Four separate lawsuits were filed in the United States, "alleging that former executives of the company made false financial statements and that they knowingly participated in the fraudulent transfer of money to Taiwan Kolin Co., their Asian parts supplier.
"[9] One shareholder who participated as a pro se litigant in the bankruptcy proceedings wrote a book about the scandal entitled The Sheep and The Guardians: Diary of a SEC Sanctioned Swindle.
The SEC filed charges against Robert Chiu, an audit and relationship partner for Syntax's outside auditor, for aiding and abetting the fraudulent revenue recognition scheme.
[13] In April 2012, former CEO James Li was ordered to pay $11 million in "insider trading" and "civil" penalties "for his role in the financial fraud scheme".
[16] On November 21, 2006 the company acquired for $26 million in stock privately held Vivitar Corporation, a seller of digital cameras and camcorders, which it operated as a wholly owned subsidiary.