[JMT]

Fry's exec accused of stealing $65 million

What some people will do.

 

[SundayDuffer]

yeah...big story here..btw, that's the Frys store i go to...couple blocks from my work place.

 

[Clutz]

They should also go after the suppliers.

 

[elrod-tom]

Incredible how much this stuff happens. People ALWAYS get caught eventually.

I don't know if they can go after the suppliers or not, but it bothers me that this would happen so easily. Makes you wonder how much more of this kind of two-party scam is actually going on.

 

[ingwe]

Quote:

The scheme led Fry's to overpay for routers, flash drives and other products by 30 percent or more, according to the complaint. The vendors, in turn, would then kick that overcharge back to Siddiqui through a shell company, according to the complaint.

I think throughout most of the world (and Illinois) this is the way things work.

 

[Uncle Erik]

We'll probably be seeing a lot more stories like this. As the economy turns sour, I'd imagine that companies will turn up the audits, etc. to wring as much waste/fraud out of the company as possible.

 

[user18]

What's amazing is that he's only accused of stealing $65M, but he's paid $120M to LV casinos in just three years. Worst gambler ever.

 

[FallenAngel]

Seriously, with 65M, the guy was an idiot for not hiring a good accountant/financial expert and disappearing.

 

[wuwhere]

Madoff's Ponzi scheme wiped out $1billion from the Picower foundation.

Madoff scandal to cost Palm Beach County public schools

 

[aaron313]

Quote:

Originally Posted by SundayDuffer /img/forum/go_quote.gif yeah...big story here..btw, that's the Frys store i go to...couple blocks from my work place.

That's my local Fry's store. When I saw the name, I thought "Hmmm... sounds like someone who works at the San Jose store." It's too bad.

 

[compuryan]

jeez. $225,000 a year wasn't enough?!

 

[chadbang]

I always wondered why their prices kept getting suckier and suckier.

 

[Baines93]

Stupid idiotic ******.

 

[Currawong]

Note to self: If ever running a huge business, have management employees sign that they don't and never have had gambling issues. I've seen so many times this kind of thing happen on both small and large scales because of a single person addicted to gambling.