Brothers Agree To $3M Restitution For Systemax Fraud

Law360, Miami (June 8, 2015, 7:54 PM EDT) -- Two former senior executives for consumer electronics retailer TigerDirect Inc. and its parent Systemax Inc. agreed Friday to pay $3 million in restitution for their roles in a multimillion-dollar kickback scheme with foreign suppliers and subsequent tax evasion.

Former TigerDirect President Carl Fiorentino and his brother, former Systemax Director Gilbert Fiorentino, agreed to $3.06 million in restitution based on legal fees and costs and additional pre-judgment interest, according to a notice filed with the court.

The brothers could not, however, reach a deal with the government...
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Case Information

Case Title

USA v. Fiorentino


Case Number

1:14-cr-20854

Court

Florida Southern

Nature of Suit

Date Filed

November 20, 2014

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