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The Pulse of ITAD: Plaintiff in ITAD Processor Lawsuit Now Facing Criminal Charges

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In July, a former 5R Processors executive alleged he was the victim of a fraud…

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.  A grand jury convened in Madison, Wis. returned an indictment against Kevin Shibilski, 59, of Merrill, Wis, who at one point was CEO of 5R. Shibilski is also a former Wisconsin state legislator, a Democrat who served in the Wisconsin Senate from 1995 to 2002.  Shibilski faces one count of knowingly storing and disposing of hazardous waste without a permit, eight counts of wire fraud, and one count of conspiracy to defraud the IRS.

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This underscores the importance of dealing with reputable and compliant ITAD providers like Iron Mountain.

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