Feeds

Feds investigate $17m of missing kit at CompUSA

CEO out, SEC and FBI in as gear disappears in Miami

Providing a secure and efficient Helpdesk

The FBI have taken charge of investigations into the reported theft of $17m (£10.4m) worth of electronics allegedly stolen from Systemax-owned CompUSA by two brothers of fired exec Gilbert Fiorentino and other former employees.

Only last month, the SEC confirmed it was looking into matters surrounding the departure of Fiorentino, ex-CEO of Systemax's technology products group.

Fiorentino was suspended in April after a whistleblower made unspecified allegations about his business practices and he quit in May, returning $11m in financial rewards. He is co-operating with the SEC, as is Systemax.

The plot has thickened further, according to US reports, after Miami Dade police were called in by CompUSA loss prevention manager Ronald Lopez. Lopez claimed he was tipped off that Carl and Patrick Fiorentino (also former company execs) and two ex-employees were "taking merchandise".

"Upon doing a larger inventory, it has been determined that about $17m in electronics had been stolen," according to a Miami Herald report. The incident occurred on 5 July at CompUSA and sister firm Tiger Direct's HQ.

Lopez is reported to have told coppers that store video and witness statements about the thefts were available.

According to sources close to the investigations, the $17m loss may include the electronics and also kickbacks or other lost revenue.

Fiorentino brothers Carl and Patrick, president and veep of sales at Tiger Direct respectively, were also kicked out of the business on the same day as Gilbert in April.

The other two former employees alleged to be embroiled in the theft include Andrea Fongyee – who was Gilbert Fiorentino's personal assistant – and Gerdy Carballo, a handyman who did work for Fiorentino outside of the business. Both deny involvement.

El Reg contacted the Miami-Dade police department to confirm details of the case. We were also told that the Federal Bureau of Investigation had assumed charge of the probe due to the size of the theft.

"The FBI has taken over the case," said a police spokesman.

The FBI said: "It is FBI policy not to discuss investigations."

Systemax refused to comment. ®

New hybrid storage solutions

More from The Register

next story
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Google recommends pronounceable passwords
Super Chrome goes into battle with Mr Mxyzptlk
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
Reddit wipes clean leaked celeb nudie pics, tells users to zip it
Now we've had all THAT TRAFFIC, we 'deplore' this theft
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
TorrentLocker unpicked: Crypto coding shocker defeats extortionists
Lousy XOR opens door into which victims can shove a foot
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.