Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    April 28, 2024

    April 28, 2024

    April 28, 2024
    Facebook X (Twitter) Instagram
    Trending
    Facebook X (Twitter) Instagram
    Hote NewsHote News
    • Health Science
    • Lifestyle
    • Politics
    • Reel
    • Sports
    • Travel
    • Worklife
    Hote NewsHote News
    Lifestyle

    Staten Island Bar Owner Embezzles $1.4M from Clothing Business

    November 8, 2023
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A Staten Island bar owner has been accused of stealing $1.4 million from the clothing business he worked for in order to finance his extravagant lifestyle and fund his bar, according to prosecutors. Glenn Jakers, a co-owner of “The G.O.A.T.” bar in Dongan Hills, allegedly diverted money from his job as a controller at Eric Javits, Inc., a Queens apparel company, to support the failed tavern and make personal purchases of luxury items such as Gucci and Louis Vuitton. Jakers, 61, has been charged with grand larceny, criminal possession of stolen property, and criminal possession of a forged instrument.

    The history of the bar’s location on Richmond Road is quite colorful, with a previous version of the pub being featured on the reality show “Bar Rescue” before adopting its current name. The G.O.A.T. closed down in 2022 and has since been sold to new owners, according to State Liquor Authority records.

    Prosecutors allege that Jakers began embezzling money in 2015 by writing checks to himself, with at least 150 unauthorized payments totaling nearly $1.4 million. He also allegedly transferred funds from the apparel company owner’s PayPal account to his own and redirected payroll funds to himself. The illicit funds were reportedly used for steakhouse dinners, purchases from Apple, Louis Vuitton, and Gucci, as well as ticket sales from StubHub and various other expenses.

    Queens D.A. Melinda Katz stated, “We will not tolerate our businesses becoming targets of theft, whether at the retail level or by company employees.” Jakers was released without bail after his arraignment and has not yet responded to requests for comment.

    The G.O.A.T., which is located at 1674 Richmond Rd., underwent a transformation after being featured on “Bar Rescue” in 2014. It was originally a dive bar called “Rhythm & Brews,” but was revamped into a wine-focused restaurant called “5th and Vine.” In 2018, Jakers and Chris Shaleesh became the new co-owners and rebranded the establishment as “The G.O.A.T.” However, the bar closed its doors in 2022 and has been replaced by Cypress Hall Social Haus.

    Post Views: 4
    Related Posts

    “Long Beach Welcomes First Full-Service Hotel in 30 Years!”

    November 15, 2023

    “Beware: Lifestyle Inflation Can Wreck Your Finances!”

    November 13, 2023

    “The Beatles’ Latest Song Bridges Gap with Swiftie Fans”

    November 13, 2023

    Leave A Reply Cancel Reply

    Top Posts

    Controversial Israeli Video Sparks Gaza Hospital Information Battle

    November 14, 2023

    April 28, 2024

    Met Police commander sacked for failing drug test

    November 1, 2023

    European Council President calls for revival of multilateralism

    November 1, 2023
    About Us
    About Us

    We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in the UK and around the world.

    Email Us: info@hotenews.com

    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn WhatsApp TikTok Discord Telegram Threads RSS
    Our Picks

    April 28, 2024

    April 28, 2024

    April 28, 2024
    Most Popular

    Controversial Israeli Video Sparks Gaza Hospital Information Battle

    November 14, 2023

    April 28, 2024

    Met Police commander sacked for failing drug test

    November 1, 2023
    © 2025 Hotenews
    • Privacy Policy
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.