Abraham Chait was involved in harness racing and ran Putnam Valley Stables. He was heavily invested in the Algam Corporation that controlled racing at Yonkers Raceway. Chait's role in organized crime was first made public in November 1952. A federal official tied him to the crime syndicate run by Gaetano Thomas Lucchese. As time went by Abe Chait's role in harness racing was somewhat shielded by his wife and son. The Algam stock ownership was listed in their names. Abraham Chait was an ex-convict who had served time in prison after his conviction on felony charges.