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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."

74 of 109 comments (clear)

  1. Throw the Book by mfh · · Score: 3

    Just throw the book at this guy. He's scum. This is precisely what's wrong with the corporations on our planet and there has to be some kind of accountability, not that it would do much good in convincing CEOs to play a fair game. It seems everyone is cutting corners these days.

    That is NOT how you grow a brand.

    --
    The dangers of knowledge trigger emotional distress in human beings.
    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:Throw the Book by dickplaus · · Score: 5, Funny

      Let me explain to you how this works: you see, the corporations finance Team America, and then Team America goes out... and the corporations sit there in their... in their corporation buildings, and... and, and see, they're all corporation-y... and they make money.

    3. Re:Throw the Book by Anonymous Coward · · Score: 1

      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.

      Sigh. From TFA:

      He allegedly used the kickbacks to buy an $8 million residence in Coral Gables, Fla., furnishings for the home and pay his credit card bills, as well as pay for tennis coaching and the use of a hip-hop production company. “Fiorentino had it all — a lucrative job and a high-flying lifestyle,” said Loretta E. Lynch, U.S. attorney for the Eastern District of New York, in a statement. “But his loyalties were neither to his employer nor its public shareholders but solely to himself,” she said.

    4. Re:Throw the Book by tompaulco · · Score: 2

      Sigh. From TFA:

      He allegedly used the kickbacks to buy an $8 million residence in Coral Gables, Fla., furnishings for the home and pay his credit card bills, as well as pay for tennis coaching and the use of a hip-hop production company. “Fiorentino had it all — a lucrative job and a high-flying lifestyle,” said Loretta E. Lynch, U.S. attorney for the Eastern District of New York, in a statement. “But his loyalties were neither to his employer nor its public shareholders but solely to himself,” she said.

      Yes, and everybody that has an American Express Corporate card uses their reward points only for business related activities, and when they visit a client and are offered lunch always politely refuses. Kickbacks exist from the janitor to the CEO. Either it's all okay or it's all bad.

      --
      If you are not allowed to question your government then the government has answered your question.
    5. Re:Throw the Book by cellurl · · Score: 1

      Dell did the same thing. Siemens did the same thing. What do you propose?

    6. Re:Throw the Book by DragonTHC · · Score: 1

      how is anyone surprised that the Type A personality was selfish?

      --
      They're using their grammar skills there.
    7. Re:Throw the Book by stenvar · · Score: 1

      This isn't about TigerMax doing anything; it's about an employee of TigerMax cheating his employer.

    8. 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.

    9. Re:Throw the Book by Yakasha · · Score: 1

      Just throw the book at this guy. He's scum. This is precisely what's wrong with the corporations on our planet and there has to be some kind of accountability, not that it would do much good in convincing CEOs to play a fair game. It seems everyone is cutting corners these days.

      That is NOT how you grow a brand.

      Don't be so quick to judge. You don't know the details of the case. I'm willing to bet you don't even know which Federal statues were allegedly violated. All you have are prosecutor's comments.

      The feds have a 96% conviction rate in these types of cases. 90% of all their convictions are via plea deal. This is not because they are so good at finding criminals, but because many of the laws allegedly violated by these "scum" are so vague and wide-ranging that they are impossible to defend. Of the non-plea deal cases, many are thrown out by the time they get to appeal due to the vagueness of the laws, or improper jury instructions given by judges that misinterpret the laws.

      I encourage you to read Three Felonies a Day to get an idea of what the other side of the coin looks like.

    10. Re:Throw the Book by mfh · · Score: 1

      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?

      It's a logical fallacy to assert something is okay because others are doing it. If something is done by EVERYONE, and the result is GOOD for society, then that action is morally good. If something is done by EVERYONE and the result is BAD, then that action is morally bad.

      Every public company is operating against the interests of their common employees

      Stop buying things from public companies.

      --
      The dangers of knowledge trigger emotional distress in human beings.
  2. so by WGFCrafty · · Score: 4, Interesting

    So he laundered 7 million in kickbacks from steering $240 million in business, not a $240 million dollar money laundering scheme. Too bad he's not HSBC, the only government authorized money launderer.

    1. Re:so by fustakrakich · · Score: 1

      I didn't know HSBC was part of the Fed... Oh wait, which government are we talking about?

      --
      “He’s not deformed, he’s just drunk!”
    2. Re:so by bill_mcgonigle · · Score: 1

      Oh wait, which government are we talking about?

