A Ferrari-driving vice president of Fry’s Electronics Inc. who was allegedly such a heavyweight gambler that casinos chartered private planes to fly him to Las Vegas has been arrested on charges he embezzled more than $65 million from the retailer to fuel his lavish lifestyle and pay off debts.
Ausaf Umar Siddiqui is accused by the IRS of concocting a scheme in which he cut side deals with some of Fry’s suppliers, buying their goods at higher prices and in greater quantities than normal in exchange for kickbacks of up to 31 percent of the sales price.
Meh. I’ve already quit shopping at Fry’s after the last two purchasing experiences I’ve had turned out so bad. I wonder sometimes if a job requirement for working at Fry’s is to NOT have a high school diploma and/or NOT be able to speak English…