Another former executive of now-defunct e-scrap company 5R Processors has been sentenced to prison for a CRT-related crime.
E-scrap processor Kuusakoski has agreed to pay $6 million to settle a lawsuit demanding that it help clean up massive CRT stockpiles in Columbus, Ohio.
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.
Sony Electronics agreed to pay $1.2 million to settle allegations that the company is liable for CRT materials abandoned by Closed Loop Refining and Recovery.
After 13 years, Retroworks de Mexico will turn off the lights and shut the door next month. But the CRT processor was no failure. Continue Reading
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.
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.
Some of the world’s largest electronics manufacturers are now being sued over Closed Loop Refining and Recovery’s Ohio CRT stockpiles.