Showing posts with label frys. Show all posts
Showing posts with label frys. Show all posts

Monday, December 29, 2008

Fry's VP Allegedly Embezzles $65M

Ausaf Umar Siddiqui, vice president of merchandising and operations at Fry's Electronics Inc., was arrested last week on charges he embezzled more than $65 million to fund a "lavish lifestyle and pay of gambling debits."

According to Business Week, Siddiqui who oversees merchandise acquisitions for Fry's is accused by the IRS of creating an incredibly profitable scheme. He cut side deals with some of Fry's suppliers, buying their goods at higher prices than they would normally get, and buying more of them than he normally would, in exchange for kickbacks of up to 31 percent of the total sales price.

The IRS claims Siddiqui started striking side deals with some of the suppliers, in which he would guarantee he'd keep their products stocked on Fry's shelves, in exchange for kickbacks in the form of steep commissions paid to a company he set up called PC International.

According to the Mercury News Siddiqui used the funds to live a lavish lifestyle which included fast cars and high dollar styakes. Siddiqui was a regular in Vegas often times tapping into the casinos' private credit lines for millions of dollars. The former executive earned $225,000 a year with an additional undisclosed compensation as an "equity holder" in a company, however it is reported he has spent more than $120 million in just three years at the MGM Grand and the Venetian on the Vegas Strip.

Siddiqui is being held on a $300,000 bond and is due in San Jose federal court next month to be formally charged with wire fraud and money laundering.

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Thursday, July 03, 2008

Fry's Fourth Of July Sale

For all you Independence day deal seekers Fry's will be having some great savings this fourth of July. I don't see anything mind blowing listed yet but they might have a few better deals listed tomorrow morning!

Info:
Stores open at 9AM check for your local store via the online Store Locator. Fry's typically has the same deals online or for slightly more if you don't have a store near you, however you'll be hit with shipping charges on most deals. Also, different regions have different sales, but historically Fry's holiday sales have been pretty close to the same nationwide.
Newspaper Ads:
A few of the Deals:

$250 - Intel Core 2 Quad Q9450 + ECS GF7050VT-M Motherboard (Frys #5647491)
$170 - Intel Core 2 Duo E8400 + ECS G31T-M Motherboard (Frys #582070)
$0 - 3D Fuzion FX 5500 PCI Video Card ($50 Rebate)
$50 - Antec Sonata III Mid Tower Case + EarthWatts 500W Power Supply ($30 Rebate)

$20 - Airlink AR670W 150N Wireless Router

$20 - Crucial 1x1GB DDR-400 PC-3200 Desktop Memory ($15 Rebate)
$20 - Crucial 1x1GB DDR-333 PC-2700 Desktop Memory ($15 Rebate)
$20 - Crucial 1x2GB DDR2-800 PC2-6400 Desktop Memory ($22 Rebate)
$18 - Crucial Ballistix 2x1GB DDR2-800 PC2-6400 Desktop Memory ($20 Rebate)
$40 - OCZ 2x2GB DDR2-667 PC2-5400 Notebook Memory ($25 Rebate) Thurs | Fri

$15 - Lexar 4GB Memory Stick Pro Duo ($17 Rebate)
$10 - A-DATA 4GB Micro SDHC Class 6 ($7 Rebate)

$8 - Emprex 4GB USB 2.0 Flash Drive ($15 Rebate)
$18 - Emprex 20X Internal PATA DVD -/+ RW Burner ($20 Rebate)
$18 - Emprex 20X Internal SATA DVD -/+ RW Burner ($20 Rebate)
$110 - Lite On Blu-Ray DVD Rom Drive

$20 - Orange Box (PC)
$20 - World of Warcraft (PC)
$20 - Warcraft III

$100 - Infinity Primus P362 Floor Standing Speaker

$50 - Samsung ML2510 Monochrome Laser Printer

$190 - Dyson DC07 Vacuum Cleaner (Refurbished)


There are tons more great deals and again I'm sure they'll post some even hotter deals tomorrow so make sure to check the local circular early. For more deals be sure to check Dealighted.com and the Dealighted Forums.
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Friday, May 16, 2008

Fry's One Day Anniversary Sale 5/16 Only

Fry's is currently having a one day anniversary sale with some great items. A few can be found online but some of the better deals are in-store only.

Fry's Online Ad Scans


Hot Deals:

15.4" Toshiba Notebook $399 online $379 in-store
    Intel Pentium Dual-Core T2370 1.73Ghz
    1GB DDR2 Ram
    120gig HDD
    DLDVD-/+RW
    Vista Home Premium 32Bit w/SP1


Tyris T902WDT 19" Widescreen LCD Monitor

Intel Q6600 and ECS G31T-M Motherboard for $179.99!
    Intel® Core™ 2 Quad Processor Q6600
    ECS G31T-M Socket 775 Motherboard

EVGA 7200GS 256MB PCI-E Graphics Card

Envision V-Cam II Webcam

Software Free After Mail In Rebate:

Kaspersky Anti-Virus 7.0 (3 user)

McAfee Internet Security 2008 With SiteAdvisor (3 user)
Currently sold out online

Nitro PDF Professional
Free After two rebates
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