Ex-Systemax Executive Steered Business for Bribes, U.S. Says
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The former president of a Systemax Inc. electronics sales unit was indicted on charges that he took bribes in exchange for steering more than $230 million in business to suppliers.
Carl Fiorentino, 56, took more than $7 million from companies in Taiwan and California from January 2003 to April 2011, the government alleged in a seven-count indictment unsealed today in federal court in Central Islip, New York. Fiorentino used the money to pay for an $8 million home in Coral Gables, Florida, the services of a hip-hop music promotion company and tennis lessons for his son, the U.S. alleged.