A product buyer for a big box store was recently 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 may come under scrutiny, too. Hopefully investigators will get into fraud and other allegations about insurance, bidding and supply irregularities in concurrent industries. It's long overdue!
©Bane-Clene® Corporation 2009 Reprinting or electronically publishing this article is strictly prohibited without permission from Bane-Clene Corp.
