Hilco

18 Jun 19
The Chestnut Post

The Summer Reading Initiative, announced in February 2019, is designed to foster a love of reading and increase independent reading among CPS students in the intermediate grades during the summer months. Through this program, students can establish stronger connections with new teachers and peers to support the transition back to school and families are provided […]

14 Jun 19
Urban Hollywood 411

Collection includes iconic images of Prince and Sammy Davis Jr.

12 Jun 19
NAIOP Policy and Trends Watch

This post was written by BLDUP and originally appeared on their site. Now in its 16th year, the NAIOP bus tour took several hundred CRE professionals on an info-packed trip through Waltham, Watertown, Newton, and Needham last week. The theme of the tour, the science of success, highlighted the continued growth of the 128 corridor […]

05 Jun 19
The Dead Pixels Society

Intellectual Property Advisor Hilco Streambank has been hired to sell the collection that chronicles the African American Experience during the 20th Century NEW YORK, June 5, 2019 /PRNewswire/ — Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, has been hired by Miriam R. Stein, the chapter 7 trustee of Johnson […]

30 May 19
The Dead Pixels Society

Asset-valuation and disposition company is launching major new sales for PRG/VER and Keslow Camera; retirement auction begins for Cineworks LOS ANGELES, May 30, 2019 /PRNewswire/ — When leading AV companies — including PRG/VER, Keslow Camera, Illumination Dynamics, and Birns & Sawyer — choose to trim their surplus inventory and raise additional capital for inventory refreshment, they often turn […]

28 May 19
WLNS 6 News
A CEO was sentenced to 36 months in prison after defrauding a Grand Rapids company of nearly $1.4 million. Darci Shillington was the CEO of Hilco Technologies when she defrauded the company of $1,397,000 over four months by submitting phony invoices and pocketing the money. She used the stolen money to purchase and furnish a luxurious home in Ada, Michigan. When purchasing the home, Shillington forged a letter, supposedly from Hilco’s Board of Directors to make a down payment. The fraud left the company short of cash to pay its suppliers. Hilco discovered the fraud in September 2017 and called the FBI. “The defendant’s brazen theft of more than a million dollars of company funds over a few short months is an astonishing breach of trust Hillco Technologies placed in her,” said FBI Special Agent in Charge for the Detroit Division Timothy R. Slater. After Shillington serves the 36 months she will have two years of supervised release and have to payback $399,386.
28 May 19
Fox17

GRAND RAPIDS, Mich. – An Ada woman has been sentenced to 36 months in prison for defrauding a manufacturing company where she was the CEO. Darci Shillington will also have two years of supervision after her release and have to pay nearly $400,000 in restitution for her crime. A spokesperson for the  U.S. Attorney’s office […]

28 May 19
WOODTV.com
GRAND RAPIDS, Mich. (WOOD) — An ex-CEO who stole nearly $1.4 million from the Grand Rapids company she led will spend up to three years in prison. A federal judge Tuesday sentenced former Hilco Technologies CEO Darci Shillington to 36 months in prison for wire fraud and aggravated identity theft.  Shillington admitted to wiring $1,277,750 from Hilco’s bank account to her own bank between May 2017 and September 2017. She tried to cover up the crimes by faking invoices and documents to make it look like the money went to buying equipment for Hilco.  Authorities say Shillington used $587,813.99 of the ill-gotten money to pay to buy a “lavish” house in the 9400 block of Bryndale Way NE in Ada. When the bank asked where the money came from, Shillington said Hilco bought back her company stock, and she faked a letter from a board member to back it up. Shillington’s crimes left Hilco short of cash to pay actual suppliers, who eventually contacted the company to complain. Hilco uncovered the scheme in September 2017 and called the FBI. Federal court records show in January, Shillington agreed to plead guilty to wire fraud and aggravated identity theft and repay Hilco the $1,397,450 she took. That included giving up a home in Ada and a condominium in Palm Desert, California. In turn, prosecutors agreed to drop the money laundering and bank fraud charges. U.S. Attorney Andrew Birge said while Shillington’s crime targeted a business, it hurt people.  “Darci Shillington earned a salary that most people would be thrilled to have; but she just had to have more. She took advantage of suppliers, jeopardized the company’s stability, and in turn put the jobs of the company employees at risk,” Birge stated in a Tuesday news release. As part of Tuesday’s sentencing, the judge ordered Shillington to pay $399,386 in restitution.  Shillington is free on bond until she’s assigned to a prison facility. Once she’s finished her prison sentence, Shillington will remain on probation for two years.
15 May 19
Archy news nety

In the morning light, smoke from the Sparrows Point mills mixes with the mist. The steel plant outside of Baltimore was closed in 2012. Photos & photos by J.M. Giordano The huge Bethlehem Steel plant at Sparrows Point outside of Baltimore once employed 30,000 people. Now it is on the edge of something new. On […]