ALBANY, NY – The owner of Saratoga Winners Akiva Daniel Abraham began his prison term on Friday for arson fraud.
In April 2009, Abraham intentionally set fire at Saratoga Winners in Colonie. Abraham then filed a Property Loss Notice in an attempt to obtain insurance proceeds in excess of $380,000, when he knew the property was destroyed by arson.
In August 2010, Abraham was found guilty after a trial of one count of Insurance Fraud 2nd Degree, a Class C Felony. He received a sentence of four to 12 years in State Prison.
Abraham tried to appeal the case, contending that there was not enough evidence to determine he was guilty. However his arguments were rejected, holding that the evidence was legally sufficient.
Abraham has been out on bail pending appeal. On Friday he began his prison term.
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