Ausaf Siddiqui Gambled Away Millions

From 2005 to 2008, a man named Ausaf Umar Siddiqui, a Fry's Electronics vice president earning $225,000 a year, gambled more than $162 million in Las Vegas. He financed his gambling through a kickback scheme in which vendors paid two sham companies he controlled, allowing him to steal $65.6 million. After pleading guilty to wire fraud and money laundering, Siddiqui filed for bankruptcy in 2011 with nearly $137 million in debt. A federal judge sentenced him to six years in prison and ordered him to repay $65.5 million.

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