HORSEPLOP.COM
General Category => Harness Racing => Topic started by: Inside The Track on August 27, 2024, 07:54:13 PM
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AMAC'S Racing Fraud About To Be Exposed. Screwed Over The Wrong Shareholders. Reports Pa Racing Commission Investigating Recent Sales Of Horses. SEC Charges Coming And IRS Involved. This Is America AMAC Not Canada. We Been Posting For Months That AMAC And The Stable Are Not In Compliance With SEC Regulations. They Took Down Al Capone For Less.
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AMAC'S Racing Fraud About To Be Exposed. Screwed Over The Wrong Shareholders. Reports Pa Racing Commission Investigating Recent Sales Of Horses. SEC Charges Coming And IRS Involved. This Is America AMAC Not Canada. We Been Posting For Months That AMAC And The Stable Are Not In Compliance With SEC Regulations. They Took Down Al Capone For Less.
Good tmbz1
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This is horrible news as today i found out about the carrot industry and this could break many farmers,,,,,,,,,, This industry today is based on hay and oats and carrots,,,,,,,,,, Amac is like a dollar store as he got rich one dollar at a time,,,,,,,,,,,,AMAZING
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Next, they should investigate the drive his ugly brother put on with GasLight Hall in the 5th
He deserves days for that stiff job
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Andy Miller is his brother?
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I call bullshit as far as SEC goes. This is a hobby for most not an investment
SEC Involvement:
Securities Laws Compliance:
Investment Contracts: If the fractional ownership arrangement is structured in a way that resembles an investment contract (i.e., it involves pooling funds with the expectation of profits primarily from the efforts of others), it could fall under the SEC's jurisdiction. This is particularly relevant if the arrangement is marketed as an investment opportunity rather than just a hobby or shared ownership experience.
Regulation D or Other Exemptions: If the fractional ownership is considered a security, the offering may need to comply with SEC regulations, such as those related to Regulation D (which provides exemptions from registration for certain private offerings) or other relevant regulations.
Disclosure and Transparency:
If fractional ownership is classified as a security, the entity offering the shares might be required to provide specific disclosures and adhere to transparency standards to protect investors. This includes providing information about the risks involved, the management of the horse, and any potential returns.
Fraud Prevention:
The SEC also plays a role in preventing fraud and ensuring that investors are not misled. If there are fraudulent practices or deceptive marketing in fractional ownership offerings, the SEC can take action.
Other Regulatory Bodies:
State Regulations: In addition to the SEC, state regulators might have rules that affect fractional ownership, particularly concerning gambling and investment practices.
Racing Authorities: Organizations like the Jockey Club or other horse racing regulatory bodies often have their own rules and guidelines for ownership and racing operations.
In summary, while the SEC might not be directly involved in all aspects of horse racing fractional
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al capone..really??
he was a known bootlegger, gangster and murderer
and yes they caught him on tax evasion
thats the comparison ??
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It's a business for AMAC and he is the one who would be charged with defrauding the shareholders. Hobby or not for most, AMAC would be the one accused of stealing/misleading them. I'm not so sure it will happen, but I do think it would be possible.
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Is the op the guy who facebooked about a disagreement with the handling of a horse at the meadows.
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al capone..really??
he was a known bootlegger, gangster and murderer
and yes they caught him on tax evasion
thats the comparison ??
Putting Al in prison for less , is the comparison. But, you that.
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Only a matter of time this fraudster goes down..been cheating people for years..sells horses under the owners nose and pays them nothing..actually the only ones making money are the USTA and STBRDCA..cause all the owners still need to be licensed.
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I hope a horse kicks him
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His videos are like the Griswolds going to Wally World. He lures you in like he’s a great family guy but he’s a stone cold fraudster.
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mr albatross, sounds like you got stung in the sting??
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mr albatross, sounds like you got stung in the sting??
More like a disgruntled ex shit shoveler is my guess. Not many investors posting negative shit. Just jealous horse people.
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What makes somebody a good guy,,,,,,,,,,, To me if someone does trust me with their money i feel honored and try to protect their investment with care and if anyone believes Amac is doing so they live in a dream world,,,,,,,,,,,, In this world today are good guys are bad guys in many cases and you just have to look at MEXICO AND THE SINALOA CARTEL as many people think they are great as they give huge money to the church and help the needy with food and they forget about all the murders plus all the junkies they create and that is how many owners and trainers look at this game,,,,,,,,,,, This site reminds me of a white old boys club,,,,,,,,,,,,,,, At most tracks they leave 6 wide and 2 or 3 guys give up holes and the 2 chalks remove and the horse that ends up parking are no figures and that soft second quarter kills the race and that is almost every race,,,,,,,,,,Does anyone here not remember when Ron pierce created the race of the century by stinging paul macdonnel with ART OFFICIAL OR THE HOT PACE AND le baron rouge flying down the track and everyone loved LE BARON ROUGE and today i do not care if you do not call it cheating watching the boring crap i see everyday because it is cheating and if people on this site that own horses protect these cheats by calling people that bring out truths about this game by calling the people that call out cheats by calling them jealous ,,,,,,,,You people invest the 2 thousand and look at your money disappear and here is the truth that most people do not know they are getting scammed,,,,,,,,,,,,Most people that like AMAC like him because he puts horses on the track and that helps them,,,
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AMAC'S Racing Fraud About To Be Exposed. Screwed Over The Wrong Shareholders. Reports Pa Racing Commission Investigating Recent Sales Of Horses. SEC Charges Coming And IRS Involved. This Is America AMAC Not Canada. We Been Posting For Months That AMAC And The Stable Are Not In Compliance With SEC Regulations. They Took Down Al Capone For Less.
