CHS Electronics controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2012
Founder sentenced in separate investment-fraud case
Claudio Osorio, CHS’s founder, was sentenced to 12 and a half years in prison for an investment-fraud scheme connected to InnoVida, a separate company.
2000
Shareholder securities-fraud litigation
Shareholders alleged that CHS and its executives overstated profits and income, improperly reduced expenses, manipulated financial statements, and misled investors. The litigation ended in a settlement of nearly $12 million.
1998
Accounting discrepancy and restatement of profit
CHS disclosed a $45 million accounting discrepancy that reduced its 1998 profit by approximately half and contributed to concerns about the company’s financial reporting.