Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with a securities fraud and insider trading scheme at. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. The. In July 1984, Sam E. Financial backing for the business will come largely from the family matriarch, Rose Antar, the 72-year-old mother of Eddie and Mitchell who, with her husband, Sam, 76, helped start the business. Crazy Eddie was founded in 1969 by Eddie Antar and his father, Sam M. 1650 West 82nd Street, Suite 600, Bloomington, MN 55431. Antar said. Mr. Crazy Eddie. Antar, Vol. The rise and well-deserved fall of Eddie Antar is told in veteran financial journalist Gary Weiss’s Retail Gangster: The Insane Real-Life Story of Crazy Eddie, a rollicking chronicle of malignity, criminality, and family intrigue. S. The footnote states: "(2) Includes (i) 2,088,330 shares owned by Eddie Antar directly and (ii) 240,000 shares held by Eddie Antar as custodian for the benefit of Mr. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. In response to a motion by the SEC, the court on June 29, 1990 determined that "(1) Eddie Antar made illegal profits of $52,519,548 from the sale of the stock of Crazy Eddie, Inc. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. Among his clients were Donald J. Dealership Rating. Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. The film is being financed by eOne. JINDERIS, Syria (AP) — A baby girl who was born under the rubble of her family’s earthquake-shattered home has left the hospital and gone to her new home, where she was with her paternal aunt’s family Monday. Sam Antar, 57, is a felon and former certified public accountant who helped perpetrate one of the largest securities frauds of the 1980s at Crazy Eddie, a chain of electronics stores based in New. Charles C. Dealership Rating. . Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials, a reputation for low prices and a compelling story about an underdog family of Syrian Jews who had fled persecution and built a successful. " App. He also is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s, who defrauded investors out of. . A certified public accountant, he had. The complaint alleges, for example, that (1) Crazy Eddie founder Eddie Antar and other officers skimmed cash from store receipts prior to Crazy Eddie's initial public offering in September 1984 causing post-offering gross sales falsely to suggest extraordinary growth; (2) they later placed some of this skimmed cash into the cash registers of. Entrepreneur Eddie Antar grew his chain of discount stores in the New York of the 1970s with unforgettably loud TV commercials, a reputation for low prices and a compelling story about an underdog family of Syrian Jews. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. Eddie Antar was 68. Cofounder of the electronics retail chain Crazy Eddie, Inc. The chain's growth was helped by the introduction of the VCR. He became famous by cheating money from women he met through newspaper announcements, by. Eddie Antar, the Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died on Saturday. (the "Class Complaint"), Eddie Antar realized cash proceeds of $72,245,649, his father Sam M. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Known as Eddie Antar, he became a pioneer. Antar eventually sold out for a large profit, but stockholders lost huge amounts of money when Crazy Eddie filed for bankruptcy in 1989 and then went out of business. Mr. Updated: 05/03/10 at 12:08 AM on Bottom of Post: Added Blog Reactions In an exclusive interview with Mike Fleming from Deadline New York, Producer and Director Danny DeVito whines about how. ' De-spite this modest beginning, Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. Family problems led to business problems for Eddie Antar (Courtesy of the Courtroom Sketches of Ida Libby Dengrove, University of Virginia Law Library) Sam M. The elder Mr. CASE 1. 3 million common shares outstanding. This was viewed by the customers in a great way, resulting in a large loyalty from his customers. Many family members remained loyal to Eddie—who always relied on a charismatic personality to charm employees, customers, and vendors—while other members of the family decided to side with Eddie's ex-wife. Eddie Antar was 68. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. Eddie Antar, in 94-5230, 53 F. Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. Antar's uncle hid up to $3. Crazy Eddie. 13, 2016 6:16 pm ET. Crazy Eddie was a consumer electronics empire built on hype. ‘Womber means ‘fire ablaze at night-time when it’s calm; the fire makes that noise, womber, womber. His cousin Eddie Antar, the company’s CEO, fled to Israel in 1990. 22-Nov-1963. The man who turned the "Crazy Eddie" electronics stores into a retail giant before it collapsed amid federal fraud charges has died. For 13 years Eddie Antar wheeled and dealt out of an office in his Brooklyn headquarters that sported a bar, leather couch and a gym. 01. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. 12, 2022, 6:22 a. Employee Rating. The marriage ended in divorce. American Ambassadors. Born Isidore Iskovitz on New York's Lower East Side to Russian-Jewish immigrant parents, young Izzie was orphaned early on, and was raised by his maternal. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Palmieri not only ousted Mr. Electronics kingpin "Crazy Eddie," left, died Saturday at the age of 68. Antar, of New York City, also was the mastermind behind schemes to inflate Crazy Eddie's inventory and understate its accounts payable in 1985, 1986 and 1987, SEC lawyers alleged. It’s about family, business, ambition, money, and betrayal. February 27, 1990 arrest warrant for Eddie Antar. Post a Question. Tuesday night to share the. and found guilty of racketeering and stock fraud. United States of America v. A month later, the company announced its first-ever decline in same-store sales, an. It’s the first face-to-face meeting in 20 years between cousins Eddie and Sam Antar, the founder and chief financial officer, respectively, of the Crazy Eddie electronics stores. Along with my cousin Eddie Antar, his father Sam M. 1051. Charles Carella Obituary. