Fry's exec embezzles $65 Mil to pay gambling debts

[Cusipz]

http://www.businessweek.com/ap/financialnews/D9586IR00.htm

Wonder what his forum name was....Hrmmm..

:nohead:

 

[Geoff101]

duuuuude....Im a degenerate, but this fuckin guy....sheesh...

 

[seriousaddiction]

sounds like a great plan...too bad he got caught

 

[Mr.Leisure]

The alleged scheme unraveled when another Fry's executive walked into Siddiqui's office in October and saw spreadsheets on his desk outlining the payments and alleged kickbacks, according to the complaint. Siddiqui wasn't there, so the executive took the documents, contacted the IRS and handed over the evidence.

What a fukin rat !

 

[seriousaddiction]

the guy that told on him was an idiot...how bout some simple blackmail??? shit 5 % of 65 million is 3.25 mil...Id take it

 

[SaltyVeteran]

I used to work for Fry's back in the day. They didn't give a shit about their employees. They offered a deferred compensation in which you were promised this huge amount of money after 13 years of working there and they were always known for finding a reason to clip the person right before their 13th year. Props to this guy.

 

[Jabow]

hey, hey, hey, easy on the words here, the fact that most of you are here is because you are or are directly related to GAMBLING, which as you know is a form of degenarate behaviour, most are using the gambling funds that should be allocated to something much better, like paying you rent, child care, health care, car care, etc, etc and are cutting corners to gamble, so easy on the guy.

Additionally, most if not all of you if you were in that position and saw a way to make a few extra bucks would have done so, and most of you are or have already done so, but maybe not a grand scale as he has. Kick backs are happening and would happen always, no matter what, people are stealing from business every single day, co-workers, wife , kids, best friends, no matter who, they are stealing. Its life.