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Masterminding a $27m fraud
- Shamed former Systemax execs Gilbert and Carl Fiorentino were last night sentenced to five and six years in the slammer respectively for masterminding a $27m fraud when employed at the company. The Feds charged them in November with taking kickbacks from components suppliers in exchange for steering business to them, and with tax evasion.
www.theregister.com/2015/03/04/fiorentino_brothers_jailed_systemax_fraud_27m/Ex-Systemax execs Carl & Gilbert Fiorentino jailed over $27m ...
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Mar 4, 2015 · Gilbert Fiorentino was a director of Systemax and was the Chief Executive Officer of its Technology Product Group, including its subsidiary TigerDirect. Carl Fiorentino was the former...
Mar 3, 2015 · U.S. District Judge Jose E. Martinez handed Carl Fiorentino, 57, a prison term of over six years, while 55-year-old Gilbert Fiorentino got five years behind bars.
Mar 3, 2015 · Gilbert Fiorentino pleaded guilty to a conspiracy charge, while Carl Fiorentino pleaded guilty to both fraud conspiracy and tax evasion.
Mar 16, 2015 · As senior executives of Systemax and TigerDirect, Gilbert Fiorentino and Carl Fiorentino had responsibility for, among other things, purchasing and sourcing hundreds of millions of dollars’ worth of computer and electronics items for Systemax and its various operations.
Shamed former Systemax execs Gilbert and Carl Fiorentino were last night sentenced to five and six years in the slammer respectively for masterminding a $27m fraud when employed at the company.
Jul 6, 2015 · As senior executives of TigerDirect, Gilbert Fiorentino and Carl Fiorentino had responsibility for purchasing and sourcing hundreds of millions of dollars-worth of computer and electronics items for Systemax and its various operations.
Jul 6, 2015 · Carl Fiorentino received in excess of $9.5 million in kickbacks; Gilbert Fiorentino received more than $600,000 in kickbacks including, among other things, approximately $200,000 in gold coins. In addition, as a part of the scheme, both misappropriated Systemax merchandise.
