The StoneZONE with Roger Stone

00:00:00.000 Back in the Stone Zone, joining me now is Sam Antar. Sam Antar is one of the most interesting

00:00:06.640 individuals I've ever come across. He's a former certified public accountant whose

00:00:11.580 career trajectory took a remarkable turn. He went from being the perpetrator of one of the

00:00:17.380 largest security fraud schemes in American history to being an investigator of financial fraud. He

00:00:24.100 was the chief financial officer for Crazy Eddie. You remember them? A major consumer electronics

00:00:29.380 change in the Northeast during the 1980s. Following his criminal conviction and his paying his

00:00:35.300 debt to society, he reinvented himself using his extraordinary forensic accounting skill

00:00:42.560 to ferret out white-collar fraud and crime. His unique perspective and his technical expertise

00:00:50.260 have made him an expert advisor to government agencies, law enforcement organizations, law

00:00:55.900 firms and accounting firms, independent investment research firms, hedge funds, and other public

00:01:01.520 companies. He is one of the most meticulous researchers that I have ever met, and he's

00:01:07.640 already established quite a track record. It was Sam Antar who discovered the 22-year crime

00:01:13.540 spree in which New York Attorney General Letitia James engaged in multiple instances of mortgage

00:01:21.300 fraud. Those conclusions by Sam Antar having now been referred to the U.S. Justice Department for

00:01:29.160 prosecution. Sam Antar has had a new analysis of the campaign of Democrat nominee Zoran Mamdani that is

00:01:40.860 mind-blowing. Sam, welcome to the Stone Zone. Thank you for having me on, Roger.

00:01:45.820 So, you were with us, I don't know, maybe it was a week ago, and you pointed out that on the New

00:01:54.340 York City's campaign finance board website, that the supposedly grassroots-oriented, people-powered

00:02:03.900 campaign, Mr. Mamdani, had received zero in small contributions, and that all of the money raised

00:02:14.440 had come from bundlers, and that one particular bundler was responsible for $1.6 million of the $1.7

00:02:22.960 million that the campaign raised. In other words, despite the fact that millions of people were

00:02:29.740 following Mamdani's campaign on Instagram, on YouTube, on X, on Facebook, not a single person

00:02:37.560 pushed that donate button on his website. How extraordinary. And then, suddenly, after you and

00:02:44.420 I had this interview, and you published your extraordinary expose, which you can find at

00:02:49.480 whitecollarfraud.com, whammo! Overnight, the New York City election board changed all of that information.

00:02:57.880 Suddenly, that major bundler disappeared entirely, and suddenly, their contributions and smaller

00:03:06.900 donations popped up out of nowhere. And of course, Politico, which is not a journalistic enterprise,

00:03:13.600 but which is a propaganda front for the Democrat Party, dutifully reported all of this as if it was

00:03:20.900 Sam Antar, who made a mistake, when in fact, it was the city campaign finance board acting in an

00:03:28.000 act of subterfuge, in my opinion. Sam? Not only that, but it was the campaign's mistake, too, because

00:03:33.960 even if, I'm saying even if, capital letters if, even if the city was at fault, still the campaign

00:03:43.320 should have looked at their own data on the campaign finance board's website. They didn't.

00:03:50.300 Okay, this is just a way of getting back at me, and that's fine, but the other part of the story,

00:03:58.320 which is extremely important, okay, is that even though he raised $1.7 million, and it's no longer

00:04:04.920 1.6 of $1.7 million in direct contribution, I'm sorry, even though he raised $1.7 million,

00:04:12.000 and it's no longer $1.6 million was bundled, there's still another part of the ecosystem that

00:04:17.920 they chose to ignore. In other words, he, two PACs that are completely aligned with him,

00:04:24.520 raised over $2 million. That's money, okay, that exceeds the amount of money he raised from

00:04:31.280 direct contributions. And when you look, when you peel at the layers, you see exactly who's behind

00:04:37.840 those PACs, and you see that he's not running a grassroots campaign. I call it, I call grassroots

00:04:44.920 grassroots washing. In other words, he's pretending to be a grassroots campaign. If you look at layer

00:04:50.020 one, when you go to layer two, you start seeing the billionaires that are behind him.

