Systemax Suit Alleges Fiorentinos Stole Millions
Systemax has filed a lawsuit against the two brothers of former executive Gilbert Fiorentino, alleging that they conspired to steal millions of dollars in electronics, while also accepting trips and kickbacks, the Miami Herald reported earlier this month.
The suit for the first time reveals details of the allegations against Gilbert Fiorentino, who was CEO of Systemax's Technology Products Group and founder of TigerDirect, before resigning last year, as well as his two brothers Carl and Patrick, who were also executives at the company. The suit, according to the Herald, alleges "a long-term scheme to divert millions of dollars in company assets for their own personal use and the use of their family and friends."
Carl and Patrick are accused of stealing millions of dollars worth of inventory from the company, as well as taking family members on trips and accepting kickbacks from suppliers. Some of their alleged co-conspirators, including some low-level company employees and a vendor, are also being sued.
Gilbert Fiorentino, who agreed to a settlement with Systemax when he stepped down last year, is not a defendant in the lawsuit, although the suit refers repeatedly to a “former senior executive of TigerDirect,"