Re: Tiger Direct Going OUT of BUSINESS - by
on
19/12/2015, 00:47:56 UTC Gilbert Fiorentino, 54, and Carl Fiorentino, 57, both of Coral Gables, Florida, were sentenced yesterday in Federal Court in the Southern District of Florida, in connection with their participation in an illegal scheme to obtain more than $11 million dollars in kickbacks and other benefits, and to conceal this illicit income from the IRS, while employed as senior executives at Systemax, Inc. (Systemax) and its subsidiary, TigerDirect, Inc. (TigerDirect). Carl Fiorentino was sentenced to 80 months imprisonment. Gilbert Fiorentino was sentenced to 60 months imprisonment. A hearing to determine the remaining amount of restitution owed to Systemax by the defendants, who are brothers, has been scheduled for April 3, 2015.