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Ausaf Umar Siddiqui
Ausaf Umar Siddiqui (born 1966) also known as Omar Siddiqui, is a Pakistani-American former corporate executive who was a vice president of Fry's Electronics. He is known to have gambled over $162 million in Las Vegas from 2005 to 2008 after embezzling money from his employer through money-laundering and wire fraud. He pled guilty and declared bankruptcy in 2011 after remaining listed as $137 million in debt. Business background Siddiqui was hired by Fry's Electronics in 1988. Omar was eventually promoted to vice president of merchandising and operations. He received an annual salary of $225,000. Siddiqui negotiated with suppliers to pay higher prices in exchange for kickbacks which amounted to as much as 31%. He set up a shell company PC International, which hid the $65.6 million in kickbacks. Gambling Siddiqui reportedly wire transferred $70.4 million to The Venetian Las Vegas between 2005 and 2008. He was known by casino employees as a "blackjack machine", according to one casin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fry's Electronics
Fry's Electronics was an American big-box store chain. It was headquartered in San Jose, California, in Silicon Valley. Fry's retailed software, consumer electronics, household appliances, cosmetics, tools, toys, accessories, magazines, technical books, snack foods, electronic components, and computer hardware, in addition to offering in-store computer repair and custom computer building services. Fry's began with one store in Sunnyvale, California, and expanded to 34 stores in nine states at its peak in 2019. On February 24, 2021, Fry's announced the immediate and permanent closure of all of its stores. A statement posted on its website cited "changes in the retail industry and the challenges posed by the Impact of the COVID-19 pandemic on retail, COVID-19 pandemic". History In 1972, Charles Fry sold the Fry's Food and Drug, Fry's Supermarkets chain based in California for US$14 million to Dillons. He gave a portion of the proceeds, around $1 million, to each of his s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas
Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-largest in the Southwestern United States. According to the United States Census Bureau, the city had 641,903 residents in 2020, with a metropolitan population of 2,227,053, making it the 24th-most populous city in the United States. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. Most of these venues are located in downtown Las Vegas or on the Las Vegas Strip, which is outside city limits in the unincorporated towns of Paradise and Winchester. The Las Vegas Valley serves as the leading financial, commercial, and cultural center in Nevada. Las Vegas was settled in 1905 and officially incorporated in 1911. At the close of the 20th cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Embezzling
Embezzlement (from Anglo-Norman, from Old French ''besillier'' ("to torment, etc."), of unknown origin) is a type of financial crime, usually involving theft of money from a business or employer. It often involves a trusted individual taking advantage of their position to steal funds or assets, most commonly over a period of time. Versus larceny Embezzlement is not always a form of theft or an act of stealing ''per se'', since those definitions specifically deal with taking something that does not belong to the perpetrators. Instead, embezzlement is, more generically, an act of deceitfully secreting assets by one or more persons that have been ''entrusted'' with such assets. The persons entrusted with such assets may or may not have an ownership stake in such assets. Embezzlement differs from larceny in three ways. First, in embezzlement, an actual ''conversion'' must occur; second, the original taking must not be trespassory, and third, in penalties. To say that the takin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Vice President
A vice president or vice-president, also director in British English, is an officer in government or business who is below the president (chief executive officer) in rank. It can also refer to executive vice presidents, signifying that the vice president is on the executive branch of the government, university or company. The name comes from the Latin term ''vice'' meaning "in place of" and typically serves as ''pro tempore'' (Latin: ’for the time being’) to the president. In some countries, the vice president is called the ''deputy president''. In everyday speech, the abbreviation ''VP'' is used. In government In government, a vice president is a person whose primary responsibility is to act in place of the president on the event of the president's death, resignation or incapacity. Vice presidents are either elected jointly with the president as their running mate, or more rarely, appointed independently after the president's election. Most governments with vice preside ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kickback (bribery)
A kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered. Generally speaking, the remuneration (money, goods, or services handed over) is negotiated ahead of time. The kickback varies from other kinds of bribes in that there is implied collusion between agents of the two parties, rather than one party extorting the bribe from the other.Wrage, Alexandra Addison. ''Bribery and Extortion: Undermining Business, Governments, and Security.'' Westport, Conn.: Praeger Security International, 2007. p. 14. The purpose of the kickback is usually to encourage the other party to cooperate in the scheme.Kranacher, Riley, and Wells, p. 387. The term "kickback" comes from colloquial English language, and describes the way a recipient of illegal gain "kicks back" a portion of it to another person for that person's assistance in obtaining it.Campos, p. 299. Types and methods The most common form of kickback involves a vendor sub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Venetian Las Vegas
