washingtonpost.com on December 09, 2011 reported that a former Fry’s Electronics executive convicted of wire fraud and money laundering in a multimillion dollar kickback scheme has been sentenced to six years in prison. Ausaf Siddiqui was also ordered on Thursday to pay $65.5 million in restitution. Last week, Siddiqui’s lawyer asked U.S. District Judge Jeremy Fogel for a three-year sentence rather than the six-year term negotiated in a plea agreement. He said his client committed the crimes to pay off enormous debts resulting from a gambling addiction.
The original article can be found at washingtonpost.com.