▁ ▁S ale ▁of ▁French - based ▁Information ▁Technology ▁Business ▁ ▁On ▁September ▁ 4 , ▁ 2 0 1 8 , ▁System ax ▁announced ▁it ▁has ▁closed ▁the ▁previously ▁announced ▁sale ▁of ▁its ▁France - based ▁IT ▁business ▁to ▁Be cht le ▁AG . ▁ ▁Leg al ▁disput es ▁On ▁September ▁ 1 7 , ▁ 2 0 1 2 , ▁the ▁U . S . ▁Sec ur ities ▁and ▁Exchange ▁Commission ▁( SE C ) ▁charged ▁a ▁former ▁director ▁of ▁System ax ▁Inc ▁for ▁fra ud ul ently ▁re aping ▁hundreds ▁of ▁thousands ▁of ▁dollars ▁in ▁und is closed ▁compens ation ▁between ▁January ▁ 2 0 0 6 ▁to ▁December ▁ 2 0 1 0 . ▁The ▁SE C ▁alleg ed ▁that ▁Gilbert ▁F ior ent ino , ▁who ▁in ▁addition ▁to ▁serving ▁on ▁the ▁board ▁was ▁the ▁former ▁chief ▁executive ▁of ▁System ax ’ s ▁Technology ▁Product s ▁Group ▁in ▁Miami , ▁" ob tain ed ▁more ▁than ▁$ 4 0 0 , 0 0 0 ▁in ▁extra ▁compens ation ▁directly ▁from ▁fir ms ▁that ▁conducted ▁business ▁with ▁System ax ." ▁The ▁SE C ▁also ▁alleg ed ▁F ior ent ino ▁of ▁ste aling ▁" se ver al ▁hundred ▁thousand ▁dollars ▁worth ▁of ▁company ▁mer ch and ise ▁that ▁was ▁used ▁to ▁market ▁System ax ’ s ▁products ." ▁F ior ent ino ▁failed ▁to ▁disc lose ▁his ▁extra ▁compens ation ▁and ▁per ks ▁to ▁System ax ▁or ▁its ▁aud itors , ▁so ▁that ▁the ▁amounts ▁reported ▁to ▁share hold