Sangor & Company by at least October 1925, when the concern issued stock[9] to develop the resort community of Pinewald, New Jersey, on Barnegat Bay.
[10] The firm was located at 1457 Broadway in Manhattan by at least September 1926, the year it began developing Pinewald[14] — although "Help Wanted" classified ads that same month give a company address of 187 Joralemon Street in Brooklyn in relation to an event to help "German-speaking men and women interested in improving their money-making possibilities.
Sangor & Co. was sued in the Appellate Term of the New York Supreme Court over a claim that the company had breached state insurance law because of a clause giving the widow of a purchaser a clear deed.
[12] In February 1935, previously quashed indictments were reinstated by the New Jersey Supreme Court against Sangor and Anthony M. Then — the chairman and president, respectively, of the Toms River Trust Company — charging embezzlement and larceny of $81,320 in securities.
[19] On November 2, the two were convicted after a three-week jury trial in Ocean County Common Pleas Court and each sentenced to one to three years in prison and a $1,000 fine.
[20][21] They appealed their convictions in 1936,[22] and their sentences in 1937,[23] but eventually surrendered themselves on January 31, 1938, to serve time at the state prison in Trenton, New Jersey.
As Sangor's future business partner, Frederick Iger, recalled in a 1990s interview: Ned Pines needed artwork.
"[26]This was the beginning of what is colloquially referred to as the "Sangor Shop", a studio of writers and artists that, like other such "packagers" of the time, created comics on demand for publishers testing the fledgling medium.
[29] Among the creative personnel at various times who produced content for the Sangor Shop were John Celardo, Dan Gordon, Graham Ingels, Jack Katz, Bob Oskner, and Art Saaf.