Tomo Razmilovic (born 31 May 1942) is a Croatian-born Swedish businessman, formerly the CEO of Long Island, New York-based Symbol Technologies.
According to the United States Postal Inspection Service, he is wanted for orchestrating a massive accounting fraud that cost investors more than $200 million.
It included several types of fraud, such as channel stuffing (booking sales to wholesalers and distributors as final sales to customers), candy deals (selling products to distributors with no matching customer orders and then buying the products back), use of tango sheets (records of how much revenues had to be inflated to match quarterly targets) and use of cookie jar reserves (declaring nonrecurring expenses that far exceeded likely expenses).
[11] Razmilovic was not heard from again until 2004, when WNBC in New York City and Newsday, the main newspaper on Long Island, found him living in a small town in Sweden.
[6][7] He absconded back to Sweden, where he holds citizenship, claiming he would not be able to get a fair trial in the United States.
[4][10] On 17 January 2014 federal prosecutors on Long Island filed a civil suit seeking the forfeiture of $12 million in illegal profits that they believe Razmilovic has hidden in a Credit Suisse account.
Sweden will not extradite Razmilovic because it does not turn over suspected white-collar criminals to non-European Union countries.