Case library · The Con
The Discount Electronics Chain
United States v. Antar (1995)
Charge: Racketeering conspiracy, securities fraud and mail fraudCourt: U.S. Court of Appeals, 3d Cir. (on appeal from D.N.J.)State: New JerseyDocket: The Con
The facts
The founder of a discount electronics chain built it from a small shop into a multi-state retailer with over $300 million in yearly sales. Prosecutors said he and his brother kept cash takings off the books for their own use, and filed false accounts with the regulator so that earnings looked like they were climbing steeply. Year-end stock counts were padded and shares were sold to the public on those numbers. At trial the judge's own remarks about getting money back for the public became an issue.
You have the facts the court had. Guilty or not guilty? Call it in the game with your friends, then see what the court actually decided. Wrong call, you drink.
Citation: United States v. Antar, 53 F.3d 568 (3d Cir. 1995) (No. 94-5228)
Read more at openjurist.org. The source reveals the outcome.