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Tag Archives: CRTs

Former president of CRT processor sentenced to prison

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Court gavel resting on a book.

For years, 5R stockpiled millions of pounds of CRT glass in two states – and hid the violations from regulators and auditors – before the company failed. | Evlakhov Valeriy/Shutterstock

After admitting to his role in a CRT-stockpiling scheme and his company’s legal troubles, an executive at defunct 5R Processors has been ordered to serve 18 months in prison.

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Plaintiff in processor lawsuit now facing criminal charges

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Judge holding a gavel.

Kevin Shibilski is the latest former leader of 5R Processors to face criminal charges. | Tridsanu Thopet/Shutterstock

In July, a former 5R Processors executive alleged he was the victim of a fraud scheme perpetrated by other 5R leaders and a local bank. Now, that former CEO has been indicted on federal criminal charges.

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CompuPoint agrees to recycle CRTs to settle lawsuit

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CRTs stacked high

Electronics recycling company CompuPoint USA will collect, ship and recycle CRT material from abandoned Closed Loop sites as part of a court settlement. | Oleksandr_Delyk/Shutterstock

An e-scrap company will take back and recycle the millions of pounds of CRT materials that it originally shipped to Closed Loop Refining and Recovery, under a recently disclosed settlement agreement.

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