      Let me issue and control a nation's money and I care not who writes the laws. - Mayer Amschel Rothschild

      --
      My God, it's Full of Source!
      OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
  3. Just call him Wile E. Cayote... by Anonymous Coward · · Score: 1

    Super Genius-- gets $7mm in kickbacks, buys $8mm house... hmmm..... give me $7mm and I'm set for life, dammit.

  4. Not surprising by sl4shd0rk · · Score: 2

    Pretty much the norm these days, and not just in the US but everywhere. People in places of unbalanced power breaching the law. He will not do the kind of "time", as you or I, if found guilty.

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    1. Re:Not surprising by Connie_Lingus · · Score: 2

      yeah,,,i was in vegas recently and a homeless-looking guy was just pulling a 6-pack out of the cooler when a store employee grabbed him and called the cops. he hadnt even left the store yet. i actually walked over and offered to buy the beer for the guy just dont get him arrested. they would not let me 5 minutes later the cops come and arrest the guy...for what i still have no idea.

      the point? that guy will probably do more time in jail then Carl will...oh yeah American justice sure.

      --
      never bring a twinkie to a food fight.
    2. Re:Not surprising by ScentCone · · Score: 2, Interesting

      for what i still have no idea

      Exactly, you have no idea. Here's the likely explanation: trespassing. The store is private property, and the guy has probably been told to stay out because of earlier incidents. If you've been formally told you're not allowed in the store, and come in anyway, that's trespass. And it is a crime, and you get arrested for it. And no, it's probably not going to mean jail time unless you are a real ass and just keep doing it over and over again.

      Which has nothing to do with money laundering and the way it's prosecuted.

      --
      Don't disappoint your bird dog. Go to the range.
    3. 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.

    4. Re:Not surprising by ScentCone · · Score: 1

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

      No, I'm pointing out a common reason for exactly what he witnessed, as opposed to his vague handwaving and comparing of two utterly unrelated things.

      --
      Don't disappoint your bird dog. Go to the range.
    5. Re:Not surprising by Anonymous Coward · · Score: 1

      A possible counterexample is not necessarily proof that the counterexample is how it happened, but it is pretty solid suggestion that the original interpretation isn't certain.

    6. Re:Not surprising by Connie_Lingus · · Score: 2

      unrelated? really i was commenting on the post where the person said CF will probably not do any time in prison...my comment had to do with the way America's legal system is constructed nowadays where two men can both commit crimes, one for basically zero dollar damage and one for millions, yet the jail industrial complex will make the zero dollar one actually suffer in jail.

      btw obviously i agree with the poster...CF will hire super lawyers and skip and thru the process...the homeless looking guy wont.

      --
      never bring a twinkie to a food fight.
    7. Re:Not surprising by ScentCone · · Score: 2

      Quite unfair to the guy

      Unless, as is very often in the case in retail settings - especially where packaged alchohol is sold, he'd been previously told that he wasn't allowed on the premises. That scenario makes subsequent arrival in the store trespass, immediately.

      Let's say there's someone who comes to your front door and does stuff you don't like, on your property. You tell them to leave, and that the next time they set foot on your property, they'll be trespassing. If he shows up again, you can call the police and tell them exactly what's going on, and they can arrest. Especially (as is frequently the case with the sort of guy described, in the sort of business described) when the cops - by virtue of having to deal with the same people on a regular basis - already know the person in question isn't allowed to trespass.

      --
      Don't disappoint your bird dog. Go to the range.
  5. maybe their prices will FINALLY come down then by slashmydots · · Score: 2, Informative

    I'm so sick of TD always being 1-5% more expensive than Newegg when they ship almost everything from 1 state away in 1 day for ground charges and newegg ships from 3 locations that all take 4+ days to get to my state. I have a residential and business account at both and always wondered why, even at my volume for my business, TD just can't seem to get their crap together and lower their prices. They buy from the same places as Newegg! Well, this explains it. Hopefully now this asshole's replacement will pick from the cheapest supplier instead of one bribing him and lower TD's prices to compete with Newegg.

    1. Re:maybe their prices will FINALLY come down then by BForrester · · Score: 1

      I've also found the prices, with shipping, to be less than competitive. However, I also live 5 minutes away from a TD retail location, and their prices -- when shipping isn't part of the equation -- are consistently 10-15% cheaper than any other option in my region, whether online or brick and mortar.

