Friday, May 29, 2009

A buyer for a big box store was sentenced to five years in prison for his role in a floorcovering vendor kickback scheme. He made about $200,000 a year in his job buying flooring for the chain and will have to pay nearly $1.2 million in restitution that he took in cash and gifts from flooring manufacturers to get their products in his company's stores.
There are several more being investigated in the scandal and other areas of corruption may come under scrutiny, too. Hopefully investigators will get into fraud and other allegations involving insurance, bidding and supply irregularities in peripheral industries.

No comments:

Post a Comment