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Raising His Debt Ceiling
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A former top executive at Fry's Electronics has filed for bankruptcy after being accused of embezzling millions to cover $20 million of gambling debt at Vegas casinos. This guy would hit the casinos in full high-roller mode, demanding that his rooms be stocked with Dom Perignon and golden raisins. The question I have is this: Even assuming he made a big base salary at Fry's, how did he keep getting markers from the casinos? When he dropped a bundle, why did they extend his run with millions in loans that even the most cursory credit check would show he wouldn't be able to cover? (Las Vegas Sun)
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