    2. Re:maybe their prices will FINALLY come down then by slashmydots · · Score: 1, Interesting

      I have a dedicated rep that I talk to whenever I need to make an order (business account feature only). She tells me if it is actually in stock, how many, which warehouse, and real shipping times. Also, she informed me that if the item number starts with YY that means that it's being drop-shipped from a completely different company that's a "partner" with them and it could take many more days or run into strange backorder problems.

      I have noticed that a lot of items are held in relatively low stock at their own warehouses. Like one time I asked how many of a common Pentium G-series CPU there were and there like like 30. I would have thought 1000 at their sales volume level. She seemed to think that they purposely ride it pretty tight because their vendors can renew their inventory very quickly and also to prevent part depreciation from holding it too long in between purchases.

    3. Re:maybe their prices will FINALLY come down then by tocsy · · Score: 2

      So you're saying that you're sick of TigerDirect shipping more quickly than Newegg for slightly more money? It sounds to me like they're offering something that their competition isn't, and they're charging a little more for it.

      I don't care either way - I switch between them both depending on who's cheaper for the component I'm buying - and I HAVE gotten stuff cheaper on TigerDirect than Newegg.

    4. Re:maybe their prices will FINALLY come down then by gl4ss · · Score: 1

      that doesn't really explain it. he just laundered a a part of his profit margin, it's just tax evasion(if anything it was why their prices were comparable).

      what explains is this: they got faster shipping so they still get your business even if they're not the cheapest.

      --
      world was created 5 seconds before this post as it is.
    5. Re:maybe their prices will FINALLY come down then by slashmydots · · Score: 1

      I just coincidentally live closer to their primary warehouse in Illinois while Newegg is on each coast and that's it. TD didn't locate close to me on purpose, lol.

    6. Re:maybe their prices will FINALLY come down then by Joe_Dragon · · Score: 1

      you can pick up from the store that is part of the warehouse in Naperville il

    7. Re:maybe their prices will FINALLY come down then by Joe_Dragon · · Score: 1

      Go to Naperville but IL 59 sucks at least it will be 3 lanes each way soon.

    8. Re:maybe their prices will FINALLY come down then by ganjadude · · Score: 1

      really? I always compare newegg and TD (and simetimes check outpricewatch) and for my items anyway TD tends to be cheaper 9 times out of 10

      --
      have you seen my sig? there are many others like it but none that are the same
  6. Was I the only one? by TWiTfan · · Score: 5, Interesting

    Was I the only one who always always found TigerDirect to be kind of sleazy? I mean, even back *years* ago, they always reminded me of those skeevy camera stores that are notorious for false advertising and bait-and-switch deals.

    --
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    1. Re:Was I the only one? by freeze128 · · Score: 2

      No, I also thought it was suspicious. They were always advertising on TV. I have never seen a NewEgg TV commercial. It's rare that companies in this industry advertise on television. Usually, they go where the market is: The internet, or trade magazines. If you advertise on TV, then you start to get Mr Joe Everyday ordering computers and components, and he doesn't know anything about it. My dad would always show me ads from TigerDirect and ask me if I thought it was a good deal. Now, I know why....

    2. Re:Was I the only one? by Elbereth · · Score: 1

      Ever since the early days, there has been a loud minority of people proclaiming that Tiger Direct is run by scammers. This reputation has kept me from ever buying anything from them. If these allegations are true, then maybe Tiger Direct does deserve that reputation.

    3. Re:Was I the only one? by ArhcAngel · · Score: 1

      As a long time patron of Tiger Direct I understand what you are referring to regarding their marketing but I have never had anything but excellent experiences with their web store. ( The more recent retail outlets are a different matter.) I have had a few defective parts over the years and I HATE dealing with returns but TD always made it as painless as possible for me and never questioned the return. I'd say all of the systems I have built have included at least one part sourced through them. It doesn't speak to Fiorentino's actions but more to the company overall. Their rebate scandal a few years back was unfortunate (I don't know any company who's rebate program isn't designed to make it hard to redeem) but I will continue to do business with them as long as they continue to be a good source. That doesn't mean I don't check Newegg and Monoprice before I proceed to checkout.

      --
      "A person is smart. People are dumb, panicky dangerous animals and you know it." - K
    4. Re:Was I the only one? by bws111 · · Score: 1

      These allegations have nothing to do with the company, it's customers, or any scam against it's customers. It is about an employee of the company who defrauded the company.

