Fry's Electronics to Omar Siddiqui: You Still Owe Us $65 Million
Fry's Electronics filed a complaint Monday, hoping to convince a bankruptcy judge that its now disgraced former vice president of marketing shouldn't be let off the hook for owing the San Jose-based company more than $65 million.
That's the amount the Internal Revenue Service first accused Ausaf "Omar" Siddiqui of Palo Alto in 2008 of embezzling from Fry's as part of an elaborate kickback scheme.
Siddiqui filed for bankruptcy in July, listing $137 million in debt, much of it gambling debt to casinos.
Many debts can be wiped clean in a bankruptcy, but the law also allows somedebts to remain