Verizon Cites Copper Cable Thefts in Southern California

Verizon announced a $10,000 reward for information leading to the arrest and prosecution of the individuals responsible for a recent spate of copper cable thefts in southern California. The company reported the theft of thousands of feet of copper cable at nine locations, resulting in thousands of dollars in damages. http://www.verizon.comCopper has recently been trading between $4.50 and $5.00 per pound, up almost 60% since 2007, according to Fremont Insurance which has been fighting the problem in residential cases.