00:04:56.480 Yeah, it's quite interesting. The rhetoric doesn't match the record. In other words,

00:05:00.740 he would have us believe that this is a people-powered campaign, that he's running against

00:05:05.480 the dark money and running against the special interests. When in fact, a piece that you have

00:05:11.880 up right now exposes how he is the recipient of millions of dollars in dark money. This is,

00:05:20.040 by the way, the same exact psyop that we saw in Kamala Harris's campaign, where immediately after

00:05:27.660 she was anointed as a nominee, a nominee that not a single Democrat primary or caucus voter voted for,

00:05:37.160 not a candidate who was chosen in a completely undemocratic process, and they complain about

00:05:45.180 Donald Trump trying to be a king. They inflate the polls by oversampling Democrats to make it look like

00:05:52.080 she is either leading Trump or tied with him. They flood her campaign through Act Blue with small

00:05:59.600 donations from donors that either don't exist, or when you contact them, tell those contacting them

00:06:06.280 that they made no such contributions. Most of those donors giving many, many, many times. By the way,

00:06:13.060 all that now currently under congressional investigation. And of course, the handmaidens in the

00:06:19.320 fake news media gobbled this stuff up, creating this psyop that she was running a viable campaign.

00:06:27.160 She lost, we were told going into election day, it was nip and tuck. She had a great chance. She lost

00:06:31.960 every swing state by big numbers. And she lost the popular vote. Donald Trump being the first Republican

00:06:38.620 to carry the popular vote in decades. So I see the same thing happening here. The rhetoric sounds great.

00:06:46.020 It's a people campaign in the sense that they falsify where their money come from, and then they use that

00:06:53.200 money to spread his populist-sounding agenda. This is a recycling of the hope and change that we saw

00:07:02.280 under Obama. It all sounds great. I mean, free bus transportation, that sounds great to a lot of

00:07:09.040 people. Defunding the police? Opening Rikers Island? Letting everybody out? Not so great, if you ask me.

00:07:17.760 So they take this elitist money. I don't want to let you break this down in a moment. They take this

00:07:24.960 elitist money, they use it for mass advertising, and they come up with this faux populist agenda.

00:07:31.600 My final point. Memdami's rise is very much like the rise of Donald Trump. He's perceived as an outsider

00:07:38.180 challenging a corrupted system. The difference is their prescription to fix it. His prescription

00:07:46.300 is known as communism, and at worst, socialism. If you look at his issue agenda, it is, first of all,

00:07:55.560 soft on crime. Do away with cash bail entirely. Essentially, he says that violence is a social

00:08:02.820 construct. That means, tells me, he's going to open Rikers Island. He wants to defund the police,

00:08:09.120 as I say. And then he wants to raise taxes on, let me say it, white people. That's what he said.

00:08:15.060 He can't unsay that, although his surrogates keep saying, well, that's not what he meant. No,

00:08:18.700 that's exactly what he meant. Sam, who are the two major dark money operations that funded this

00:08:25.940 grassroots revolution? Let me get to the first one, which is really interesting.

00:08:31.340 Out of the $2 million that spent Buddy's PACs that exceeded the amount of money he raised

00:08:37.280 generically, which is $1.7 million, $1.3 of that $2 million comes from a PAC called New Yorkers for

00:08:45.340 lower cost. And you think, okay, New Yorkers for lower cost. It's New Yorkers, right? But 71% of

00:08:51.420 the money that went into that PAC came from out-of-towners. And these were not regular out-of-towners.

00:08:58.380 These were billionaires. And people from out-of-state, you know, it's, and they're pretending

00:09:06.580 to be New Yorkers. They're not New Yorkers. They don't have to live with the consequences of

00:09:10.840 putting this guy in. They're just, you know, they're just supporting them. One of the tech

00:09:16.280 billionaires that, that, that supported this PAC is a guy by the name Tom Preston Werner. He's the

00:09:22.040 co-founder of GitHub. He gave them $20,000. The big money that comes into this PAC comes from

00:09:28.720 out-of-towners. A guy by the name Munib Azhar, $151,000. This guy Munib, this guy Ali, another

00:09:36.920 $100,000. Zaman, another $100,000. All of these people, okay, 40% of the money going into this PAC

00:09:44.700 came from just five people and they're all out-of-towners. So between the billionaires and

00:09:50.180 the out-of-towners and the billionaire out-of-towners, you know, it makes it look like it's grassroots,

00:09:54.500 but it's not grassroots. 71% of the money came from out-of-town donors. That is number one.

