FLEMING FIVE'S ACCOUNTING FRAUD BARED IN SEC COMPLAINT

On the front page of SN last week was a news article about charges contained in a civil complaint by the Securities and Exchange Commission against five highly placed former executives of the now-defunct Fleming Cos.The 41-page complaint lays out an astonishing litany of dodges the Fleming five allegedly concocted to wring payments from vendors that were made to appear to be up-front and non-revocable

On the front page of SN last week was a news article about charges contained in a civil complaint by the Securities and Exchange Commission against five highly placed former executives of the now-defunct Fleming Cos.

The 41-page complaint lays out an astonishing litany of dodges the Fleming five allegedly concocted to wring payments from vendors that were made to appear to be up-front and non-revocable monies, sometimes by means of bogus vendor-issued "side letters." In reality, funds

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