You may argue it's morally wrong for him to have done that, and it wasn't to the benefit of the company, and yada yada, but as long as: - there's no company policy forbidding him to sell the goods to the wholesaler - forbidding him to sell at the price he sold them - he is entitled to a commission of 10% of sales then he's done nothing legally wrong.
As far as I can see, he's operated within the confines of the law and even sold the goods at a profit.
Except the legal experts see it differently?
The company may not like it and may decide to sack him after paying him his 10%, that's fine.
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held