00:10:01.660 Number two is you have the working people, working families party PAC. They spent $762,000

00:10:10.400 to, to help Momdani and also oppose Cuomo, okay? The working families PAC received $300,000. This

00:10:20.840 is where you go layers deep. The working families party received $300,000 from another PAC called

00:10:28.580 Leaders We Deserve, okay? Leaders We Deserve, according to a Democratic analyst, a guy that's,

00:10:35.040 you know, that's a Democrat, only spends 28% of its money on Democratic candidates and the

00:10:41.400 rest go to their cronies.

00:10:42.740 Another point to make is that this PAC is backed by Phoebe Gates, billionaire daughter to billionaire

00:10:54.300 Bill and Melinda Gates, Steven Spielberg, and this guy Ronald Conway, who is the Silicon Valley

00:11:01.520 godfather who invested early in Google and Facebook. Now, I doubt that Spielberg is anti-Israel,

00:11:08.560 but does he know where his money is going? Does he know what people are doing with the money

00:11:13.120 and what he's attaching himself to? These organizations, okay, are funded by billionaires.

00:11:18.740 They're not me and you and mom and pops and our uncles and cousins. No. These are people that are

00:11:25.620 very, very wealthy that are behind the Mondani campaign. Everything else is just the front.

00:11:30.680 Excellent, excellent analysis. It is interesting here. Key takeaway, as you point out, that PAC spending

00:11:40.100 to benefit Mamdami's direct campaign contributions were 18.4% greater than what the candidate himself

00:11:47.900 raised for his own campaign. So much for the idea that his campaign was about rejecting elitist influence

00:11:55.820 and was a challenge to dark money. Everything about this guy seems to be relatively fraudulent,

00:12:04.820 but his agenda for New York City is not fraudulent. It's downright dangerous. I had a vigorous

00:12:10.980 conversation with former Congressman Pete King on the radio the other day. I have huge respect for Pete

00:12:16.560 King. He was a great member of Congress. He seems to favor former Mayor Eric Adams. And I think

00:12:24.460 I think Congressman King would like to see the field narrowed to give Adams a better chance to stop

00:12:31.760 Mamdami. I respectfully disagreed with him, despite the fact that our disagreement doesn't diminish in

00:12:37.960 any way my admiration and respect for Pete King. He's a great American patriot. But I do see the

00:12:46.200 frustration of the frustration of the divided operation. I've talked to Curtis Sliwa, the Republican

00:12:52.540 nominee. Wild horses could not get him out of this race. Eric Adams is the incumbent. He's filed as an

00:13:02.040 independent. All public polls and private polls show him running last, by the way, in this contest.

00:13:08.600 Uh, I think he is committed to the race as a, perhaps as a way to stay out of prison. There's still

00:13:14.320 three, uh, still three sealed indictments against him. Uh, and then of course you have former governor

00:13:22.040 Andrew Cuomo. Uh, Andrew Cuomo, uh, is a political animal. Uh, but I also think his time may have passed.

00:13:30.140 He's carrying very, very substantial negatives, uh, because of the Me Too charges against him and the

00:13:37.980 systematic, uh, I would say deconstruction of Andrew Cuomo, uh, by Attorney General Leticia.

00:13:46.540 Nobody is above the law, James. Uh, and, uh, but he still continues to run second in the race.

00:13:54.320 Whether he will continue to run as an independent, having qualified for an independent line is, uh,

00:14:00.600 is probably the hottest question in New York political circles. Uh, if he were to withdraw,

00:14:07.160 where does his vote redistribute? Most of them are Democrats, but they're not socialist Democrats.

00:14:13.460 They're not likely to be progressive Democrats. Uh, do they go to Adams? It's unlikely that they go

00:14:20.220 to Sliwa, but Sliwa did get 30% of the vote, uh, which is actually a high watermark for Republicans

00:14:26.280 in his last race for mayor. Uh, it's an intriguing race. We're going to be following it very closely here

00:14:32.700 in the stone zone. If you're just tuning in, we're talking to Sam Antar. Uh, he is the editor and publisher

00:14:39.960 of whitecollarfraud.com, whitecollarfraud.com. I urge you to check out his website. Uh, he's laid out

00:14:47.240 all the documentation of all of the numbers that we talk about here today. Uh, and he's demonstrated,

00:14:55.000 uh, that the Mondami campaign, which being told is a grassroots phenomena, uh, is actually being

00:15:01.140 financed with dark money, uh, with big contributions from, from elites. Uh, and it's amazing how the

00:15:09.060 city's campaign finance board website, uh, once Sam Antar revealed that they showed no small

00:15:16.500 contributions and all of their money coming through one bundler completely changed that overnight.

