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Casinos might owe Fry's for exec's losses ($65 million kickback scheme)
San Fran Chronic ^ | December 24, 2008 | Matthew B. Stannard, Chronicle Staff Writer

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 ...


TOPICS: Business/Economy; Crime/Corruption; Politics/Elections
KEYWORDS: corruption; electronics; frys; siddiqui; technology

1 posted on 12/25/2008 12:07:46 AM PST by dennisw
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To: dennisw
alt
2 posted on 12/25/2008 12:08:33 AM PST by dennisw (I’ve abandoned free-market principles to save the free market system -President George W. Bush)
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To: dennisw

Imagine this guy sharing a prison cell with Bernie Madoff. They would get along famously. Exchanging a few tricks of the trade


3 posted on 12/25/2008 12:11:20 AM PST by dennisw (I’ve abandoned free-market principles to save the free market system -President George W. Bush)
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To: dennisw

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


4 posted on 12/25/2008 12:19:00 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: dennisw
Should the casinos have suspected something was wrong prior to Siddiqui's arrest Friday?

Any similarities to holding bartenders responsible for customers who get drunk and get in accidents?

-PJ

5 posted on 12/25/2008 12:19:36 AM PST by Political Junkie Too (You can never overestimate the Democrats' ability to overplay their hand.)
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To: dennisw

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


6 posted on 12/25/2008 12:25:21 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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Oh... he is in jail? Good. He will have time to reflect.

Merry Christmas Saddiqui


7 posted on 12/25/2008 12:27:58 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife

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.


8 posted on 12/25/2008 12:31:59 AM PST by 2ndDivisionVet (Barack Obama: In Error and arrogant -- he's errogant!)
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To: dennisw
A few years ago Fry's announced they would build an Islamic Center in south San Jose to bring in Islamic “mathematicians.” Does anyone know if that actually took place?
9 posted on 12/25/2008 12:34:51 AM PST by broncobilly
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To: 2ndDivisionVet

Yup I have. 10 years ago..maybe 7.

Good for you for watching these bastages. I dont do business with them


10 posted on 12/25/2008 12:35:47 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: dennisw

Why should the Casinos get to keep stolen money?


11 posted on 12/25/2008 12:37:49 AM PST by DB
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To: mylife

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.


12 posted on 12/25/2008 12:37:54 AM PST by 2ndDivisionVet (Barack Obama: In Error and arrogant -- he's errogant!)
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To: 2ndDivisionVet

LOL


13 posted on 12/25/2008 12:42:54 AM PST by dennisw (I’ve abandoned free-market principles to save the free market system -President George W. Bush)
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To: 2ndDivisionVet

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


14 posted on 12/25/2008 12:43:52 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: 2ndDivisionVet

Agreed. Its like being herded like cattle there


15 posted on 12/25/2008 12:45:42 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: mylife
For enthusiasts and nerds Fry's is an electronics& computer Mecca. Therefore it's only fitting that Muslims run it. Or at least part of it
16 posted on 12/25/2008 12:47:57 AM PST by dennisw (I’ve abandoned free-market principles to save the free market system -President George W. Bush)
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To: dennisw

mecca indeed

Phooey


17 posted on 12/25/2008 12:52:35 AM PST by mylife (The Roar Of The Masses Could Be Farts)
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To: Political Junkie Too

> Any similarities to holding bartenders responsible for customers who get drunk and get in accidents?

Happens in NZ all the time.


18 posted on 12/25/2008 1:28:35 AM PST by DieHard the Hunter (Is mise an ceann-cinnidh. Cha ghéill mi do dhuine. Fàg am bealach.)
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To: DB

> 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.


19 posted on 12/25/2008 1:30:19 AM PST by DieHard the Hunter (Is mise an ceann-cinnidh. Cha ghéill mi do dhuine. Fàg am bealach.)
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To: DieHard the Hunter

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.


20 posted on 12/25/2008 1:50:04 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: iopscusa

“Because the Criminals that own Casino’s also own a few US Congressional seats, Senator Reid, RAT/AZ is a prime example.”


I think you are confusing Arizona with Nevada. Please do not inflict Senator Reid on Arizona. We have enough of our own problems.


21 posted on 12/25/2008 2:22:20 AM PST by marktwain
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To: dennisw

I wonder if I’ve met the guy. I’m a Vegas shopper at Fry’s.


22 posted on 12/25/2008 2:40:51 AM PST by FastCoyote (I am intolerant of the intolerable.)
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To: dennisw

That would make an interesting sitcom. A Jew and a Muslim odd couple in prison together for fraud.


23 posted on 12/25/2008 2:43:05 AM PST by Rastus
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To: 2ndDivisionVet

There was a cute Ukrainian girl at the one near me, but I only saw her the one time.


24 posted on 12/25/2008 2:44:20 AM PST by Rastus
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To: marktwain
Sorry Mark, I did not mean to inflict Harry Reid Rat/NV on the good AZ folks...I awoke this morning and found that my ancient coffee maker had finally gone to its’ maker...the Chinese...lol....Merry Christmas & Happy New Year
25 posted on 12/25/2008 2:57:14 AM PST by iopscusa (El Vaquero. (SC Lowcountry Cowboy))
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To: 2ndDivisionVet

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.


26 posted on 12/25/2008 5:38:48 AM PST by Doug TX
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To: Doug TX

BUMP!


27 posted on 12/25/2008 10:06:20 AM PST by Publius6961 (Change is not a plan; Hope is not a strategy.)
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To: dennisw

Hope he has an XBox, he’s going to need it. How does Fry’s not notice?

Merry Christmas


28 posted on 12/25/2008 10:14:48 AM PST by bray (Gov Palin isn't corrupt enough for DC)
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To: Calpernia

Ping.


29 posted on 12/25/2008 4:56:35 PM PST by nw_arizona_granny (http://www.freerepublic.com/focus/chat/1990507/posts?page=7451 [Survival,food,garden,crafts,and more)
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To: DB
Is DB stands for what I think? I hope your question is a joke.
30 posted on 12/25/2008 5:04:02 PM PST by QQQQ
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To: dennisw

Even if Fry’s was a fast-and-loose place with some of their business
practices...
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.


31 posted on 12/25/2008 5:07:54 PM PST by VOA
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To: QQQQ
It is extremely unlikely DB stands for what you think.

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?

32 posted on 12/25/2008 5:16:44 PM PST by DB
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To: nw_arizona_granny; dennisw

Thanks for the ping, granny. Thanks for the post. Very interesting.


33 posted on 12/25/2008 6:28:19 PM PST by PGalt
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