E-waste firm convicted of falsely promising to recycle in the US

Executive Recycling sent CRTs to China and other countries, contrary to the company's marketing, the DOJ says

By , IDG News Service |  Security

Executive Recycling faces a US$500,000 fine per count for seven wire fraud counts, or twice the gross gain or loss.  The company faces a conviction for one count of failure to file notification of intent to export hazardous waste, which carries a penalty of a $50,000 fine per day of violation, or twice the gross gain or loss. The company also faces one count of exportation contrary to law, which carries a penalty $500,000 fine or twice the gross gain or loss.

       

Richter and Olson each face seven counts of wire fraud, each count of which carries a penalty of up to 20 years in prison and a $250,000 fine. They face one count of exportation contrary to law, which carries a penalty of up to 10 years in prison, and $250,000 fine or twice the gross gain or loss. 

Richter also faces one count of destruction, alteration, or falsification of records in federal investigations and bankruptcy, which carries a penalty of up to 20 years in prison and a fine of up to $250,000. 

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's e-mail address is grant_gross@idg.com.

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