00:15:22.580 You're listening to the stone zone. I'm Roger stone. Whatever you do, don't touch that dial because

00:15:26.960 we'll be right back. And we're back in the stone zone with Sam Antar, the fraud investigator

00:15:36.720 extraordinaire. Uh, Sam, you wanted to comment on Curtis Sliwa's, uh, campaign for mayor. Yes. In

00:15:44.880 contrast to the propaganda you get that, um, Zoram Mamdani is a grassroots candidate. The only real

00:15:53.280 grassroots candidate in this race is Curtis Sliwa. He only raised $300,000 in private funds versus

00:16:02.240 Mamdani $1.7 million. He spent only $250,000 compared to Mamdani excluding PACs of about $8.7 million.

00:16:14.480 Okay. So on, on, on yield per vote, dollar per vote, Sliwa is spending far less money to get

00:16:22.160 far more votes. So therefore he is the only candidate that I could see. I'm looking at the

00:16:28.480 data right over here in front of me. That is grassroots. Yeah. It's very interesting. According

00:16:33.200 to the New York campaign finance board's filing, the working families national PAC is led by a

00:16:38.560 Joe Dinkin who also serves as the national deputy director of the working families party.

00:16:44.080 While it's treasurer is a Mike Boland holds the position of chief of staff to the national

00:16:50.000 working families party. The PAC's mission statement explicitly states that it exists to

00:16:54.800 support candidates endorsed by the working families party. Okay. So far, so good. Uh,

00:16:59.840 and it's spending a reflexes alignment. Every dollar in direct sport went to candidates with

00:17:05.280 the working family party's official 2025 ranked choice endorsement slate. Uh, but another $540,000

00:17:13.840 was a spent attacking the working families nemesis, Andrew Cuomo. This organizational structure,

00:17:20.560 if you ask me, raises serious questions about this institutional alignment complies with New York

00:17:26.400 City campaign finance rules, specifically rule 5-03 section E, which requires independence between

00:17:35.360 campaigns and expenditure committees. The systematic coordination between party endorsements and PAC spending

00:17:41.360 funding, suggests that the independence party may have been more than structurally operational.

00:17:47.680 This funding structure actually fundamentally questions how, uh, authentic this is. How does a $300,000

00:17:55.760 transfer from a PAC that spent 72 percent of its money on consultant enrichment represent the

00:18:02.400 authentic grassroots support that formed the foundation of Mandami's political brand?

00:18:08.640 That is correct. And also, you know, as I, as I go deeper, because you know, right now we're at layer

00:18:14.720 two, we'll get to layer three eventually. But as you go, you can see that a lot of these entities

00:18:20.080 supporting Mandami have overlapping managements. This one's a treasurer here while a secretary there.

00:18:28.160 This one is the, uh, the head of the PAC here, where he's the co-head of another packet. We have,

00:18:34.960 we have a situation here where it's just a, it's just a game of musical chairs. That's all it is.

00:18:41.760 And this is very, very professionally structured. So while it may be, it may be, let's say it is

00:18:49.120 within the law, it violates the spirit of the law at the very least. And personally, I don't,

00:18:55.280 I don't think it's within the law, but that's for lawyers to determine and for federal investigators.

00:18:59.920 But at least, but for sure, it violates the spirit of the law. So in substance, maybe not in legal

00:19:06.240 form, they are breaking the law. All right. I want to thank our guest, Sam Antar. Again,

00:19:11.680 he's the editor and publisher of whitecollarfraud.com, an incredible website. Urge you to check it out,

00:19:18.800 because the great thing about Sam is he documents with the actual documents, everything that he says

00:19:25.200 here on the show and everything he says in his great commentary. I also want to thank you for

00:19:31.120 joining us five days a week in the Stone Zone, where we talk politics, news, history, style,

00:19:39.200 and once in a while, we talk about food because, well, I love to eat. Until tomorrow, God bless you,

00:19:46.320 and Godspeed. And as Donald Trump would say, God bless America.

00:19:51.520 Thanks for listening to the Stone Zone with Roger Stone. You can hear the Stone Zone with Roger Stone

00:19:58.320 weeknights at eight on 77 WABC. If you like the podcast, share it with your friends and listen

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00:20:20.400 time for a new episode so you never have to wonder. What the heck is going on here?

Sam Antar ｜ 07-09-25

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