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Complete falsehood . We bought into The Stable a few years ago, we sold when AM said sell and did not reinvest . Prior to buying in we had our lawyer look over th agreement, stable contract. It was something like 5 pages. He per the contract has completely control over all sales and management of horses.
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Is the op the guy who facebooked about a disagreement with the handling of a horse at the meadows.
Good question but at least what I saw, that guy looked like a complete tool and got told as much.
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White Rabbit just the fact that you did not get back in after your horse was sold speaks volumes.
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It just wasn’t the right experience for owners that are established in business
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I like how AMAC brags that Rose Run Speedster built his empire. That horse was owned with mega horse doper Rene Allard simultaneously with AMAC. It's right in the USTA records.
AMAC has a new invoice scam on his non-rich clients. He pretends not to receive payment for Stable Bills and double bills the next month. When you question if they received payment, no-one responds. It seems like this shitbag is trying to front load yearling capital on clients that are quiet or he's never met or that he thinks he can straight rip off.
He has no business records. I can't wait to see this moron get audited.
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I like how AMAC brags that Rose Run Speedster built his empire. That horse was owned with mega horse doper Rene Allard simultaneously with AMAC. It's right in the USTA records.
AMAC has a new invoice scam on his non-rich clients. He pretends not to receive payment for Stable Bills and double bills the next month. When you question if they received payment, no-one responds. It seems like this shitbag is trying to front load yearling capital on clients that are quiet or he's never met or that he thinks he can straight rip off.
He has no business records. I can't wait to see this moron get audited.
The fact that they have that many owners and that many horses, not having business records makes zero sense. Like physically impossible. They aren't doing it all by hand.
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he wants the inexperienced owner. that way they only know what he tells them. they dont know any better. he can pull the wool over there eyes and tell them to keep walking. probaby makes a killing buying and selling horses. cash in the pocket.
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There still tubing in the parking lot commission is a fucking joke
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95% of his owners think MILKSHAKES come from McDonalds
The operation definitely says away from Gural tracks and the Southern District
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I like how AMAC brags that Rose Run Speedster built his empire. That horse was owned with mega horse doper Rene Allard simultaneously with AMAC. It's right in the USTA records.
AMAC has a new invoice scam on his non-rich clients. He pretends not to receive payment for Stable Bills and double bills the next month. When you question if they received payment, no-one responds. It seems like this shitbag is trying to front load yearling capital on clients that are quiet or he's never met or that he thinks he can straight rip off.
He has no business records. I can't wait to see this moron get audited.
That’s like the Bongiornos with gratien Hanover, or Casie Coleman with sportswriter, or Burke with won the west/foiled again era, or any other skumbag where all it takes is one drugged up horse to get the snowball going where now you have capital to invest from illicit gains allegedly
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Why would you bill clients for fully staking 3YO who were less than common at 2 and even worse coming back? I’ll have to check with Joanne’s.
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I've also noticed after reviewing a significant amount of invoices that vet bills go way up when your horses are doing well.
They may not understand that crypto and online payments can be subpoenaed just like bank accounts and are fully auditable.
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I'll believe when I actually see an investigation, charges filed, or whatever.
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Good tmbz1
I am more than positive that Anthony’s lawyer is making sure all his dealings with this percentage racing has all the grounds covered to make sure it’s up and up with taxation SEC and everyone else can make up if it wasn’t he would’ve been in trouble by now, so just stop lol, you loved him when you first joined his group and now you’re mad at him for selling a horse that was never really yours. The first thing they tell you when you get in the racing business is do not get attached and that perfectly fits you.
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I asked several years ago if they could export my invoices in a file format importable by Quickbooks. They still can’t do it and it’s a basic request.
That does not instill faith in their accounting practices.
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Not sure how much fraud is going on in the accounting side. the fraud is anthony getting to drive every horse and securing his 5%. if he really cared he would get a better driver. I think thats the scam personally. Getting to drive all these quality horses he'd never get put on any other way. Owners lose but 5% of something is good for him
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Maybe this Canadian scam artist needs to go back to frenchie fuckville and get out of USA. Eh? Eh?
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Probably the extra for the 5% trainer would more than offset the 5% driving commission.