    5. Re:Was I the only one? by Anonymous Coward · · Score: 2, Informative

      It's true. They don't even sell tigers.

    6. Re:Was I the only one? by Tsiangkun · · Score: 1

      I never ordered from TigerDirect. The prices were good. Too good. I was always concerned I was missing something and would get genuine Kingsten memory, or a sweet Inntel Processor.

    7. Re:Was I the only one? by avandesande · · Score: 1

      Was this back when Microsoft was getting sued for including a browser with their operating system?

      --
      love is just extroverted narcissism
    8. Re:Was I the only one? by FrothyBitter · · Score: 2

      Nope, I always thought of them as extremely sleazy despite having zero corroboration. My brother buys from them all the time, the stuff comes in a very timely fashion and exactly as represented. One time, about 5 years ago, I even broke down and ordered a 500 watt modular power supply with 2 lighted fans and a bluish chrome finish for 20 bucks. I was sure there was a catch to this deal. Absolutely positive. A couple days later the power supply came, and it was super nice quality. It came with so many modular cords that I didn't even use half of them, and the cords were super nice quality as well: wires wrapped in a tube of cross stitch metal shielding, sealed in a colored translucent rubber tube. Bottom line, I got a power supply that would have cost over twice as much on sale anywhere else, that has been running nearly 24/7 for over 5 years now.

      I never ordered anything from them again, because for some reason I just could never shake the shady feeling I get from them.

  7. CEO by Jaysyn · · Score: 1

    He'll never see the inside of a prison for his crimes.

    --
    There is a war going on for your mind.
  8. Got busted, eh? by Rod+Beauvex · · Score: 1

    Someone didn't get paaiid!

  9. Used to be a SYX shareholder by Paddy_O'Furniture · · Score: 2

    I have been purchasing from TD for years and was so pleased with them that I bought shares in SYX. This was before Carl starting showing his ugly mug in some of the advertising. My first reaction to seeing him in the ads was "sleazeball". I hope Carl burns but that TD doesn't suffer by association.

    --
    âoeNever underestimate the difficulty of changing false beliefs by facts.â â" Henry Rosovsky, Harvard ec
  10. Tigerdirect is the victim here by Spy+Handler · · Score: 1

    and the consumer to some extent... but of course the consumer could always just buy from Newegg.

    Similar case involving Frys: company executive steers business to certain vendors in exchange for kickbacks

    1. Re:Tigerdirect is the victim here by cdrudge · · Score: 1

      I find the picture in that article funny due to his frown, and the ad right below it to get the "smile you always dreamed of".

    2. Re:Tigerdirect is the victim here by LehiNephi · · Score: 1

      What was odd about the Fry's case was that many of the companies that got that business were actually lower-cost suppliers, like ECS. Right after that case broke, Frys stopped doing the really good CPU/Motherboard deals. So customers actually ended up worse off when they caught the guy.

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  11. They should also jail by phorm · · Score: 1

    Whoever it is that makes those awful "Black Friday in April", "May Black Friday" etc etc ads.
    I don't mind being notified about stuff on sale, but there is only one Black Friday, it's a specific event, and all the other idiotic ads just insult the intelligence of anyone who receives the emails (that, and the sales tend to suck).

    1. Re:They should also jail by west · · Score: 1

      there is only one Black Friday

      Heh. "Black Friday" is a piece of marketing fluff that accidentally happened to catch on. Trying to lend it gravitas beyond that is just silly.

    2. Re:They should also jail by Karzz1 · · Score: 1

      undoing accidental mod -- f'n slashdot, pick a mod method already!!!

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  12. In case you're wondering... by slashmydots · · Score: 5, Informative

    They own: Tiger Direct, Tiger Direct B2B, Systemax, Infotel Distributors, Ultra, Global Industrial, Nexel, Misco, Speedgifter, WorldWide Rebates, Comp USA, and believe it or not, Circuit City.

    1. Re:In case you're wondering... by Gothmolly · · Score: 1

      Ah yes, the illusion of choice. It was found that over 99% of the subjects would accept it, provided that they thought they had a choice.

      Like the US Governmental system.

      --
      I want to delete my account but Slashdot doesn't allow it.
  13. Re:Fiorentino? by trum4n · · Score: 1

    i know! i freakin loved him! I sure love his company. maybe newegg is in on this?

