Symbol

Symbol Technologies was a manufacturer and worldwide supplier of mobile data capture and delivery equipment. The company specialized in barcode scanners. Although there was much more than manufacturing mobile data within the company. In 2000 Tomo Razmilovic became CEO of the well trusted company, but would abruptly retire only two years later when the company started to become questioned by the SEC on  their accounting  practices.  The SEC soon revealed a wide-range accounting fraud that started in 1998 and only ended earlier in 2002.In 2004 Razmilovic and seven other former Symbol executives were indicted on charges that they orchestrated multiple frauds that inflated the company's sales and profits. Some of the charges were for, such as channel stuffing, candy deals, use of tango sheets and use of cookie jar reserves. Razmilovic made millions from selling the stock before the companies inquiries and he eventually fled to Sweden. He is still a fugitive in 2014 but Sweden  does not extradite suspected white-collar criminals outside the European Union.




-American Greed
-http://en.wikipedia.org/wiki/Symbol_Technologies
http://www.sec.gov/litigation/litreleases/lr18734.htm