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SEC Sues Former Anicom Executives
The Securities and Exchange Commission (SEC) accused six former Anicom executives of inflating revenues by $38 million at what was one of the largest wire and cable specialists in the United States.
On May 6, the SEC filed a civil lawsuit against six former Anicom Inc. officials, including its chief executive and president. The suit alleges that the executives and other employees carried out a “massive financial fraud” at the now-bankrupt company. In the suit, filed in federal court in Chicago, the SEC alleged that from Jan. 1, 1998, to March 30, 2000, the defendants allegedly falsely reported millions of dollars of non-existent sales, including sales to a fictitious customer, and allegedly used other fraudulent techniques to inflate Anicom's revenues by more than $38 million and net income by more than $20 million.
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Industry Calendar
Jan. 21-24, 2009
NAED Western Region Conference:
Palm Desert, Calif.; National Association of Electrical Distributors (NAED),
(314) 991-9000,
www.naed.org
Feb. 25-28, 2009
NAED South-Central Region Conference:
Orlando, Fla.; NAED,
(314) 991-9000,
www.naed.org
March 10-14
Electronic House Expo Spring 2009:
Orlando, Fla.; EH Publishing,
508-663-1500,
www.naed.org
March 17-20
Electric West Conference:
Las Vegas, Penton Media Exhibitions,
203-358-3704,
www.electricshow.com
March 18-21
NEMRA Annual Conference:
Orlando, Fla.; National Electrical Manufacturers Representatives Association,
800-446-3672,
www.nemra.org
April 19-23
NAILD Convention:
Scottsdale, Ariz.; National Association of Independent Lighting Distributors (NAILD),
716-875-3670,
www.naild.org
April 20-23
A-D Electrical Supply Division Network Meeting:
Houston; Affiliated Distributors (A-D),
610-977-3100,
www.mya-d.net
April 29-May 1
2009 Equity/EDN Annual Meeting:
Dallas; Equity/EDN Electrical Associates;
800-373-1894,
www.equityedn.org
May 3-4
Lightfair International:
New York; AMC Inc.;
204-220-2004, www.lightfair.com
May 4-7
Windpower 2009 Chicago:
American Wind Energy Association (AWEA);
202-383-2512
May 16-20
NAED National Electrical Leadership Summit:
Fort Lauderdale, Fla.; NAED;
888-791-2512; www.naed.org
June 28-July 1
Women in Industry Forum:
Santa Fe, N.M.; NAED;
888-791-2512; www.naed.org
July 30-August 1
NAED LEAD Conference:
Orlando, Fla.; NAED;
888-791-2512; www.naed.org
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