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Olson is also a former president of ECG. The company is set to be auctioned in bankruptcy court on Jan. 23 with an opening bid of $7.5 million. The trustee in the bankruptcy case said Wednesday that Olson has already taken over and begun running the company from its Troy MI office.
ECG filed for Chapter 7 bankruptcy Jan. 9 in Los Angeles. Its parent, Los Angeles-based Axium International Inc., filed for bankruptcy on Jan. 8.