I admit that I was put out of business by the SEC. I believe the cite is 369 F. Supp 996 (1975). (My Icelandic girls are also mentioned in that court decision.) The decision by the court said that I had committed something like 37 bookkeeping violations.
The decision by the court was wrong. Those bookkeeping violations did not exist. The investigators, Arthur Bruder (who died right after giving testimony) and Sheldon Kanoff, just made it all up.
More than that, Sheldon Kanoff, the SEC investigator, later left working for the SEC and got a job with a securities firm and was later convicted in federal court of securities fraud. So, the only living man who testified against me is himself now a convicted securities felon.
I believe that when the SEC first filed suit against me under Chairman Casey and his right hand man Stanley Sporkin, it was because they could not understand how it was possible for a young kid like me (I was 26) to be running a major securities firm. They thought that I must be a front for somebody else, most likely an organized crime figure.
They even filed a brief in federal court (which you can still look up in the federal archives) which said that it is impossible for Sloan, "a self-proclaimed chess expert", to be doing all the things he claims to be doing.
I was annoyed at the statement calling me "a self-proclaimed chess expert" when in reality I was rated an expert by the United States Chess Federation.
The man who wrote that brief, which was filled with lies, was William Nortman. I still check on his whereabouts every now and then. The last time I checked he was in Florida. I plan to nail that bastard if it is the last thing I do.
Sam Sloan
Hear, hear.
I second the nomination. I also nominate Sam Sloan as second in charge.
Nonsense. After hearing about the untimely fate of "Samuel H. Sloan" brokerage, it is obvious that Sam's strength is not administration.
Think of his website, Liam--Sam is an obvious choice for Editor of Chess Life!!
Everybody complains that CL is boring and not worth the money. No more!! With his insertion of "Page 3 Girls" and stirring posts about under-appreciated practitioners of Chinese chess, he is just the tonic that staid old publication needs. Who doesn't enjoy reading about attractive women that Sam never got to first base with? And stories about his ribald escapades with Norman T. Whitaker would become highly sought after in the Scholastic community.
I can see it now. Chess Life (in a plain brown cover) passed surreptitiously from school kid to school kid just like it was really a treasured magazine! What a concept.
Regards,
Tom Dorsch
However, the case I cite here, which was SEC vs. Sloan, 369 F. Supp 996 (1975), was three years earlier.
If I had to live my life over again, I would consent to the SECs injunction and then have gone about my business, which is what the big boys were doing. However, I naively believed that the truth would out in the end.
Now, I know better. Now I know that people who lie all the time, especially if they happen to work for government agencies like the SEC, usually come out on top.
There were several SEC attorneys who were involved in the cases against me. Their names included Alan Rashes, Jerome Selvers and Thomas Bierne. I have nothing against them. I do have animosity against William Nortman because he lied again and again to the judge and I had to sit there and listen to his lies and there was nothing I could do about it.
Sam Sloan
"37 bookkeeping violations." Reminds me of another ex-con who married a friend of mine. He did five years in prison in AZ. All we could get him to admit to was that he was arrested for riding a motorcycle without a helmet.
You can take it to the bank that ex-felons like Sam have a thousand excuses for why they did hard time.
Sam, why don't you regale us with the real inside story about Claude Bloodgood? After all, you and he were classmates in the state pen, right?
The decision by the court was wrong. Those bookkeeping violations did not exist. The investigators, Arthur Bruder (who died right after giving testimony) and Sheldon Kanoff, just made it all up.
No doubt about it, Tim Hanken, er, Hanke, is right. Sam's an innocent man, just providing us with entertainment value, and those who criticize him are "mean-spirited" and deserve a punch in the nose.
More than that, Sheldon Kanoff, the SEC investigator, later left working for the SEC and got a job with a securities firm and was later convicted in federal court of securities fraud. So, the only living man who testified against me is himself now a convicted securities felon.
Get even, Sam! Testify against him! Then you "dueling liars" can get even with each other.
I believe that when the SEC first filed suit against me under Chairman Casey and his right hand man Stanley Sporkin, it was because they could not understand how it was possible for a young kid like me (I was 26) to be running a major securities firm. They thought that I must be a front for somebody else, most likely an organized crime figure.
They even filed a brief in federal court (which you can still look up in the federal archives) which said that it is impossible for Sloan, "a self-proclaimed chess expert", to be doing all the things he claims to be doing.
I was annoyed at the statement calling me "a self-proclaimed chess expert" when in reality I was rated an expert by the USCF.
Poor, misunderstood Sam. You need to find a judge that is gullible, like Tim Hanke. The ones who know the law don't seem to be impressed by your tales of how wronged you are.
The man who wrote that brief, which was filled with lies, was William Nortman. I still check on his whereabouts every now and then. The last time I checked he was in Florida. I plan to nail that bastard if it is the last thing I do.
Sam, be careful. Tim Hanke has assured us that you are harmless, even though everybody who deals with you seems to wind up in jail and estranged from their family. But remarks like this make you look like a vengeful bastard. Your image, Sam! You have to protect your image!