Camston Wrather owes creditors more than $100 million, according to the bankruptcy trustee. | Photo Lab/Shutterstock
The trustee overseeing circuit board processor Camston Wrather’s bankruptcy has asked the court to dismiss the case altogether, saying that no buyers are interested in a full-facility sale, cash reserves are drying up fast, and parting it out for specific equipment sales will not provide meaningful recovery for creditors. Continue Reading
The California-based company developed printed circuit board processing technology and owned ITAD firm Stream Recycling Solutions. | Raigvi/Shutterstock
Camston Wrather, a California-headquartered company that developed printed circuit board processing technology and owned ITAD firm Stream Recycling Solutions, filed for Chapter 7 bankruptcy this month, indicating the company will liquidate its assets to pay creditors. Continue Reading
The thefts involved laptops, tablets, smartphones and more, retired from government agencies and contractors. | Suttirat Wiriyanon/Shutterstock
A driver who worked on IT asset disposition jobs at Wisetek recently pleaded guilty to stealing assets – including sensitive federal government devices – during disposition jobs in 2023, representing a significant ITAD-related data breach.
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Electronics were stockpiled inside a dilapidated Wisconsin warehouse for 10 years but are finally being removed. | All photos courtesy City of West Bend
Sandwiched between a quiet residential neighborhood and a tree-lined multi-use trail, a 10-year-old cathode ray tube and assorted e-scrap stockpile in West Bend, Wisconsin, is finally being removed and disposed of at an estimated cost of $3.2 million. Continue Reading
A federal judge recently ruled that Kevin Shibilski, a former executive at 5R Processors, was appropriately sentenced. | Proxima Studio/Shutterstock
A federal judge recently rejected an appeal by the leader of failed Wisconsin e-scrap firm 5R Processors, who is currently serving a sentence for tax crimes. Continue Reading
Photo illustration by Tori Maier-Mahaffy with photos from EnSafe and Resource Recycling, Inc.
As of June 2024, Arizona landlords of former Closed Loop sites have recovered $10.8 million toward the cost of cleaning up CRT stockpiles left by the company. | Photo from a cleanup plan prepared by Wood Environment & Infrastructure Solutions.
A number of processors that supplied cathode ray tube glass to multiple Arizona warehouse locations leased by failed downstream outlet Closed Loop Refining and Recovery have settled in a major lawsuit filed by the landlords of the property. Continue Reading
The nonprofit leader submitted false documents, including altered check images and fictitious invoices, to secure funds. | Proxima Studio/Shutterstock
The former head of a Nebraska nonprofit will serve four months in prison after she admitted to submitting fraudulent documents to secure public grant funds meant for electronics recycling collection events. Continue Reading
E-Waste Corporation’s stock price surged by nearly 20,000% as a result of fraudulent stock manipulation, according to the Securities and Exchange Commission. | Olivier Le Moal/Shutterstock
A man has pleaded guilty for his role in a stock manipulation scheme that artificially inflated the value of E-Waste Corporation, an unsuccessful electronics processing startup, to $120 million, despite the company having no operations or revenue. Continue Reading
The legal settlements were the latest in the Closed Loop Refining and Recovery CRT abandonment case in Phoenix. | Justin Pinkney/Shutterstock
Three e-scrap companies will pay a combined $2.2 million to help fund the cleanup of millions of pounds of CRT materials abandoned by Closed Loop Refining and Recovery in Phoenix. Continue Reading