He was convicted and jailed last year on theft by deception charges involving nearly $350,000. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme.
Eddie Antar defrauded investors out of more than $74 million, and died in 2016. The company did not respond to requests for comment beyond what is contained in its court filing.Īntar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. “Rather than accept accountability for his own actions, Antar blames BetMGM for his crimes, falsely claiming that BetMGM preyed upon his alleged gambling addiction.” “Sam Antar is a convicted felon and repeat fraudster who has pled guilty to defrauding numerous individuals out of hundreds of thousands of dollars in false stock investment schemes,” MGM wrote in its June 9 response to Antar’s litigation, filed in U.S. The company also denies it violated any New Jersey laws. MGM is asking a federal judge to dismiss Antar’s lawsuit and refer the matter to arbitration, which it says is required by the terms of service to which Antar agreed when he opened an online gambling account with the company.
