Judge OKs sale of trucking company assets

| 1/12/2006

A Connecticut judge has given the go-ahead for the sale of assets from American Crushing and Recycling.

The company has been under fire since one of its trucks caused a deadly accident that killed four people on Avon Mountain this past summer. David Wilcox, owner of the company, has been charged with attempted insurance fraud, attempted larceny and attempted conspiracy to commit larceny.

Wilcox is accused of attempting to reinstate insurance coverage for the truck after the crash had taken place.

Though no date has been set, Matthew Beatman, the attorney who the court appointed as receiver for the case, told The Associated Press that the auction could raise as much as $1.4 million.

After fees and the company’s creditors are paid, that will leave between $300,000 and $500,000 available for victims of the crash, Beatman said.

A former employee of the company testified in court on Tuesday, Jan. 10, that files were removed and documents shredded in the wake of the crash, The AP reported.