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.
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.
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 and reselling them in 2022 and 2023, representing a significant ITAD-related data breach.
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.
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.
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.
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.
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.
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.
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.