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Market Commentary and Intraday News

A new market, black as ink, in NYC: printer toner

693 days ago

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Associated Press

(AP:NEW YORK) Prosecutors say there's a black market for copier toner that is making New York City businesses vulnerable to employee theft.

So far, there have been arrests in separate inside jobs at a leading cancer treatment hospital and a large law firm in Manhattan.

In the hospital case, a clerk earning a modest salary was convicted of financing a luxury lifestyle by secretly ordering $1.5 million in toner and reselling it. An employee at the law firm has been charged with stealing toner cartridges worth up to $259 a piece and dumping them for as little as $10.

The scope of the black market is unclear. But there have been isolated instances of similar toner diversion schemes in other parts of the country.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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