The Pulse of ITAD: Plaintiff in ITAD Processor Lawsuit Now Facing Criminal Charges
Published OnOctober 9, 2020
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.
You can read more on this story here:
This underscores the importance of dealing with reputable and compliant ITAD providers like Iron Mountain.
Stay safe!