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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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To: StockDung who wrote (5521)9/19/2014 1:21:17 PM
From: ravenseye   of 5673
 
the apple doesn't fall far from the tree ... so many sams in one family!

Nephew of Crazy Eddie founder gets prison in his own investment scam
By Ted Sherman | The Star-Ledger
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on August 08, 2013 at 7:00 AM, updated August 08, 2013 at 7:57 AM
nj.com
...Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour.

The money involved was dwarfed by the Crazy Eddie saga, which bilked investors out of more than $145 million in the late 1980s. Sam Antar was charged with taking $225,000 from an investor in January 2011 so he could purchase electronics equipment he purportedly planned sell at a mark-up through an Eatowntown company called S&H Closeouts LLC, according to the U.S. Attorney’s office.

Instead, federal prosecutors said, Antar took the money and used it to gamble and buy stock options.

Antar, 37, of New York, pleaded guilty in January to the scheme. In addition to the prison term handed down Wednesday, he was also ordered by U.S. District Judge Joel A. Pisano in Trenton to make $445,429 in restitution and penalties. ...
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