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Former TigerDirect President Indicted In $230 Million Laundering Scheme

Posted by timothy on from the my-washer-won't-even-hold-that-much dept.

McGruber writes "Carl Fiorentino, known to many slashdotters for his regular hyperbole-filled emails advertising 'unbelievable' blowout pricing on memory, storage, other components, and overclocker specials, has been indicted in New York federal court on seven counts of fraud and money laundering charges. Fiorentino allegedly took more than $7 million in bribes and kickbacks in exchange for steering more than $230 million in business to the Taiwanese and California companies that made the payments."

3 of 109 comments (clear)

  1. Re:Throw the Book by Anonymous Coward · · Score: 5, Insightful

    You're kidding right? Don't you know that every Fab manager in Asia does extra runs of chips under that table and sells them on the gray/black markets? Even large companies like Qualcomm know this, and they look the other way because they want the cheap chip production.

    Every public company is operating against the interests of their common employees, and FOR the interests of their upper management / board of directors (and indirectly the stockholder). Know this and you will be less confused as your buying power is slowly eroded to nil.

  2. Re:Not surprising by Like2Byte · · Score: 2, Insightful

    for what i still have no idea

    Exactly, you have no idea. Here's the likely explanation: trespassing. ...

    You're adding more conjecture to his conjucture? Interesting.

  3. Re:Throw the Book by Anonymous Coward · · Score: 3, Insightful

    Either it's all okay or it's all bad.

    There is plenty of middle ground. Some places realize that some kinds of meetings will span meal times and that meals are included in some functions, so allow meals to be covered, with some cap on price, others allow small gifts up to a certain value to help with allowing samples and simple tools to be given. Others can allow more, but require things to be declared, so that if there is a problem it gets stopped right away and the interference is more clear. As long as things are open and known, it is a little easier to just apply some common sense instead of needing to go an all or nothing approach.