  14. OT: My LAST experience w/ TigerDirect by GodfatherofSoul · · Score: 2

    I was looking for a RAID enclosure for my little VM setup. What I got was a hard drive array (basically a port extender) with a RAID card thrown in. I went back to look at the advertisement to see how I got it wrong, and the ad used very deceptive wording about "additional items" included. Very shady and one of those transactions that evaporates any trust you might have in a vendor.

    --
    I swear to God...I swear to God! That is NOT how you treat your human!
    1. Re:OT: My LAST experience w/ TigerDirect by tibman · · Score: 1

      1 star that thing so nobody falls into it after you.

      --
      http://soylentnews.org/~tibman
  15. Not MOney Laundering by jekewa · · Score: 1

    I'm no lawyer, and never played one on TV, but that doesn't sound like money laundering, but rather payola.

    If I RTFA correctly, he received money from companies in exchange for steering business to them. Kind of like a beer company giving a bar a neon light or posters or other discount in exchange for trying to get their customers to buy that brand of beer...

    Money laundering would be taking illegally gained funds and turning them into legal appearing funds by funneling them through (seemingly) legitimate business. There's probably that, too, as I'm sure at some time some drug dealer or pickpocket or other hooligan bought a crappy MP3 player from tigerdirect.com at some time...

    --
    End the FUD
    1. Re:Not MOney Laundering by swb · · Score: 1

      It's completely clear why this "steering" is illegal. I thought that's largely what sales WAS -- steering to company A over company B for reasons beyond simple differences in product quality or cost.

      I have to believe that this goes on all the time, everywhere. I used to get free lunches and unsolicited trinkets from vendors all the time. I never changed my buying habits based on this, but maybe for $7 million I might.

      I get why steering is undesirable from an economic perspective -- it's a huge economic inefficiency, but then again, so is paying your CEO a billion dollars when the company loses money. I also get why businesses would fire you if they found you doing it, but then again, they might fire you for not showing up to work, yet that isn't a crime, either.

      About the only argument that makes sense is that it is "stealing" indirectly, but this would seem to depend on the product being purchased at meaningfully inflated prices versus simply from the lowest cost vendor. Even when products are identical, it often makes sense to choose a higher priced supplier for service or other reasons.

      At some point, while I agree it is shady and not an ideal practice, it kind of seems like it's illegal because business management doesn't like it or get a piece of it, not because it represents material harm.

    2. Re:Not MOney Laundering by swb · · Score: 1

      Oops, that should read "It's NOT completely clear..."

    3. Re:Not MOney Laundering by bws111 · · Score: 1

      Of course there is harm. If a vendor is willing to offer rebates because of volume (nothing illegal about that), then that rebate money belongs to the company. The employee keeping the money (and not informing the company) is fraud.

    4. Re:Not MOney Laundering by IndustrialComplex · · Score: 1

      At some point, while I agree it is shady and not an ideal practice, it kind of seems like it's illegal because business management doesn't like it or get a piece of it, not because it represents material harm.

      The reason it is illegal is fiduciary responsibilty. What it boils down to is this: The people who own the company have hired this person to make business decisions which will maximize the profit (or maximize whatever specific metric was defined as his responsibility). When someone with a fiduciary responsibility takes a bribe, they are basically conspiring with the bribing entity to steal a money from the shareholders/business owner and taking a cut of that stolen money in the form of the bribe.

      ie: You give me $100 and tell me to go get the best value widget on the market. I determine that widgets should cost $50. Company A offers the widget for $50 and Company B offers the widget for $80.

      Company B offers a bribe of $20 dollars if I choose their $80 widget. This provides for $10 pure profit for company B over the base widget value, and $20 for me by accepting.

      However, that $30 difference was $30 that was effectively stolen from you when the decision was made to not select the appropriately priced $50 widget.

      The value of the bribe, plus the cost difference between comparable products is pure theft from the people whose money the bribe receiver was entrusted to manage.

      That's why it is illegal, and unethical.

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    5. Re:Not MOney Laundering by swb · · Score: 1

      The assumption here is that the bribe is always paid by a company offering substantially above-market pricing for commodity products and that the price differential between fair market prices and bribery prices pays the bribe.

      I would argue that this form of kickbacks is much less common and less likely to happen. There almost always is intense scrutiny of costs and substantive overpricing will almost always be noticed, especially on recurring products.

      I think kickbacks are probably more common in situations where pricing is opaque (complex and one-time transactions) and where pricing is relatively equal and the value to the kickback payer isn't in the increased margin but in the increased volume or market share.

