The StoneZONE with Roger Stone - June 21, 2025


Sam Antar ｜ 06-20-25

Topics
Crazy Eddie scandal Letitia James mortgage fraud
Hosted by
Roger Stone Troy Smith Jake Novak
Mentioned
Letitia James William Hochul Sam Antar Donald Trump David Pollack Kathy Hochul Angel Du Bois Abraham Codd Crazy Eddie Desjardins Godspeed Hohl
The Stone Zone ｜ 06-19-25 The Stone Zone ｜ 06-24-25

Episode Stats


Length

21 minutes

Words per minute

127.01

Word count

2,693

Sentence count

207

Harmful content

Misogyny

8

sentences flagged

Toxicity

2

sentences flagged

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Sam E. Antar is a former Certified Public Accountant whose career trajectory took a remarkable turn from perpetrator to investigator of financial fraud. He was the former Chief Financial Officer of Crazy Eddie, a major consumer electronics chain in the 1980s. Sam was one of the key figures in the decades-long "Crazy Eddie" security fraud schemes. After his criminal conviction, he redirected his expertise towards forensic accounting, leveraging his firsthand knowledge of financial crime to help combat white-collar fraud.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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00:00:25.520 We'd love to talk business.
00:00:30.000 The Stone Zone on the Red Apple Podcast Network.
00:00:36.180 Welcome back.
00:00:37.780 I'm Roger Stone and we're back in the Stone Zone.
00:00:41.400 Joining me now is Sam E. Antar.
00:00:44.960 He's a former certified public accountant whose career trajectory took a remarkable turn from perpetrator to investigator of financial fraud.
00:00:55.720 You see, Sam was the former chief financial officer of Crazy Eddie.
00:01:00.500 Remember them?
00:01:01.480 A major consumer electronics chain in the northeastern United States during the 1980s.
00:01:07.220 Sam was one of the key figures in the decades, one of the decades, largest security fraud schemes.
00:01:14.180 But Sam E. Antar paid his debt to society.
00:01:19.340 And following his criminal conviction after paying the price, he redirected his expertise towards forensic accounting,
00:01:27.440 leveraging his firsthand knowledge of financial fraud to help combat white-collar fraud.
00:01:34.460 His unique perspective and technical expertise have made him an expert advisor to various clients, including law firms, government agencies, law enforcement departments, independent investment research firms, hedge funds, and others.
00:01:52.240 His website, whitecollarfraud.com, is a must-see.
00:01:58.540 Joining me now in the Stone Zone, none other than Sam E. Antar.
00:02:03.580 Sam, welcome into the room.
00:02:04.980 How are you, Roger?
00:02:07.020 Thank you for having me on.
00:02:09.140 I'm delighted to have you because, well, you always break big news and you have new big news.
00:02:16.600 A story you have just broken on your website essentially outlines the fact that Governor Kathy Hochul's husband's law firm,
00:02:28.540 Davis Polk, had a $325,000 dormant contract with the Attorney General's office.
00:02:37.660 It had been dormant for 14 months, $0 paid, nothing moved.
00:02:44.680 Then suddenly, in January, after Hochul's husband joined the firm, even after the contract had expired or, should I say, 401 days after it began and 37 days after it was expired,
00:03:04.800 they suddenly got a $231,000 payment.
00:03:09.160 Now, coincidentally, this appears to have happened contiguous with the Guardian reporting that a federal grand jury is now investigating Attorney General Letitia James for serial mortgage fraud.
00:03:26.840 So, the same day, the Hochul budget passed, including a $10 million taxpayer-funded legal shield for state officials under federal investigation.
00:03:41.300 Like with all your reports, Sam, this isn't speculation.
00:03:45.320 It's all documented right there at whitecollarfraud.com.
00:03:50.340 So, lay the story out for us, Sam.
00:03:53.420 Okay.
00:03:54.300 First of all, it's really a story about a financial triangle between Hochul and her husband and Letitia James and the law firm.
00:04:04.960 So, let's start out from the very beginning.
00:04:07.400 Let's go back to February 1st, 2023.
00:04:11.020 Davis Polk signed the contract for $325,000 with the New York Attorney General's Office.
00:04:22.740 Now, they've been doing business with other agencies, and in fact, from 2001 to 2024, they received $7 million from other New York City government agencies.
00:04:33.460 But what makes this interesting is that this contract that they signed just lay dormant.
00:04:39.640 And not only that, it was filed and approved over 400 days after the contract began, so it didn't exist on paper, at least on our paper.