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. Eddie was a family man, a ladies man, and a rich man. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,”. W. . , founder of the Roseland-based law firm of Carella, Byrne, Cecchi, Olstein, Brody, and Agnello, P. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Crazy Eddie's eventually went public and had a valuation of $600 million. — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. As the story goes, Antar launched his Crazy Eddie franchise in Brooklyn, which quickly grew to a total of 43 stores throughout the New York metropolitan area. Michael Cohn. The notoriety of this case has continued into the 21st century. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. District Judge Harold A. Antar was an intelligent youth but found school boring, dropping out at. Dan Hulshizer / AP. "Eddie Antar, Index No. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. m. Maxene Andrews. Sam Antar, a self-described convicted felon, takes credit for helping mastermind the Crazy Eddie securities scheme, one of the largest fraud cases of its time (it predates Enron). Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. Testimony of Sam E. -- The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. Antar was the primary person that told me. Antar lives in Brooklyn. He was extradited to the United States in early 1993 to stand trial. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. The repatriation order again came up during the trial when Eddie's daughter 57. 524K subscribers 59K views 15 years ago Their prices were insane. This book is worth your time, and Weiss should be saluted for his work. Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. The elder Antar cooked the. OCEAN TOWNSHIP, N. What they got, instead, was another Antar. Antar. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. I am glad we were able to make our Truck purchase from Eddie Antar. (3) 1984-1987: As a public company. " It's a colorful story from the early days of home PC sales. In substance the allegations were that Crazy Eddie, a New York corporation founded by Eddie Antar and controlled by his family, first sold shares to the public in September 1984. Antar allegedly used about $974,000 in… The nephew of “Crazy Eddie,” the New York retail legend who later went to prison on fraud charges, has himself been charged with allegedly committing. Mr. The. Eddie Antar was sentenced last month to. he helped us get a nice corolla for my daughter with no pressure and did his best to get us top dollar for an older trade, very much appreciated ! Thank you. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Employee Rating. 0:52. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Antar was the force, if not the face, behind the Crazy Eddie electronics chain whose pitchman dominated the airwaves in the 1970’s and 80’s with a motor-mouth delivery and the tagline, “These prices are insane!’’Convicted Felon, former CPA, and former Crazy Eddie CFO Sam Antar speaks out about white-collar crime . To survive in business, Eddie Antar resorted to circumventing fair trade by discounting merchandise to customers. Eddie Antar, et a1. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. e. After Antar fled. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. Behold, The another logo over. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Antar was an intelligent youth but found school boring, dropping out at. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. The nephew of "Crazy Eddie," the New York retail legend who later went to prison on fraud charges, has himself been charged with allegedly committing fraud to feed a gambling habit. Eddie Antar, whose Crazy Eddie retail chain was once as much a part of the New York landscape as pizza slices and the ubiquitous yellow cab, has died. Eddie was a millionaire, with roughly 53 million dollars in. "Crazy" Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel on Jan. Published Sep 15, 2016. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Antar, a former accountant and criminal convicted for his role in perpetrating millions of dollars worth of tax and securities fraud, appeared at. Used 2021 Chevrolet Traverse LT Cloth SUV Summit White for sale - only $31,491. Subscribe to FAQ NYC on Apple, Spotify, or pretty much everywhere podcasts are found. Highly recommend him to all shoppers. For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of Crazy Eddie radio and TV ads. On one occasion, Murad was carrying thousands of dollars in cash and thought he was being followed. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. J. The Crazy Eddie crime spree evolved in three phases: (1) 1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. Antar is serving his second sentenceSam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Eddie Antar (R), once known as 'Crazy Eddie,' New York's electronics king, is led by an Israeli police detective for a remand hearing after his arrest, June 25, 1992. Antar co-founded Crazy Eddie in the early 1970s with his father and another family member as a single store on Kings Highway in Brooklyn, New York. Eddie Antar was convicted of illegally pocketing $75 million by selling his stock when he knew that its price was artificially inflated through bogus inventory and sales figures. Here's a quick look at 11 moments during his rise and fascinatingly bizarre fall: Antar opened his first Crazy Eddie electronics store in 1969 on Kings Highway in Brooklyn. The real Eddie was Eddie Antar, who grew a single store in Brooklyn into a retail empire, and then was brought down in a blizzard of fraud charges and antics worthy of “American Hustle. