Stoikes found competent in $2 million copper theft case
JANESVILLE A Janesville man accused of stealing more than $2 million in copper tubing from his former employer has been found competent to stand trial.
Steven R. Stoikes, 43, formerly of 4012 Ingram Drive, Janesville, is charged with five counts of felony theft. Police think he was ordering copper tubing that was not needed for jobs contracted by Butters-Fetting of Janesville, then selling it to a recycling company.
This went on for more than seven years, according to court documents.
Alter Metal Recycling in Janesville had receipts showing payment to Stoikes of $965,203. That was the scrap value of the copper; the actual value was between $2 million and $3 million, an Alter account representative told police.
According to investigative documents, Stoikes has won $21 million and paid in $24 million at Ho Chunk Casino since October 2006.
Stoikes is living in a home for veterans and is being treated for brain damage caused by carbon monoxide poisoning, defense attorney Walt Isaacson said in January. On Thursday, Isaacson said Stoikes has overcome his memory issue and will be discharged from the home.
A preliminary hearing is scheduled Monday, March 11.
Stoikes is free on a $2,500 signature bond, according to online court documents. He faces $125,000 in fines or 50 years in prison.