Home Depot Fraud Case Grows With Two ...

Home Depot Fraud Case Grows With Two More Managers Targeted

There are 4 comments on the www.law.com story from Feb 5, 2009, titled Home Depot Fraud Case Grows With Two More Managers Targeted. In it, www.law.com reports that:

Federal prosecutors have expanded their investigation of kickbacks that enriched Home Depot managers at the company's expense to include two more former employees. Evidence developed in the course of the investigation -- which has already garnered guilty pleas from three former Home Depot managers -- prompted federal prosecutors last week to seek the seizure of two Cobb County, Ga., homes, one of them worth $2.5 million, in civil forfeiture filings. The new filings in federal court in Atlanta provide new details of the investigation into suspected kickbacks, and allegations of wire fraud, mail fraud and money laundering by Home Depot managers that began in 2006. The investigation first surfaced publicly in July 2007 when Home Depot acknowledged that it had fired four purchasing managers for violating the company's ethics policy. The investigation -- which so far has centered on the international home supply chain's flooring department -- has already resulted in guilty pleas by former Home Depot managers Anthony M. Tesvich, James P. Robinson and Ronald K. Johnston. All three men are slated to be sentenced in April by U.S. District Judge Richard W. Story. The most recent court filings state that former company managers Ian J. Evans and Ronald D. Matheny were engaged in activities similar to those outlined in the earlier cases and that evidence developed in the course of investigating Tesvich, Robinson and Johnston identified "other individuals who engaged in similar activities." Those filings claim that Evans and Matheny received more than $8 million from Home Depot suppliers in return for stocking the chain's stores with those suppliers' merchandise. (Continued...)

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Since: Oct 08

Newburyport, MA

#2 Feb 5, 2009
I thought I read that they were former company execs......not managers.........but I could be wrong

Since: Oct 08

Newburyport, MA

#3 Feb 5, 2009
I am mistaken. I've read www.law.com for a long time.....so it was managers and not former execs?
JDOG

Spartanburg, SC

#4 Feb 5, 2009
I guess greed is rampant...Even at the great Home Depot. They really do care about their associates.Too funny
Ron

United States

#6 Jun 1, 2009
so are the feds going after the flooring companies that paid the kickbacks?

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