00:04:55.320 In other words, it wasn't visible.
00:04:57.820 So, February 1st, the contract begins.
00:05:01.380 There are no payments for 14 months.
00:05:03.980 Exactly 11 months later, William Hochul, Kathy Hochul's husband, joins Davis Polk.
00:05:14.560 He gets $950,000 in 2024, and his employment starts on January 2nd, 2024.
00:05:23.880 On January 31st, 2024, the contract with Davis Polk expired.
00:05:32.720 No money, no visible authority for continued payments.
00:05:36.800 It just goes off the radar.
00:05:39.980 Then, on March 8th, the expired contract is filed and approved 37 days after it expired, which is about 400 days after the contract was initiated.
00:05:56.240 What the hell is going on there?
00:05:57.780 Then, on April 30th, 2024, the contract is extended because William Hochul is now part of the firm.
00:06:17.740 And on April 30th, 2004, the William Hochul's firm gets their first payment, $231,644 payable to Davis Polk, his law firm.
00:06:35.220 Okay?
00:06:36.000 Then, okay, let's fast forward, okay?
00:06:39.740 Now they're starting to get payments as soon as William Hochul joins.
00:06:43.780 Now let's fast forward it.
00:06:45.520 March 8th, 2025, the Guardian reports there's a grand jury and panels in Virginia.
00:06:58.140 Other outlets report that there's an FBI investigation out of New York.
00:07:06.080 And on that same day, Hochul goes and provides her with a $10 million defense fund.
00:07:11.140 Now, $425,000 or $400,000, $483,000 was paid to Hochul's law firm from the New York Attorney General's office, Tish James' office, before that happened, okay?
00:07:29.860 And it only happened after Hochul's husband joined the firm.
00:07:33.860 So what you have here is a financial quid pro quo, a protection network, a triangle protection network between Hochul, Tish James, and the husband's law firm.
00:07:47.880 So, Sam, let me ask what I think, guess, should be an obvious question.
00:07:53.240 The allegations against Attorney General Letitia James, which today are just the allegations, serious allegations, documented allegations,
00:08:02.640 but the allegations all involve her private conduct as a citizen.
00:08:07.460 They involve her personal mortgages and what appears to me to be a 22-year record of serial mortgage fraud.
00:08:18.240 Why should the New York taxpayers pick up the tab for her legal defense? 1.00
00:08:23.300 These are not investigations into her official actions as Attorney General, but investigations into her personal conduct.
00:08:34.340 Why should taxpayers be picking up the tab?
00:08:37.660 I agree with you. That's exactly right.
00:08:40.100 I could understand if she's sued as part of her job, as part of her duties as the Attorney General.
00:08:46.360 But this mortgage fraud predates her duties as an Attorney General and still has nothing to do with it as it occurred when she was Attorney General.
00:08:56.500 Not only that, but this mortgage fraud predates when Trump became a Republican.
00:09:02.840 He was a Democrat at the time.
00:09:04.680 See, you can't argue that.
00:09:07.520 Trump didn't put pencil to paper.
00:09:10.040 MAGA didn't put pencil to paper.
00:09:11.880 You didn't put pencil to paper.
00:09:13.660 Me, a Democrat, I didn't put pencil to paper.
00:09:16.100 All we did was look at her documents and it reveals a fraud.
00:09:19.740 And on top of that, you've got New York State taxpayers footing the bill for something that doesn't have to do with her job. 1.00
00:09:26.120 And the coincidence is that $10 million comes after Hohl's husband's law firm receives $483,000.
00:09:37.180 You know, I wasn't born yesterday.
00:09:40.200 It smells.
00:09:40.980 Go ahead. I'm sorry.
00:09:42.580 I didn't mean to cut you off.
00:09:43.900 Now, Sam, the thing that's interesting here, of course, is that Letitia James' defense on all these matters is that this is retribution or revenge by Donald Trump.
00:09:55.520 As I recall, you are not only not a Republican, you're not a Trump supporter.
00:10:01.140 No, I don't even like him.
00:10:02.940 Personally, I don't even like him.
00:10:05.140 There you go.
00:10:06.020 So this idea that you are somehow an agent for the revenge of Donald Trump is pretty laughable.
00:10:14.740 Interestingly enough, the Federal Housing Finance Administration, which has specific authority to regulate mortgages and to search for mortgage fraud,
00:10:27.360 reviewed all of the allegations that you first raised publicly.
00:10:31.780 And after their lawyers reviewed them, sent a formal letter over to the Department of Justice,
00:10:42.960 which is essentially a referral for criminal action.
