Thursday, September 29, 2022

Upgrade Sam

 So he can drive like chuck through Beverly Hills

Yo do not have to be a fed or a gambling fool to know that Hochul

And Nassau otb cannot close on one Easter Sunday in preference to the other

Note history of Nassau otb and rights secured by ny const art 1 sec 3. See history of nyc oTB

Antar needs an upgrade



Thanks for the help. The item’s below. I’d be happy to mail you a copy, if you give me a mailing address.

Claude Solnik
Long Island Business News
2150 Smithtown Ave.
Ronkonkoma, NY 11779-7348 

Home > LI Confidential > Stop scratching on holidays

Stop scratching on holidays
Published: June 1, 2012



Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.

SEC Charges Scheme Victimizing New Jersey Jewish Community

Litigation Release No. 24694/December 18, 2019

Securities and Exchange Commission v. Sam A. Antar, No. 1:19-cv-11527 (S.D.N.Y. filed December 17, 2019)

On December 17, 2019, the Securities and Exchange Commission charged Sam A. Antar for defrauding investors, many of whom were his friends and acquaintances in a Syrian Jewish community in New Jersey.

The SEC alleges that Antar, of New York, New York, engaged in a fraudulent scheme that deceived numerous investors out of at least $550,000 while claiming he would invest in shares of companies that were not yet public. The complaint alleges that Antar told investors that he would use their funds to buy shares in emerging companies whose stock had not yet begun to trade publicly, and then sell those shares to already-identified buyers for a premium in a short period of time. Antar issued promissory notes or other agreements to investors to invest their money and return a profit to them from the purported gains on the stock transactions. In reality, the complaint alleges, Antar never used investor funds to purchase shares of emerging companies, or to make any other investment. Instead, Antar spent investor funds gambling, making gifts to family members, paying for his daughter's wedding, and making Ponzi-like payments to some early investors.

In a parallel action, the New Jersey Office of the Attorney General Division of Criminal Justice also announced criminal charges against Antar.

The SEC's complaint, filed in federal court in New York, charges Antar with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and a civil penalty.

The SEC appreciates the assistance of the New Jersey Office of the Attorney General Division of Criminal Justice.







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