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
The investigation began when a large amount of e-scrap, including televisions and CRT monitors, was reported abandoned in Seneca County, N.Y. | Aerial Mike/Shutterstock
Several recyclers have been formally convicted in New York state for illegally processing and disposing of hundreds of tons of e-scrap, the result of an investigation that started in 2015. Continue Reading
Warehouse owners in Phoenix have sued dozens of e-scrap companies to try to force them to help pay for the cleanup of abandoned CRT glass. | Google Maps
Four e-scrap companies agreed to pay a combined $937,000 to fund a portion of the cleanup of over 100 million pounds of CRT materials in Phoenix. Continue Reading
On top of the debt held by T-Mobile, Belmont Trading owes money to a shareholder, the U.S. Small Business Administration and several OEMs, according to a court filing from the company. | Nuangthong/Shutterstock
On Friday, T-Mobile asked a judge to order Belmont Trading to pay the $6.08 million that the wireless giant says it’s owed. On Tuesday, Belmont Trading filed for bankruptcy protection. Continue Reading
Internal investigations at Aurubis estimate that the value of the stolen material is in the “low, three-digit-million-euro range.” | Foto-select/Shutterstock
Copper recycler Aurubis says an audit that’s underway will reveal just how much valuable metal has been stolen from its Hamburg, Germany smelter. It could be hundreds of millions of dollars worth. Continue Reading
LCD tubes recovered from 5R’s Ladysmith, Wisc. facility. | Courtesy of the Wisconsin Department of Natural Resources
At his current rate, the former CEO of 5R Processors will fully pay off his $2 million in court-ordered e-scrap abandonment restitution in roughly 1,200 years. Knowing that, Wisconsin lawmakers just approved allocating another $2 million in public funds to clean up the mess. Continue Reading
A patent dispute over screens may have wider implications for both consumers and the electronics repair industry. | Leszek Kobusinski/Shutterstock
A complaint to the U.S. International Trade Commission by one of the world’s biggest smartphone companies seeks to halt imports of some aftermarket screens into the U.S., threatening the supply of parts to independent repair shops. Continue Reading
Kevin Shibilski will serve just under three years of prison time and pay almost $200,000 for failing to pay taxes. | Drazah/Shutterstock
Kevin Shibilski, who led Wisconsin-based 5R Processors, was sentenced to 33 months in prison for a tax crime. The action was part of a plea deal that resulted in prosecutors dropping CRT-related charges.