Not signed in (Sign In)

Welcome, Guest

Want to take part in these discussions? Sign in if you have an account, or apply for one below


Vanilla 1.1.4 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest! Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.
    •  
      CommentAuthorFrenchyFry
    • CommentTimeDec 14th 2011
     permalink
    Ex-Fry's exec gets 6 years for embezzling  
     
    A former Fry's Electronics executive was sentenced Thursday to six years in federal prison for embezzling money through a kickback scheme and using it to finance his gambling habit.  
     
    Ausaf Umar Siddiqui, 44, who was the vice president of merchandising and operations for Fry's in San Jose, pleaded guilty earlier this year to wire fraud and money laundering. As part of his plea, Siddiqui, who recently declared bankruptcy, agreed to pay restitution or forfeit the more than $65 million he stole from Fry's since 2005.  
     
    Siddiqui dropped millions on a luxurious lifestyle that included gambling jaunts in Las Vegas, to which he was flown on private jets paid for by casinos, authorities said.  
     
    Siddiqui had sought a sentence of three years, citing what his attorney, Paul Meltzer, called a "severe gambling addiction."  
     
    "Mr. Siddiqui's crimes were not caused by greed or criminal disposition, but out of desperation due to the enormous debts that resulted from his gambling addiction," Meltzer wrote in court papers.  
     
    He said that even a shorter prison sentence would "represent a complete change of circumstances for someone who spent a number of years being treated like royalty by casinos all over the world."  
     
    U.S. District Judge Jeremy Fogel in San Jose ordered Siddiqui to serve six years in prison.  
     
     
     
    Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/12/08/BADT1MA4OO.DTL#ixzz1gSAfp6Tj
  1. Other Topics You Might Like
    yay for 2 more years of gross polluting
    I got fired from Fry's more than 2 years ago; Any chance on getting rehired?
    I think Frys has about 5 years left.
    15 years of Fry's Experience......
    Sean Archer 5 Years From Now (Photo)
    •  
      CommentAuthor( @ >.< )=@
    • CommentTimeDec 15th 2011 edited
     permalink
    I was there when his office was raided by agents. From what I understood, he was a complete douche. Got what he deserved. Then again, 6 years for a $65 million dollar crime? He got off easy tbh.
    •  
      CommentAuthorskullywag
    • CommentTimeDec 15th 2011 edited
     permalink
    6 years for a non-violent crime means he will probably be out in a year or two.... ready to spend his hidden cash or sell off items purchased with stolen money.  
     
    I never quite understood how robbing a 7-11 clerck of $7.50 with a knife or fake gun can get you 15yrs in a prison where guys named "Tyrone" make you their "girlfriend", but stealing millions in a white-collar crime only merits a few years of tennis in a federal "resort".
    •  
      CommentAuthorGuest 4210
    • CommentTimeDec 15th 2011
     permalink
    "Mr. Siddiqui's crimes were not caused by greed or criminal disposition, but out of desperation due to the enormous debts that resulted from his gambling addiction,"

    Didn't anyone else find this poetic?
    •  
      CommentAuthorGuest 3825
    • CommentTimeFeb 7th 2012
     permalink
    When he finally gets out of prison, he'll have a felony on his record. Therefore, this means he'll not be able to get any kind of goverment aid. He won't be hired at any respectable job for the rest of his life. (He'll be flipping burgers at some non-popular fast food restaurant) and he still needs to pay back that 65 million that he stole. His life his officially ruined at this point. Unless if he can get a job under the table, he'll probably be resorting to do illegal things just to make ends meet for the rest of his life... which could land him back in jail. I really doubt that he just "Got off easy."
    •  
      CommentAuthorGuest 3825
    • CommentTimeFeb 7th 2012
     permalink
    Oh and lets not forget about Suicide. He could simply just go "Fuck it all" and decide to play a game of single-player Russian Roulette.