Symbol Technologies controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2004
Criminal and civil cases against former executives
Tomo Razmilovic and other former executives were indicted by federal prosecutors, while the SEC brought civil proceedings. Some former executives pleaded guilty and others settled SEC charges. Symbol also paid settlements connected with shareholder litigation.
2002
Symbol accounting-fraud investigation
An internal investigation following an SEC inquiry found a broad scheme that allegedly inflated sales and profits from 1998 through early 2002. Reported practices included channel stuffing, transactions without genuine end-customer orders, product repurchases, target-reconciliation worksheets, and excessive reserves. Symbol restated its historical results and cooperated with regulatory and criminal investigations.