RALEIGH — Police have charged a Franklinton man with stealing $16,000 worth of steel drilling rods and selling them as scrap for $151.
Timothy Adams Cannady, 31, of 116 Green St., was arrested Thursday afternoon at a probation office on South Salisbury Street and charged with felony larceny, obtaining property by false pretenses and possession of stolen goods, according to an arrest report.
Police accused Cannady of taking the steel pipes, known as rock rods, from Trafford Corp., a company that does underground drilling work for utilities.
Cannady then took the rods to Raleigh Metals & Recycling and sold them for $151 by claiming they were his, according to the arrest warrant.
Cannady was being held Friday in lieu of $40,000 bail pending a court appearance.