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Wikipedia has a lot more detail about him. Basically a Fry’s VP arranged for $65 million in kickbacks from companies that wanted to see at Fry’s, and then gambl
by andrewem 6y ago
Wikipedia has a lot more detail about him. Basically a Fry’s VP arranged for $65 million in kickbacks from companies that wanted to see at Fry’s, and then gambled away even more than that, and ended up $137 million in debt:
https://en.m.wikipedia.org/wiki/Ausaf_Umar_Siddiqui https://en.m.wikipedia.org/wiki/Ausaf_Umar_Siddiqui
- someperson 6y agoThat's for the insightful Wikipedia link! Really speaks to the mismanagement how an individual can receive tens of millions in kickbacks and no-one else in management identified the fraud. I wonder how many other companies such behavior is happening in.
- flyinghamster 6y agoThat reminds me of how TigerDirect ended up [0]. There's another one I sorely miss, especially since there was one store that was a ten-minute drive for me. [0] https://en.wikipedia.org/wiki/TigerDirect#Founders_convicted_of_fraud https://en.wikipedia.org/wiki/TigerDirect#Founders_convicted...