Robert Emmet Brennan (born 1944) is an American businessman and former accountant who built the infamous penny stock brokerage firm, First Jersey Securities.
He then directed an associate to liquidate the bonds overseas and invest them in stocks, which netted him $16 million in ill-gotten gains.
[citation needed] In 2001 Brennan was found guilty of money-laundering and bankruptcy fraud and sentenced to a prison term of nine years and two months.
[6] International Thoroughbred Breeders, Inc., a publicly held company founded and chaired by Brennan, financed the reconstruction of Garden State Park race track in Cherry Hill, New Jersey after it was taken out by a 1977 fire.
Brennan also built and owned the Due Process Stable Golf Club in Colts Neck Township, New Jersey, where he lived until his arrest in 2001.