Overclock.net › Forums › Industry News › Hardware News › [H]Fry's Executive Arrested in Alleged $65M Fraud Scheme
New Posts  All Forums:Forum Nav:

[H]Fry's Executive Arrested in Alleged $65M Fraud Scheme

post #1 of 32
Thread Starter 
Quote:
Fry's vice president of merchandising and operations has been arrested for defrauding the company out of $65 million. But wait, that’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.
source
Mine
(16 items)
 
  
Reply
Mine
(16 items)
 
  
Reply
post #2 of 32
How could you rack up that much debt from gambling? Even if the juice was running from the start that's a huge debt. Note to self, Stay away from Vegas!
    
CPUMotherboardGraphicsRAM
Core i7 6700k Asus Sabertooth Mark 1 z170 XFX Radeon R9 390 16 GB G. Skill Ripjaw 4 
OSMonitorKeyboardPower
Windows 10 X64 27" X-STAR DP2710 LED + 24" Acer P241W Razer BlackWidow Chroma Antec True Power New 750Watt 
CaseMouseMouse PadAudio
HAF 932 Logitech G500 Steelseries Swan M10's and Sennheiser 598 
  hide details  
Reply
    
CPUMotherboardGraphicsRAM
Core i7 6700k Asus Sabertooth Mark 1 z170 XFX Radeon R9 390 16 GB G. Skill Ripjaw 4 
OSMonitorKeyboardPower
Windows 10 X64 27" X-STAR DP2710 LED + 24" Acer P241W Razer BlackWidow Chroma Antec True Power New 750Watt 
CaseMouseMouse PadAudio
HAF 932 Logitech G500 Steelseries Swan M10's and Sennheiser 598 
  hide details  
Reply
post #3 of 32
Holy duck. 65 mill? That's insane!
Optimus Prime
(16 items)
 
Server
(12 items)
 
 
CPUMotherboardGraphicsRAM
Intel E8200 ASUS 650i EVGA 8800 GTS 512MB 8GB Corsair 
Hard DriveOptical DriveCoolingOS
Assorted HDDs None Stock Server 2008 R2 
MonitorPowerCase
Dell 19" corsair 400w Old OEM case 
  hide details  
Reply
Optimus Prime
(16 items)
 
Server
(12 items)
 
 
CPUMotherboardGraphicsRAM
Intel E8200 ASUS 650i EVGA 8800 GTS 512MB 8GB Corsair 
Hard DriveOptical DriveCoolingOS
Assorted HDDs None Stock Server 2008 R2 
MonitorPowerCase
Dell 19" corsair 400w Old OEM case 
  hide details  
Reply
post #4 of 32
um.....
the puter
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 980X @4.8ghz Gigabyte X58a-OC EVGA GTX 970 FTW @ 1.5ghz 3x2gig Dominaotr GT (hyper) 1600MHZ 6-6-6-18 
Hard DriveOSMonitorPower
intel 510 120GB + 8.3TB of hard drives 7 ult 64bit 3008WFP, 2X 3007WFP, 2407WFP-HC Antec HCP-1200 watt 
CaseMouse
Coolermaster Cosmos S Razer Mamba 
  hide details  
Reply
the puter
(13 items)
 
  
CPUMotherboardGraphicsRAM
i7 980X @4.8ghz Gigabyte X58a-OC EVGA GTX 970 FTW @ 1.5ghz 3x2gig Dominaotr GT (hyper) 1600MHZ 6-6-6-18 
Hard DriveOSMonitorPower
intel 510 120GB + 8.3TB of hard drives 7 ult 64bit 3008WFP, 2X 3007WFP, 2407WFP-HC Antec HCP-1200 watt 
CaseMouse
Coolermaster Cosmos S Razer Mamba 
  hide details  
Reply
post #5 of 32
Lol, it says only part of it's going to pay off the debt. There are limits on the amounts you can place in sports/tables/or slots. You can rack up a ton of money with credit at multiple location (tabs), also penthouse suites and such are not cheap. Dude probably started the scam to pay off the debt and got greedy(er).

cg
Solo III
(18 items)
 
  
CPUMotherboardGraphicsGraphics
Intel Core i5 2500K | 4.4Ghz ASRock | P67 Extreme4 EVGA | GTX 560 Ti  EVGA | GTS 250 | Physx 
RAMHard DriveHard DriveOptical Drive
G.Skill | Sniper | 4*4 Crucial | C300 | 128GB WD | Black | 500GB LG | Bluray 
CoolingOSMonitorMonitor
Xigmatek Gaia | Push/Pull W7 | Professional | 64bit LG | IPS | 23" | E2370V-BF Dell | LED | 23" | 1080p 
MonitorKeyboardPowerCase
Asus | 19"  DasKeyboard | MX Browns Corsair | AX750 COOLER MASTER | RC-692 
MouseMouse Pad
Logitech | M510 steelseries 
  hide details  
Reply
Solo III
(18 items)
 
  
CPUMotherboardGraphicsGraphics
Intel Core i5 2500K | 4.4Ghz ASRock | P67 Extreme4 EVGA | GTX 560 Ti  EVGA | GTS 250 | Physx 
RAMHard DriveHard DriveOptical Drive
G.Skill | Sniper | 4*4 Crucial | C300 | 128GB WD | Black | 500GB LG | Bluray 
CoolingOSMonitorMonitor
Xigmatek Gaia | Push/Pull W7 | Professional | 64bit LG | IPS | 23" | E2370V-BF Dell | LED | 23" | 1080p 
MonitorKeyboardPowerCase
Asus | 19"  DasKeyboard | MX Browns Corsair | AX750 COOLER MASTER | RC-692 
MouseMouse Pad
Logitech | M510 steelseries 
  hide details  
Reply
post #6 of 32
Smooth
My System
(13 items)
 