00:10:47.940 Now, some have argued that although it is undisputed that the Attorney General, Letitia James, lied on these sworn forms,
00:11:02.720 signing 12 different places, by the way, so saying it was a typo is not going to fly,
00:11:07.980 saying when she applied for a mortgage in Virginia, that she and her daughter would inhabit the home in which they were borrowing to get a mortgage,
00:11:25.160 when obviously she cannot be a resident of Virginia and still legally serve as the Attorney General of the State of New York.
00:11:35.820 But some people have said, well, she may have lied, but since there was no advantage to her, there is no crime.
00:11:44.900 How would you address that?
00:11:46.960 U.S. Code, I think it's 1014.
00:11:50.580 I might have gotten the last two numbers wrong.
00:11:53.640 But under the U.S. Code and also under Supreme Court cases,
00:11:59.080 you don't even have to prove that the lender relied upon it or used it.
00:12:04.080 Or you have to show that there was an intent to influence the lender, which is squarely there.
00:12:11.700 Okay?
00:12:12.340 Another thing is, even if the lender, so therefore, if the lender does not even use the information or rely on it,
00:12:19.380 a federal crime was committed when she signed that document and turned it over to the mortgage company. 0.58
00:12:24.900 And that document, which I don't think she counted on being recorded, was recorded with the mortgage.
00:12:32.440 It's a public record.
00:12:35.060 So I don't buy that standard, well, no harm, no foul, that BS.
00:12:41.340 First of all, we don't know if there was any harm or foul.
00:12:44.040 Second of all, even if there was no harm or foul, she committed a federal crime by lying on that document.
00:12:50.900 Now, it's not just that one-off thing, okay?
00:12:55.340 You're talking about a history of false financial disclosures.
00:13:00.320 It's not like, oh, I made one mistake.
00:13:02.220 Okay, I get it.
00:13:03.120 Sometimes people make mistakes, okay?
00:13:04.980 But this is not a mistake, okay?
00:13:07.200 This was witnessed by two people in her office.
00:13:10.240 This is the Attorney General of the State of New York signing a sworn document.
00:13:14.820 And it says in caps that she intended to make it her primary residence.
00:13:21.480 And this was done about 30 or 40 days before the Trump trial. 0.90
00:13:26.400 The ultimate hypocrisy.
00:13:29.360 Well, plus, in many cases, she borrows substantially more in mortgages than the value of the property.
00:13:36.720 So, is she not inflating the value of her assets, exactly what, ironically, she accused Donald Trump of doing in a bogus case in New York under a law in which no one has ever been prosecuted?
00:13:53.860 Okay, I'm sorry to interrupt you.
00:13:55.220 It's entirely possible.
00:13:56.480 Let me explain.
00:13:57.280 She has another property in Virginia on Peroni Avenue, okay?
00:14:00.780 Now, she states that the value is between $100,000 to $150,000.
00:14:07.160 That's her. 0.88
00:14:08.400 Not me, not you, not anybody else, her.
00:14:11.980 Now, she has a $108,000 mortgage that wasn't disclosed in her financial disclosures.
00:14:19.120 So, now we have $108,000.
00:14:21.600 Let's leave out the question of why she omitted it from her financial disclosures.
00:14:25.400 Then, there are two other mortgages that are in her financial disclosures, but are not in the property record.
00:14:32.420 You want to call them phantom mortgages, unrecorded mortgages, exception.
00:14:36.240 When you add up the two phantom mortgages and the mortgages that she didn't show in the financial disclosures, it comes out to roughly $500,000 on the property that she claims was worth between $100,000 to $150,000.
00:14:51.280 That, in and of itself, is a lie, mail fraud, with her filings with New York State.
00:14:59.720 Secondary, did she file, when she applied for the mortgage, did she have an appraisal that differed from the amount that she told New York State?
00:15:08.520 Then, you've got another possible crime being committed.
00:15:11.460 So, what's going on is that the feds have to gather all of this evidence, piece it together, and present the case.
00:15:18.640 Now, I believe they have a case already.
00:15:21.280 I believe that they should have indicted already, but I understand that white-collar cases take time.
00:15:26.860 But I'm telling you now, and I'm telling the feds if they're listening, I'm watching.
00:15:30.900 And if you F up this case, you're going to be held accountable.
00:15:34.060 Well, there is no question that other people have been prosecuted for the exact same thing.
00:15:40.360 And I think it was Letitia James who said, no one is above the law.
