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 ...
“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.
BUMP!
Hope he has an XBox, he’s going to need it. How does Fry’s not notice?
Merry Christmas
Ping.
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.
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.
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