SEC v. Sam A. Antar (2019)

Settled

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The Southern District of New York entered a final consent judgment against Sam Antar on May 17, 2023, enjoining him and ordering $567,000 in disgorgement plus $88,754 in interest, with offsets for criminal restitution. He pleaded guilty in New Jersey state court and received a three-year prison term.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-24694
Date filed	2019-12-18
Date resolved	2023-05-17
Status	settled
Asset class	equities
Criminal parallel	Yes: sentenced (Antar (New Jersey state case)), 2022-12-09
Sentence	3 years
Defendants	Sam A. Antar (individual)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: $567k
Prejudgment interest: $88.8k
Total relief: $656k
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The SEC announced the complaint on December 18, 2019 (LR-24694) in the Southern District of New York, charging violations of Section 17(a), Section 10(b) and Rule 10b-5. It alleges he issued notes promising profits from share sales and made some payments to early investors from other investors' money.

The Ponzi tag is removed because the release describes a pre-IPO share fraud and theft, with payments to early investors mentioned as one use of funds.

Outcome. Litigation release 25730 (May 19, 2023) reports the final consent judgment. It permanently enjoins Antar from violating the antifraud provisions and orders disgorgement of $567,000 and prejudgment interest of $88,754, with credit for amounts paid under the restitution order in the parallel criminal action. The release adds that the New Jersey Division of Criminal Justice charged him, that he pleaded guilty to certain charges on April 22, 2022 and that on December 9, 2022 he was sentenced to three years in prison with $15,000 in restitution. The release does not say whether he admitted the allegations in the civil case.

Timeline

2019-12-18 Litigation release published
2023-05-17 Final consent judgment entered against Antar

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

Date filed	Agency	Record	Status
2019-12-18	SEC	SEC v. Sam A. Antar (2019)(this record)	Settled
2023-05-19	SEC	SEC v. Sam A. Antar (ponzi schemes, 2023)	Judgment entered

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.