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Tag Archives: courts/lawsuits

Guilty pleas in surplus equipment disposal scheme

Published: July 24, 2025
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Monitors collected for recycling.

The scheme revolved around disposing of high-value electronics as scrap for recycling, and then reselling the devices for their higher market values. | Koy Hipster/Shutterstock

Three individuals have pleaded guilty to a scheme through which used electronics from The Ohio State University were artificially undervalued and disposed of as “scrap,” only for the downstream vendors to turn around and sell them for higher values and pay kickbacks to the manager of the university’s surplus department. Continue Reading

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Li-Cycle files for bi-national bankruptcy, seeks buyer

Published: June 26, 2025
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Li-Cycle has filed for bankruptcy in both Canadian and American courts after a tumultuous few years. | Around The World Photos/Shutterstock

Canadian battery processor Li-Cycle filed for bankruptcy, after warning for months of impending financial trouble, and is continuing to try to find a buyer that will allow it to continue operations. Continue Reading

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High costs, lack of buyers stall Camston Wrather bankruptcy

Published: April 3, 2025
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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

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US circuit board processor files for bankruptcy

Published: February 20, 2025
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Closeup of electronic circuitboard.

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

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ITAD employee admits to stealing and reselling devices

Published: February 13, 2025
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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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Wisconsin CRT stockpile: ‘Like a bomb went off’

Published: December 12, 2024
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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

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Former e-scrap CEO loses federal appeal

Published: September 12, 2024
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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

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Closed Loop CRT settlements in Arizona reach $10.8 million

Published: June 13, 2024
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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

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Nonprofit director sentenced for e-scrap grant fraud

Published: April 11, 2024
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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

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