Biggest tidbit - this guy didn't use a shredder or try to cover his tracks at all.

I read/skimmed through most of that...pretty bland. Just stated the findings. Sounds like he's F'ed though, they recovered all kinds of evidence and promissory notes from his office that outlined where money was going and who was providing and such.

@hamsangwich:

Not surprising... he got busted because someone walked into his office and found the kickback worksheets spread out all over his desk while he was out.

You'd think with connections to Fry's, he could have afforded a low-tech lock.

correct me if i'm wrong, but isn't this exactly how the insurance industry is structured in the u.s.? this complaint looks very similar to the one made by spitzer in the case against aig a few years back.

Wow, sounds like Fry's will cease dealing with a couple of their larger customers in the next day or so... Firms like ECS and BTC were overcharging up to 35% on the stuff they sold to Fry's. OUCH.

Criminal mastermind? No.

Not that I would commit this kind of crime, but you can bet if I did I would NEVER

a) Print any hard copy of any financial transaction.
b) Bring said hard copy anywhere near my corporate office.
c) Leave said hard copy ON MY DESK IN PLAIN VIEW while I left the office FOR ANY REASON WHATSOEVER. INCLUDING DEATH OR SCARLETT JOHANSEN.

@m4ximusprim3: Maybe Scarlett. But even then, I'd take 30 seconds to shred the documents first.

I like the "Trash run" section (p 24/26). The thought of feds routing through trash makes me smile for some reason.

@scoobydoo: I am not sure how much lower in price those two brands could go. Those are our basement brands that have a high return rate. For the price though, it's worth taking a risk.

"the general marketing agreement above identified "PC International's" place of business as 800 East Charleston Rd, Palo Alto, CA. This address has been confirmed to be SIDDIQUI'S residence through surveillance, a search of SIDDIQUI'S personnel records, a search of SIDDIQUI'S bank records, and through a country records search."

reminds me of:

"I can't believe what a bunch of nerds we are. We're looking up "money laundering" in a dictionary."

@gatewaytoheaven: Looks like Airlink101 was also involved (via "Phoebe Micro"). If they too were charging 35% too much, imagine how cheap that stuff could actually go for!

All in all I'm pretty pissed off. I've purchased quite a lot of the stuff from companies involved. Yes, I got a decent deal, but apparently Mr Siddiqui made quite a decent amount off me too :(

@mac-phisto: heh heh. Back up in your ass like the resurection!

Can I have his job? I don't steal and I'm good at cleaning up messes.

@Parapraxis: he got busted because someone walked into his office and found the kickback worksheets spread out all over his desk while he was out

Someone missed out on a golden opportunity for blackmail with very little work involved.

Their book keeper must suck if s/he can't account for 65 million dollars.

The book keeper at the company I work for freaked out when he couldn't find $1.45 in his double ledger. He was there for 10 hours looking for it in his books and through all the invoices.

Turns out a credit got back dated and it screwed up his end of month accounting.

@Canino:

I bet 1/65th of $65 million buys a hitman that actually does the job properly.

If there's anything you should never do: You shouldn't blackmail someone with money if you value your life.

@shepd: But when you blackmail people without money, they whine so much it kills the fun.

@Canino: "Let me get this straight. You think that your employer, one of the richest men in the world, is spending his nights running around the world getting kickbacks from manufacturers and doing the spreadsheets with his bare hands? And your plan is to blackmail him? Good luck with that."

@scoobydoo:

that just blows my mind. all those brands are their cheapest sale products. somehow frys musta been eating a loss on those products if they were being overcharged.
else the real cost of those parts is mindblowingly low. when on sale those wifi cards and routers are like 10-20 dollars. not much room left to cut.

@sonneillon:
it wasn't missing. he got the suppliers to charge more and pay kickbacks.