Two Fox Valley-area salvage dealers must close by end of year due to fraudulent activities
FOX VALLEY, Wis. (CBS 58) -- Two Fox Valley-area salvage dealers must close by the end of the year, the Wisconsin Department of Transportation has confirmed.
The salvage dealer licenses of Gibson Iron Metal and Auto, Inc in Neenah and Fox Valley Iron Metal & Auto Salvage Inc. of Oshkosh were revoked by the state of Wisconsin for conducting fraudulent activities.
The judge ordered that the two salvage dealerships must immediately cease purchasing scrapped motor vehicles but will be allowed a wind-down period for the companies, which have approximately 50 employees. Fox Valley Iron Metal and Gibson Iron Metal have until the end of the year to sell, process or recycle the auto bodies and parts from motor vehicles it already owns.