00:15:46.840 Another story broke two days ago, an Art Voice, an upstate newspaper, that claims that a woman named Angel Du Bois claims that Letitia James covered up a sexual harassment,
00:16:03.000 and in fact, a sexual assault against her, by James' chief of staff, Abraham Codd.
00:16:10.840 There's already another lawsuit by another woman who worked in that office claiming the same thing. 1.00
00:16:19.420 So, I think you're going to hear a lot more about both of those stories.
00:16:24.660 If you're just tuning in, this is The Stone Zone.
00:16:27.880 I'm Roger Stone.
00:16:29.140 We're talking to Sam Antar, and we're breaking news right here in The Zone.
00:16:34.380 So, whatever you do, please don't touch that dial.
00:16:38.540 The Stone Zone on the Red Apple Podcast Network.
00:16:45.360 The Stone Zone, entertaining and informative on the Red Apple Podcast Network.
00:16:51.600 And we're back with one of the most interesting guests I've ever had.
00:16:55.520 And Sam Antar was a certified public accountant who was later convicted in one of the largest security fraud schemes in American history.
00:17:06.500 The Crazy Eddie scandal.
00:17:08.720 Remember them?
00:17:09.260 They were a major consumer electronics chain in the northeastern United States.
00:17:14.060 They were very hot in the 1980s until they crashed.
00:17:17.440 But Sam Antar was convicted, but paid his debt to society.
00:17:23.500 And upon finishing his sentence, redirected his expertise towards forensic accounting,
00:17:30.960 leveraging his firsthand knowledge of criminal fraud to help combat white-collar fraud.
00:17:36.740 He's kind of made a specialty at looking at our political leaders, and there's plenty of fraud to find.
00:17:43.940 He broke an amazing story, as we just outlined, in which the law firm that Governor Hochul's husband belongs to
00:17:53.160 suddenly got huge payments concurrent with a federal investigation announced into Attorney General Letitia James
00:18:03.800 and a $10 million taxpayer-funded bailout, I should say, to pay for Letitia James' legal defense. 0.96
00:18:15.720 Even though the investigation is not into James' official duties or any act she took as Attorney General, but her personal conduct.
00:18:25.480 Sam, here is my question.
00:18:27.120 New York state law is pretty tight when it comes to disclosure.
00:18:31.280 We've got about two and a half minutes left here, a little less.
00:18:34.580 Isn't Letitia James required to disclose all of these things to the state of New York? 1.00
00:18:40.000 And how has she done on that score?
00:18:43.280 Well, on her property, she's made numerous significant omissions.
00:18:49.780 For example, on her Brooklyn property, there is a mortgage that she lists on the financial statement.
00:18:58.140 It cannot be found in the property records.
00:19:00.440 There are mortgages that are in the property records but cannot be found in her disclosures.
00:19:08.260 And this goes on and on and on with the other properties that she's listed.
00:19:12.740 The Peroni Avenue thing that we just spoke about, $500,000 in loans, $100,000 to $150,000 state of value.
00:19:20.660 One mortgage there is not listed that she had on the property.
00:19:24.700 And two other mortgages can't be found in the property disclosures, those phantom mortgages.
00:19:29.620 On the other property, the Sterling Street property is completely absent from our financial disclosures to New York state.
00:19:36.340 So what you have here is not just mortgage fraud. 0.93
00:19:39.760 You have here is a lady that's just a serial liar. 1.00
00:19:44.160 Whatever she puts pen to paper, none of the information can be trusted.
00:19:50.440 Because significant omissions, significant gaps, that needs to be looked at with somebody with subpoena power that I don't have.
00:19:59.780 All right. We have to leave it there.
00:20:02.540 I want to reiterate our invitation to Attorney General Letitia James.
00:20:05.900 You're welcome to come into the Stone Zone at any time to make your case and defend yourself against any of these newsworthy allegations.
00:20:16.720 Let me thank my guest, Sam Antar, for joining us today in the Stone Zone.
00:20:21.620 Again, you can check out the documentation of everything he's reported by going to whitecollarfraud.com.
00:20:29.500 That's whitecollarfraud.com.
00:20:32.220 Until tomorrow, God bless you and Godspeed.
00:20:35.620 We'll see you back in the Stone Zone then.
00:20:38.740 Thanks for listening to the Stone Zone with Roger Stone.
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00:21:06.560 See you next time for a new episode so you never have to wonder.
00:21:10.420 What the heck is going on here?