  
CPUMotherboardGraphicsRAM
Q6600 Gigabyte P35-DS3L eVGA GTX 280 G.Skill 6GB DDR2 
Hard DriveOptical DriveOSMonitor
250gb, 180gb, & 55gb ASUS 20X DVDR Burner Windows 7 Home Premium 64-bit Asus 24" 
PowerCase
Corsair 750w Cooler Master RC-690 
  hide details  
Reply
My System
(13 items)
 
  
CPUMotherboardGraphicsRAM
Q6600 Gigabyte P35-DS3L eVGA GTX 280 G.Skill 6GB DDR2 
Hard DriveOptical DriveOSMonitor
250gb, 180gb, & 55gb ASUS 20X DVDR Burner Windows 7 Home Premium 64-bit Asus 24" 
PowerCase
Corsair 750w Cooler Master RC-690 
  hide details  
Reply
post #7 of 32
Dont the odds say you have win at least one bet sometime in your life, I guess this guy beat those odds.
I Love Cheese
(13 items)
 
  
CPUMotherboardGraphicsRAM
2600k @ 3.4 Asus P8P67 Basic XFX 5970 2 gig Black Edition 2x 4 gig DDR 1600 G-Skill 
Hard DriveOSMonitorPower
2x500 gig WD Vista Ultimate 64-bit Dual 25" Hannspree LCD CM 750 Watt 
CaseMouse
Rosewill THOR Logitech Trackball 
  hide details  
Reply
I Love Cheese
(13 items)
 
  
CPUMotherboardGraphicsRAM
2600k @ 3.4 Asus P8P67 Basic XFX 5970 2 gig Black Edition 2x 4 gig DDR 1600 G-Skill 
Hard DriveOSMonitorPower
2x500 gig WD Vista Ultimate 64-bit Dual 25" Hannspree LCD CM 750 Watt 
CaseMouse
Rosewill THOR Logitech Trackball 
  hide details  
Reply
post #8 of 32
Quote:
Originally Posted by joemaniaci View Post
Dont the odds say you have win at least one bet sometime in your life, I guess this guy beat those odds.
Perhaps he won his first bet for $100 and got addicted..
    
CPUMotherboardGraphicsRAM
Intel i7-4850HQ  Yes GT 750M 16GB Corsair 
Hard DriveHard DriveOSMonitor
512GB SSD 1TB Buffalo Drivestation OSX Mavericks 15" 2880 x 1800 IPS 
MouseOther
Magic Mouse Mobee Magic Charger 
  hide details  
Reply
    
CPUMotherboardGraphicsRAM
Intel i7-4850HQ  Yes GT 750M 16GB Corsair 
Hard DriveHard DriveOSMonitor
512GB SSD 1TB Buffalo Drivestation OSX Mavericks 15" 2880 x 1800 IPS 
MouseOther
Magic Mouse Mobee Magic Charger 
  hide details  
Reply
post #9 of 32
Quote:
Originally Posted by joemaniaci View Post
Dont the odds say you have win at least one bet sometime in your life, I guess this guy beat those odds.
actually the odds are better of you getting hit my an astroid, then it is to win the lottery.

On topic: Well no wonder Fry's Had crappy sales on the day after thanksgiving, they didnt have money to invest
Lucy
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 Gigabyte 970A-D3P MSI GTX 750ti 2 X 8 GB Ballistic 
Hard DriveHard DriveOptical DriveOS
OCZ SSD WD Samsung DVD Windows 7 
MonitorPowerMouse
Dual Asus 24" 600w Silverstone Quad 12v G5 
  hide details  
Reply
Lucy
(14 items)
 
  
CPUMotherboardGraphicsRAM
AMD FX-8350 Gigabyte 970A-D3P MSI GTX 750ti 2 X 8 GB Ballistic 
Hard DriveHard DriveOptical DriveOS
OCZ SSD WD Samsung DVD Windows 7 
MonitorPowerMouse
Dual Asus 24" 600w Silverstone Quad 12v G5 
  hide details  
Reply
post #10 of 32
Quote:
Originally Posted by BLKKROW View Post
actually the odds are better of you getting hit my an astroid, then it is to win the lottery.
that doesn't make any sense.
FIFTH
(10 items)
 
  
CPUMotherboardGraphicsRAM
2011-v3 X99 GTX 970 DDR4-2400 
Hard DriveOSKeyboardMouse
Kingston SSD Ubuntu 14.10 x64 Filco Majestouch w/ Cherry MX Blue Razer Diamondback 
  hide details  
Reply
FIFTH
(10 items)
 
  
CPUMotherboardGraphicsRAM
2011-v3 X99 GTX 970 DDR4-2400 
Hard DriveOSKeyboardMouse
Kingston SSD Ubuntu 14.10 x64 Filco Majestouch w/ Cherry MX Blue Razer Diamondback 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Hardware News
Overclock.net › Forums › Industry News › Hardware News › [H]Fry's Executive Arrested in Alleged $65M Fraud Scheme