latest investigation report on the dysfunction of the bottle deposit system stated, “Garbage cash: recycling fraud California.”
reading report here.
The report pointed out the need for a modern automated bottle storage system, just like other bottle storage systems.This year California Parliament will adopt legislation passed by the State Senate-SB 38 (Wieckowski)-to establish such a system run and managed by beverage companies.
“California The bottle deposit program is mainly run on the recycler’s honor system to request the country for bottle payment and redeem it,” the report found. “This reimbursement system uses a formula set by the country and can easily be manipulated by criminals… .
The full story can be found on Benzinga.com
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