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. 9 million to disgorge profits from Eddie’s illegal stock sales. As breathless sales pitches occasionally remind us, everything must go. often pumped iron while haggling with vendors, occasionally rising from his weights to pour a round of drinks, tell a joke or consummate a deal. Antar is the nephew of the late Eddie Antar — the proprietor of Crazy Eddie’s electronic retailers that were ubiquitous in the Northeast in the 1970s and 1980s. Antar was the primary person that told me. Eddie Antar was a bizarre combination of Old World and New World. A cause of death wasn't disclosed. The Crazy Eddie brand was born when Eddie Antar opened an electronics store in Brooklyn in the 1970s and became known as “that crazy guy” who offered insanely low discounts. And Rose and Debbie Antar, Eddie Antar's mother and wife, were each drawing $76,000 a year in salary; for what, Oppenheimer couldn't quite figure out. There was a table for 12 at Brooklyn’s world-famous Peter Luger Steak House that remained empty, regardless of how busy the joint became, waiting for Eddie and his entourage whenever they just decided to show up for some cow. Headquartered in Edison, it grew to 43 stores in four states. Employee Rating. Eddie Antar was the mastermind behind the various schemes and hired his relatives to work at the electronics chain to help aid and abet the fraud. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. When the Crazy Eddie electronics store chain collapsed in 1987, its founder, Eddie Antar, and three other principals -- all family members -- were accused of swindling millions in investors' money in one of the largest stock fraud cases ever brought by the Securities and Exchange Commission. Antar, these sources said, is particularly fond of his daughter-in-law and the couple's daughters, who range in age from 8 to 14. Antar. J. CHAPTER 7 The Antar Complex: Eddie Antar There’s a scene in the movie Splash when the mermaid, played like a fish out of water by Darryl Hannah, wanders into Bloomingdale’s. Licensed to: iChapters User CASE 1. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. Eddie Antar started the chain in 1969 with a store in Brooklyn, N. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. On one cold February night in 1977, Eddie Antar walked out of an Upper West Side discotheque called Hurrah's and was attacked by two men. Gary Weiss (MSJ76) Back in the fall of 2016 we heard the news about the passing of Eddie Antar, “Crazy Eddie” as he was known to millions of people, the man behind the successful chain of electronic stores and one of the most iconic ad campaigns in history. he helped us get a nice corolla for my daughter with no pressure and did his best to get us top dollar for an older trade, very much appreciated ! Thank you. 28-Jan-1890. We discussed that Eddie Antar came from a Syrian family who had always been merchants before they came to the United States in the 1920s. F. Dec 18, 1947 – Sep 10, 2016. Share on Facebook. Federal. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. United States v. S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. JINDERIS, Syria (AP) — A baby girl who was born under the rubble of her family’s earthquake-shattered home has left the hospital and gone to her new home, where she was with her paternal aunt’s family Monday. Eddie Antar was 68. Natalie was the second Cantor daughter and truly the hardest one to find information on. Eddie Antar started the chain in 1969 with a store in Brooklyn, New York. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. he helped us get a nice corolla for my daughter with no pressure and did his best to get us top dollar for an older trade, very much appreciated ! Thank you. Eddie Antar, the founder of the electronics chain Crazy Eddie, which collapsed amid accusations of accounting fraud, has died at the age of 68. See full article at Den of Geek ». Eddie Antar, his father Sam M. Eddie Antar, the Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died. Antar eventually sold out for a large profit, but stockholders lost huge amounts of money when Crazy Eddie filed for bankruptcy in 1989 and then went out of business. Growing up poor he had dreams and aspirations of becoming a household name. , U. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. His death was confirmed by the Bloomfield-Cooper Jewish Chapels in Ocean Township, N. Antar's minor nephews and nieces but does not include 300,000 shares held by Deborah Antar, former wife of Eddie Antar, as custodian for Mr. Antar eventually pleaded guilty to. Mr. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. Send Flowers Opens send flowers url in a new windowSam Antar says he is a compulsive gambler — a fact he says was well-known to defendants in the case including the Borgata casino, MGM Resorts International, and its online partner Entain. Stiff and unable to bend. They caught him in the act, and a street fight nearly erupted. Sam E. S. According to the proposed amendment to the class action complaint in In re Crazy Eddie Sec. He was a true genius (“goen”). 9 million to disgorge profits from Eddie’s illegal stock sales. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. For 13 years Eddie Antar wheeled and dealt out of an office in his Brooklyn headquarters that sported a bar, leather couch and a gym. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 1. , to a federal prison term of 82 months followed by 2 years of supervised release. Eddie S Antar. . Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. EDT 1 Min Read. Mitchell Antar has resigned as executive vice president and chief operating officer of Crazy Eddie Inc. There was a table for 12 at Brooklyn’s world-famous Peter Luger Steak House that remained empty, regardless of how busy the joint became, waiting for Eddie and his entourage whenever they just decided to show up for some cow. Much of the ill-gotten loot was placed. Eddie Antar, his father Sam M. Angela, the bank employee, approaches Justin, the bank manager and says: “My daughter is seekingtreatment for heart disease and I don’t have a health insurance policy. Antar died in Ocean Township, New Jersey, home on Saturday. Shop Crazy Eddie clothing on Redbubble in confidence. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. E. Antar, the son of the Eddie’s brother’s Allen, pleaded guilty to a prior scam in 2013 where took money from an investor to buy electronics equipment, but instead spent the funds on gambling. Among his clients were Donald J. A man’s face on 20 Now 62, Antar ended up cooperating with the feds, which helped them convict Eddie Antar on multiple charges, sending him to prison for a seven-year stretch. The elder Antar cooked the. Eddie Antar, et a1. Antar was chief financial officer of Crazy Eddie, a New York electronics retailer that in the 1970s and 1980s claimed “our prices are inSANE” as it bilked investors out of hundreds of millions of dollars. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. , a leading consumer electronics retailer in NY. ”. Antar’s death on Saturday was. Antar, Mitchell Antar, Isaac Kairey, David Panoff, Eddie Gindi and Kathleen Morin, USDC for the District of New Jersey, Newark Division, Civil Action No. Antar (Eddie’s father), and Ronnie Gindi (a first cousin) in 1969. Check resumes and CV, places of employment, news, social media profiles, photos and videos, public records, skilled experts, arrest records and business records. . Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. 1051. . He also is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s, who defrauded investors out of more than $74 million. The Antar family committed a laundry list of scams making it look like business was booming. Eddie skipped town and Sam, all alone, was forced to testify against his own family to avoid. Sam M. , which did not say where he died or give the cause. was established on Dec 22 1986 as a domestic not-for-profit corporation type registered at 5 SAXONY DRIVE OAKHURST, The county for this new york company is KINGS. Photo: Jeff Zelevansky/Associated Press. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. (YouTube screen capture) OCEAN TOWNSHIP, New Jersey — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. ANTAR, MITCHELL ANTAR, ISAAC KAIREY, DAVID PANOFF, EDDIE GINDI, AND KATHLEEN MORIN, Civil Action No. The New York Times Archives. He died in 2016 at the age of 68. Eddie had 3 siblings. Y. ) Sam E. Crazy Eddie, New York City consumer electronics chain that failed after founder Eddie Antar and others pleaded guilty to racketeering and conspiracy charges, returns as online entity based in. Eddie Antar, the founder of the Crazy Eddie electronics retail chain known for its hugely popular TV commercials in the 1970s and 1980s, and later brought down by a massive fraud scheme, died Saturday at the age of 68. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. , Inc. At the age of 20 years old, Antar opened up his very first store, Crazy Eddie. Antar’s views on white-collar crime are frequently quoted in the media, and he has appeared on a variety of television and radio shows, including Fox News, CNBC and National Public Radio. BROOKLYN-- He was known as Crazy Eddie. e. 11, 2016 Eddie Antar, the Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was. Eddie Antar was 68. 8Crazy Eddie, Inc. But Eddie Antar aggressively courted the investment. Testimony of Sam E. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. Subject of Burt Lancaster movie. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. 10. Soon after, Sam. He was 68. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. UMASS Boston Eddie Antar Crazy Eddie. Find a Grave Memorial ID: 168. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials, a. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. Antar (co-founders of the company) one of the largest securities frauds of its time. Eddie Antar was born on 18 December 1947, in Brooklyn, New York City, New York, United States as the son of Sam Antar. C. Serial fraudster Sam A. Y. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. Mitchell Antar, in 94-5228. Antar expanded his business from a single Brooklyn store, founded in 1969, into the largest consumer electronics chain in. Eddie Antar, the chain's founder, and his brothers Mitchell and Allen were accused of pocketing more than $80 million by selling artificially valued stock. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. S. org. Sam A. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. the another true-crime story called "The Eels of Electronics", Where it should based on Eddie and Sam M. Download. Antar co-founded. Eddie Antar is alleged to have made $75 million during the short public life of Crazy Eddie. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. Jun 28 US President George H. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. If it weren't for the efforts of the FBI, SEC, Postal Inspector's Office, US Attorney's Office, and class action plaintiff's lawyers. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. Editor's note: This article appeared in the June 5, 1989 issue of Crain's New York Business. , to — at its height. 5 million shares of his stock, Mr. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Sam later became the. United States of America v. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969 to 1987. By Niraj Chokshi Sept. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. The Bloomfield-Cooper funeral home in Ocean. View More Reviews on. The bidders said that they already owned 14 percent of Crazy Eddie's 31.