Most Degenerate Pathological Gambler in Years.
- Thread starter FLASH1296
- Start date
No matter how many stories I hear of compulsive gamblers, I'm always amazed at how they manage to find such enormous sums of money to gamble with. The guy was earning $225,000 yearly, and he amassed 162 million? Just what were these casinos thinking when they let him stiff them for millions? You'd think the guy would realize, maybe about 2 million or so later, that he couldn't win, but I guess not.
Also, he cheated outside vendors of 65 million. He's a thief, and I hope he rots.
Also, he cheated outside vendors of 65 million. He's a thief, and I hope he rots.
aslan
Well-Known Member
But if he only cheated vendors for $65 million, there exists the possibility that he had profits of $97 million! But I know what you're thinking, and I'm thinking the same thing--what scam or cheat haven't they uncovered yet? How do you account for the remaining $97 million? If no one claims it, he may go to prison a rich man.Slick Vic said:
Somebody's going to notice $97 million in missing money. They'll find it, and when they do, there's going to be a lot of people wanting a piece of it. A guy only earning $225,000 yearly doesn't come up with $162 million in gambling money without any sort of shady dealings or foul play.aslan said:
Automatic Monkey
Banned
Classic large organization thinking. The executives who courted this guy and gave him the credit surely were assuming (correctly or incorrectly) that they would be rewarded for his action and losses and how he paid those markers would be some accountant's problem and not theirs. Those guys know exactly what a pathological gambler is and is capable of yet they disregarded it, making them in a way conspiratorial to this defrauding of a publicly-owned corporation and hopefully they will be subjects of the criminal investigation too.
If a casino extends gaming credit to a player knowing the player has no legal way to pay off the debt and will likely resort to illegal means, is there something they can be charged with when he does break a law to pay the debt?
If a casino extends gaming credit to a player knowing the player has no legal way to pay off the debt and will likely resort to illegal means, is there something they can be charged with when he does break a law to pay the debt?
zengrifter
Banned
Its not missing or stolen money - its kickbacks that he got manufacturers to pay for prime product placement, which equals increased sales, both of which they the victims got. zgSlick Vic said:
zengrifter
Banned
Going back to as least as recent as the 80s a casino would even occaissionaly do a deal where its agreed that a portion ofAutomatic Monkey said:
the lost fraud money would be made available to the swindler, outside of a court's purview. Complicit money laundering. zg
aslan
Well-Known Member
I think from a moral perspective you are dead on. But I doubt that there is anything that can be done from a legal perspective.Automatic Monkey said:
This is the same legal system that will not help a person who fears for their life from an angry or demented lover/friend/spouse/stranger. How many times have you heard the same old story--sorry, we can't do anything until he breaks the law. Then he murders his victim and we all say--the law should have done something to protect this person. But the law is not feeling--it is only reactive to violations of law.
As far as I know, morally reprehensible behavior on the part of a casino is entirely lawful. Unless the casino actually abets the person in the commission of a crime, I believe the law must find the casino innocent.
A business can always argue that it is not their responsibility to determine the mental state of every gambler, nor is it their business to determine the source of a person's gambling bankroll.
Maybe some day there will be a law that requires more than what is currently required. Maybe a just legal system would be based on each citizen being his brother's keeper. Can you imagine that?
Every corporation in the country would probably be indicted. Possibly every citizen in the country would be indicted. "Sir you knew that people were dying of starvation in Africa. Why did you not do anything? Sir, you knew that people on the poor side of town needed warm clothing, yet you did not donate any. Sir, you knew that that kid should not have enough money to buy a car for cash. Why did you sell it to him? Sir, you knew it was suspicious for that person to be hanging around the neighborhood. If you had reported it, none of your neighbors would have been burglarized. Sir, you knew that that couple you sold a house to was probably not going to be able to pay the mortgage for long. We hereby charge you with neglectful selling!! The penalty is that you must pay their mortgage shortfalls until such time that this court decides that you have paid your debt to society!"
Never going to happen!!! In this world, anyway.
callipygian
Well-Known Member
I think it's stolen money, technically, but not stolen in a way that someone would detect missing money.zengrifter said:
The scheme is simple - Fry's usually goes through middlemen to buy products; Siddiqui cut out the middlemen and went to the vendors directly. He offered them better placement in the stores if they would pay him the middlemen-related savings directly. Fry's pays the same price for goods (perhaps a little less), the vendors provide the same goods (and get better placement), and essentially Siddiqui collects on the middleman fees for himself.
Nobody on either end has self-interest to unveil the scheme.
zengrifter
Banned
On revisit: He didn't misappropriate nearly enough to cover all the gambling debt,callipygian said:
So the big 'victims' are the casinos!! Three cheers for Siddiqui!! zg