Fry's vice president of merchandising and operations has been arrested for defrauding the company out of $65 million. But wait, thatâ€™s not all! The money was used to pay off Vegas gambling debts. What the!?!?!
A one-time computer salesman who rose through the ranks to help build Fry's Electronics into a robust national retailer is facing allegations that he defrauded the San Jose-based company out of $65 million, much of which he used to pay off enormous gambling debts in Las Vegas.