back to article Ex-Systemax execs Carl & Gilbert Fiorentino jailed over $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 …

  1. NBCanuck

    Punishment fitting the crime?

    I'm glad they they are doing jail time, but I would also like to have heard about their assets being seized (proceeds of crime). There are a lot of people who would gladly do 5 years in exchange for all of the wealth these two acquired during their spree.

    1. The Godfather

      Re: Punishment fitting the crime?

      The restitution hearing will determine this. Question one must ask is how unique is this? in other words, is this a common theme in supply chain orchestration?

      1. Mark 85 Silver badge

        Re: Punishment fitting the crime?

        It would seem to be fairly common. I worked at a place about 30 years ago that replaced everyone in purchasing on the average of every two years. Seems kickbacks were frowned upon yet they took them.

  2. Richard Taylor 2
    Facepalm

    I am so dissapointed

    Three expressos in and I read this as Fiorina....

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