Processor with broad hopes now mired in bankruptcy and lawsuits
A North Carolina company that once hoped to establish e-scrap recycling across the U.S. using a franchise system now finds itself in bankruptcy and embroiled in a series of legal disputes.
The fights in court include allegations the company's founders helped produce knock-off equipment and used investor money to fuel a NASCAR career for a son of one of the executives.
Zloop, the processing company at the center of the case, has denied wrongdoing and says it was swindled by an equipment provider and sales agent.
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