The Venetian Las Vegas is a luxury hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States. It is owned by Vici Properties and operated by Apollo Global Management. It was developed by businessman Sheldon Adelson through his company, Las Vegas Sands. The Venetian was built on the former site of the Sands Hotel and Casino, which was closed and demolished in 1996. Construction on the Venetian began in April 1997, and the resort opened on May 4, 1999. Some amenities had yet to be finished, with construction continuing until the end of the year. Subcontractors later filed mechanic's liens against the resort for unpaid work, leading to lengthy litigation. The Venetian also feuded with the Culinary Workers Union regarding Adelson's decision to open the property as a non-union resort. The Venetian was designed by Stubbins Associates and Wimberly Allison Tong & Goo. The resort is themed after Venice and has replicas of numerous landmarks from the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dom Perignon
Dom or DOM may refer to: People and fictional characters * Dom (given name), including fictional characters * Dom (surname) * Dom La Nena (born 1989), stage name of Brazilian-born cellist, singer and songwriter Dominique Pinto * Dom people, an ethnic group in the Middle East and North Africa * Dom (caste) or Domba, an ethnic group in India Arts and entertainment * ''Dom'' (film), a 1958 Polish film * ''DOM'' (album), a 2012 album by German singer Joachim Witt * DOM (band), a pop/electronic solo musical project by Dominic Cournoyer * "Dom", a song by Doda (featuring Bedoes) from '' Aquaria'', 2022 Linguistics * Differential object marking, a linguistic feature * Dom language, spoken in Papua New Guinea Places * Dom (mountain), Switzerland, the third highest mountain in the Alps * Overseas department, (''Département d'outre-mer''), a department of France that is outside metropolitan France * Dóm Square, a large town square in Szeged, Hungary * Dominican Republic (ISO 3166-1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Grand Las Vegas
The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. It is owned by Vici Properties and operated by MGM Resorts International. The resort was developed by Kirk Kerkorian through his company, MGM Grand, Inc. Kerkorian had previously developed another MGM Grand, opened on the Strip in 1973, renamed Bally's in 1986, and again renamed Horseshoe in 2022. Planning began in 1989 for the new MGM Grand. The resort opened on December 18, 1993. With more than 5,000 rooms, it was the largest hotel in the world at the time of its opening. Much of the hotel is 30 stories, excluding a 14-story section, which originally opened as the Marina Hotel in 1975. The MGM Grand includes a casino, the world's largest at the time of opening. The resort's dominant theme was the 1939 MGM film '' The Wizard of Oz'', although such theming would be removed during a two-year renovation that began in 1996. The MGM originally opened with a theme park, MGM Grand Adv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Sands
Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada, United States. It was founded by Sheldon Adelson, Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian Las Vegas, The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022. The company holds several resorts in Asia, including Marina Bay Sands in Singapore, which opened in 2010. Through its majority-owned subsidiary Sands China, the company owns several properties in Macau, including Sands Macao, The Londoner Macao, The Venetian Macao, and The Parisian Macao. As of 2020, it is the third-largest casino company worldwide by revenue. History Development on the Las Vegas Strip Entrepreneur Sheldon Adelson, Sheldon G. Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1966 Births
Events January * January 1 – In a coup, Colonel Jean-Bédel Bokassa takes over as military ruler of the Central African Republic, ousting President David Dacko. * January 3 – 1966 Upper Voltan coup d'état: President Maurice Yaméogo is deposed by a military coup in the Republic of Upper Volta (modern-day Burkina Faso). * January 10 ** Pakistani–Indian peace negotiations end successfully with the signing of the Tashkent Declaration, a day before the sudden death of Indian prime minister Lal Bahadur Shastri. ** Georgia House of Representatives, The House of Representatives of the US state of Georgia refuses to allow African-American representative Julian Bond to take his seat, because of his anti-war stance. * January 15 – 1966 Nigerian coup d'état: A bloody military coup is staged in Nigeria, deposing the civilian government and resulting in the death of Prime Minister Abubakar Tafawa Balewa. * January 17 ** The Nigerian coup is overturned by another faction of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Living People
Purpose: Because living persons may suffer personal harm from inappropriate information, we should watch their articles carefully. By adding an article to this category, it marks them with a notice about sources whenever someone tries to edit them, to remind them of WP:BLP (biographies of living persons) policy that these articles must maintain a neutral point of view, maintain factual accuracy, and be properly sourced. Recent changes to these articles are listed on Special:RecentChangesLinked/Living people. Organization: This category should not be sub-categorized. Entries are generally sorted by family name In many societies, a surname, family name, or last name is the mostly hereditary portion of one's personal name that indicates one's family. It is typically combined with a given name to form the full name of a person, although several give .... Maintenance: Individuals of advanced age (over 90), for whom there has been no new documentation in the last ten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhajir People
The Muhajir people (also spelled Mohajir and Mahajir) () are a multi-origin ethnic group of Pakistan. They are the Muslim immigrants of various ethnic groups and regional origins, who migrated from various regions of India after the 1947 independence to settle in the newly independent state of Pakistan, and their descendants. A significant population of the community settled in Karachi and other major urban centres of Pakistan. The total population of Muhajrs worldwide is estimated to be around 15 million, and the overwhelming majority of this figure (14.7 million) is located in Pakistan, according to the 2017 Pakistani census. Though the official controversial 2017 census of Karachi, which has historically hosted the country's largest Muhajir population, has been challenged by most of Sindh's political parties. Etymology The Urdu term ''muhājir'' () comes from the Arabic ''muhājir'' (), meaning an "immigrant", or "emigrant". This term is associated in early Islamic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