      In the situation where pricing is equal, it's hard to see where the crime is because the company doing the purchasing has nothing to gain or lose switching between vendors.

    6. Re:Not MOney Laundering by IndustrialComplex · · Score: 1

      In the situation where pricing is equal, it's hard to see where the crime is because the company doing the purchasing has nothing to gain or lose switching between vendors.

      Even with equal pricing, it all boils down to the purchaser pocketing cash due to the company/shareholders.

      So Company A offers to sell to you at $100, Company B offers to sell to you at $100.

      A bidding war starts, and Company A cuts their price to $70 Company B also cuts their price to $70 but says if you pick them over Company A, they will give you, personally, $5 per unit purchased.

      The ethical response is to turn down the $5/unit and instead purchase the widgets at $65/unit. The $5/unit is money which is not legally yours, as your responsibility is to negotiate the price on behalf of your shareholders/company as you have already agreed upon your own compensation in the form of a salary.

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      Out of modpoints but really liked a post? 1BDkF6TtmmeZ3yqXbz9yhdYVqRYnwFoXDj
  16. Re:Fiorentino? by RenderSeven · · Score: 1

    $7 million in bribes and kickbacks in exchange for steering [sales] to the companies

    Isnt that called "advertising"?

  17. Re:Explain the diff between sales commissions and by bws111 · · Score: 2

    On the off chance you are not just trolling...

    The guy who sells you trucks works for a Ford dealer. The dealer pays him commission for selling their product. Nothing shady about that. He is acting in the best interest of his employer when he sells you a Ford truck.

    This guy was not acting in the best interest of his employer. Rather than make supplier decisions based on the companies criteria, he was making them based on who paid him the most bribes. Even if you look at the kickbacks as some sort of volume rebate, that money should go to the company, not the employee. His keeping the money (and hiding it from his employer) is fraud. The money laundering is what he did to hide the money obtained by the fraud.

  18. Re:Explain the diff between sales commissions and by somersault · · Score: 1

    Yeah, I thought that was exactly what advertising/sales do.

    --
    which is totally what she said
  19. Same thing happened with Fry's back in '06 by King_TJ · · Score: 1

    http://www.mercurynews.com/ci_11290227

    The Fry's CEO accepted all sorts of kickbacks to try to pay down his gambling debts. As I recall, he was only caught when an employee happened to find some incriminating paperwork he threw in a trashcan....

  20. There are alternatives by ub3r+n3u7r4l1st · · Score: 1

    Interstate 355 is a major one, otherwise County Farm rd. / Naper Blvd, or IL-25 is also a good option. I live near Winfield use Naper Blvd to get to H-mart for hippie food & stuff.

    --
    New Economic Perspectives
    1. Re:There are alternatives by Joe_Dragon · · Score: 1

      Winfield is nice shortcut to get on I-88. When I went to pick stuff up at tiger I hated the IL-59 slow downs.

    2. Re:There are alternatives by ub3r+n3u7r4l1st · · Score: 1

      If you live near that area then IMHO obviously Fry's Electronics (at finley + butterfield ) is a much better choice.

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      New Economic Perspectives
    3. Re:There are alternatives by Joe_Dragon · · Score: 1

      is there a easy way to see what is stock at that store?

    4. Re:There are alternatives by ub3r+n3u7r4l1st · · Score: 1

      I haven't tried, but the website (frys.com) said it will tell you if something is available in the store (vs. ship only) once you hit checkout.

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      New Economic Perspectives
  21. which Taiwanese company? by Qwavel · · Score: 1

    The article doesn't say. Is that info Public?

  22. Re:advertising by drainbramage · · Score: 1

    That's what I was thinking:
    Dude gets paid for selling lots of stuff, news at eleven.
    People who didn't sell stuff are angry because he got lots of money.
    Deep thinkers say send rich dude to prison and complain about the common thief not getting a fair break.
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    Whatever.
    (Not letting my not reading the article get in the way of forming an opinion)

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    No brain, no pain.
  23. They're semi-sleazy by Radical+Moderate · · Score: 1

    I haven't ordered from them in a while, but their "great prices" often depended on rebates that had strict qualifications. i'd rather deal with New Egg, but sometimes TD is worth taking a chance. I don't think I ever had a problem with anything I got from them, besides collecting the rebate.

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    Never let a lack of data get in the way of a good rant.