Ex-TigerDirect Prez Charged In $230M Kickback Scheme

Law360, Los Angeles (June 18, 2013, 4:11 PM ET) -- The former president of consumer electronics seller TigerDirect Inc. has been charged with mail fraud, wire fraud and money laundering for allegedly steering $230 million into companies that paid him bribes and kickbacks, according to an indictment unsealed Tuesday in New York federal court.

Carl Fiorentino is accused of accepting $7 million in commercial bribes and kickbacks from California and Taiwanese companies in connection with a scheme to defraud TigerDirect and its parent company Systemax Inc. He was arrested on Tuesday in Coral Gables, Fla., and...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers