Skip to comments.Casinos might owe Fry's for exec's losses ($65 million kickback scheme)
Posted on 12/25/2008 12:07:45 AM PST by dennisw
For years, Ausaf Umar Siddiqui lived big in Las Vegas, gambling and losing millions of dollars - including money the Internal Revenue Service now says was embezzled through a $65 million kickback scheme he engineered as a Fry's Electronics vice president.
Should the casinos have suspected something was wrong prior to Siddiqui's arrest Friday?
"At what point or under what circumstances should the casinos be held accountable?" posited William Eadington, director of the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno. "I wouldn't be at all surprised if Fry's lawyers are all over this."
Fry's spokesman Manuel Valerio said Wednesday that it is too early to say whether the company will seek compensation from Siddiqui, who was fired Monday, or from anybody else. "Fry's would always retain the right to explore options to make itself whole, as appropriate," he said.
Legal and gambling experts say trying to hold casinos liable for Siddiqui's alleged acts would be a long shot, dependent on proving the casinos knew or should have known that something was amiss.
People have sued casinos in the past for alleged irresponsibility, such as the Indiana gambler who sued a casino in 2002 for failing to keep him away from the tables, leading him to rob banks to support his gambling habit. Or the Northern California woman who sued two Nevada casinos in the 1980s, saying they knew she was a terrible blackjack player and should have told her to take classes to learn how to play the game.
(Excerpt) Read more at sfgate.com ...
Imagine this guy sharing a prison cell with Bernie Madoff. They would get along famously. Exchanging a few tricks of the trade
Ohh Pulleezzz... The Smartass needs a wake up call
Pompous muslim bastage, What does he need to do to see the light?
And here I thought Islam held all the answers /S
Get straight with the spirit saddiqui
Just goes to show ya that the Muslims aint all that smart to reject God in 3 persons
Any similarities to holding bartenders responsible for customers who get drunk and get in accidents?
Legal and gambling experts say trying to hold casinos liable for Siddiqui’s alleged acts would be a long shot, dependent on proving the casinos knew or should have known that something was amiss.
This is the goofiest thing I have read in ages. Saddiqui should be in jail
Oh... he is in jail? Good. He will have time to reflect.
Merry Christmas Saddiqui
Have you ever been in a Fry’s Electronics Store? We have one near us in Arlington, Texas. The staff is 97% Muslim, Arab, Pakistani, Indonesian, African, Iranian and Bosnian for the most part. If I were the F.B.I., I’d have all kinds of double agents and informants in each of them.
Yup I have. 10 years ago..maybe 7.
Good for you for watching these bastages. I dont do business with them
Why should the Casinos get to keep stolen money?
Oh, I don’t do business with them. Once I saw the lay of the land, as it were, I grabbed my wife and beat feet. I would no more do business with Jihadis than I would with Nazis or Communists.
I tend to personally be monotheistic like the Arabs, But, I believe in the Son, and the Holy Ghost as well(Nope I aint catholic, I just see it)
I dont want to get into a long theological discussion particularly on the morning of this brilliant gift,
But I just dont think these Arabs are particularly pious.
I would venture to say that their religion is in need of a serious vetting
Agreed. Its like being herded like cattle there
> Any similarities to holding bartenders responsible for customers who get drunk and get in accidents?
Happens in NZ all the time.
> Why should the Casinos get to keep stolen money?
Good point. Why, indeed. If they keep it knowingly, they should be done for Receiving and Conversion.
Why should the Casinos get to keep stolen money?
Because the Criminals that own Casino’s also own a few US Congressional seats, Senator Reid, RAT/AZ is a prime example.
“Because the Criminals that own Casinos also own a few US Congressional seats, Senator Reid, RAT/AZ is a prime example.”
I wonder if I’ve met the guy. I’m a Vegas shopper at Fry’s.
That would make an interesting sitcom. A Jew and a Muslim odd couple in prison together for fraud.
There was a cute Ukrainian girl at the one near me, but I only saw her the one time.
I shop at the Fry’s in Arlington, TX and before that I shopped for years at the store in NE Dallas. I always wondered the source of their employees. As you say, there are a large number of young immigrants from across the ocean. There is something out of the ordinary going on with their staffing practices.
Hope he has an XBox, he’s going to need it. How does Fry’s not notice?
Even if Fry’s was a fast-and-loose place with some of their business
hanging out at the Manhattan Beach store on a Saturday morning was
like Geek Heaven.
And the Fry’s over near Burbank (Bob Hope) Airport is also a hoot.
And no it wasn't a joke.
Madoff’s investors are theoretically going to be asked for the investment income back that they received over the last 6 years because it was through ill gotten means.
What makes a Casino special?
Thanks for the ping, granny. Thanks for the post. Very interesting.