He allegedly paid back $350,000 and was set up on a payment plan, but stopped making payments. · newark — ahmed zayat, the owner of triple crown hopeful american pharoah , is facing accusations that he cheated a convicted felon out of $1. 65 million by refusing to pay off gambling debts he. (ap) — a judge threw out a lawsuit over $1. 65 million in gambling debts against the owner of kentucky derby and preakness winner american pharoah on thursday, clearing the issue days before the horse attempts to claim the first triple crown in 37 years. · a judge has thrown out a lawsuit over $1. 65 million in gambling debts against the owner of racehorse american pharoah. Zayat owes him $1. 65 million from debts incurred back in 2005. A suit filed by howard rubinsky, a florida man, says that mr. · the owner of american pharoah , which on saturday will try to become the first horse in 37 years to win the triple crown, has won the dismissal of a lawsuit seeking to force him to repay $1. 65. Zayat maintains he owes nothing to rubinsky. · it is being reported that zayat lost over $2 million wagering on sports and horses between 2003 and 2005. · the owner of triple crown hopeful american pharoah is being sued in federal court by a man who claims he’s owed $1. 65 million for a decade-old sports gambling debt. · ahmed zayat, the owner of triple crown hopeful american pharaoh , is currently involved in a $1. 65 million florida lawsuit said to stem from gambling debts.
