The complete story of the rise and downfall of Eddie Antar and the Crazy Eddie chain is told in a new book called “Retail Gangster: The INSANE, Real-Life Story of Crazy Eddie,” written by veteran investigative journalist Gary Weiss. In other words, he turns the complicated and baffling into simple and understandable. Many people thought that the man featured in the Crazy Eddie commercials was the founder, Antar, but it was actually a radio disc jockey named Jerry Carroll, who performed in 7,500-plus. My name is Sam E. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Since that time, the SEC. Rosenbaum, President of R. In 1969, Eddie Antar, a 21-year-old high school dropout from Brooklyn, opened a con- sumer electronics store with 150 square feet of floor space in New York City. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. Eddie Antar and Sam M. Eddie Antar And Daughters Philanthropic Fund, Inc. . 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. Jun 24 Eddie Antar, American CEO (Crazy Eddies), facing $74M stock fraud charges, caught in Israel;. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). Antar's uncle hid up to $3. 15-Jul-1960. He ducked into a store, left the money with the Syrian shopkeeper, and promptly forgot. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. . By. Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. Michael was Eddie Cantor's first grandchild. Crazy Eddie was a consumer electronics chain in the Northeastern United States. September 12, 2016, 10:34 a. Eddie Antar, et a1. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. ) Sam E. Soon after, Sam. Dec 18, 1947 – Sep 10, 2016. 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. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. Eddie had 3 siblings. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 12, 2022, 6:22 a. His death was confirmed by the Bloomfield-Cooper Jewish Chapels in Ocean Township, N. In November 1986, Mr. He’s got two daughters “his little misses” and a son. The notoriety of this case has continued into the 21st century. The elder Antar cooked the. It is intended to be turned over to the S. (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. The testimony of Sam E. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). Stiff and unable to bend. He was 68. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. C. Eddie Antar paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. S. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Mr. Antar died in Ocean Township, New Jersey, home on Saturday. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. The notoriety of this case has continued into the 21st century. J. Antar. opened its. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Maxene Andrews. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. E. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. C. W. Cofounder of the electronics retail chain Crazy Eddie, Inc. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. provided similar testimony for fiscal. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. Owner of the famous Crazy Eddie chain of stores. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. The commercials were parodied in the movie “Splash. She and her daughters paid $3. Crazy Eddie may have died rich. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. Highly recommend him to all shoppers. Antar lives in Brooklyn. A cause of death. Divorced Eddie in 1984 and, with her daughters, paid $3. I am glad we were able to make our Truck purchase from Eddie Antar. In 1992, he was caught in Israel and, after a lengthy extradition. 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, et a1. who sided with their daughter-in-law. He was a true genius (“goen”). Wall Street swooned. Sam A. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail Gangster. Eddie Antar. In July 1984, Sam E. Maintained by: Find a Grave. C. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. American Ambassadors. In other words, he turns the complicated and baffling into simple and understandable. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Apr 05, 2021. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. Antar was the primary person that told me. Sam A. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. Subject of Burt Lancaster movie. ' De-spite this modest beginning, Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. Much of the ill-gotten loot was placed. Eddie Antar was 68. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. 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. He had a mistress. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Ms. Eddie S Antar. Essay, Pages 8 (1852 words) Views. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. JTA — Crazy Eddie was a consumer electronics empire built on hype. 28-Jan-1890. Few things evoke the New York of a particular era the way “Crazy Eddie!Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. 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. The book not only documents Antar’s nefarious antics in lucid detail. 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. Facing multiple charges in connection with the fraud, Eddie fled the country and lived using assumed names and the millions he had stashed in foreign bank accounts in several countries. By Jackie Wattles. Gender: Male Religion: Jewish Race or . United States of America v. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud. Several of the employees of. Natalie was the second Cantor daughter and truly the hardest one to find information on. Headquartered in Edison, it grew to 43 stores in four states. One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. org. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. Antar co-founded. Antar. Stiff and unable to bend. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. Palmieri not only ousted Mr. , U. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. (the "Class Complaint"), Eddie Antar realized cash proceeds of $72,245,649, his father Sam M. It was unsuccessful to begin. 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. "Crazy Eddie had been lying about its numbers since its inception — and the higher the stock soared the further founder Eddie Antar went to maintain the illusion. DEBORAH ROSEN ANTAR Eddie's first wife. CASE 1. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. All groups and messages. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. 143-145. Eddie's cousin Sam Antar, tells us how they did it and. Antar realized $16,857,332, and other family members and associates realized lesser amounts. Serial fraudster Sam A. 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). After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. 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. Antar fled in 1990. A sketch showing the. Y. Mr. 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, 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. Antar died in 2016. 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. Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with a securities fraud and insider trading scheme at. BROOKLYN-- He was known as Crazy Eddie. (3) 1984-1987: As a public company. TV-PG. 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. Antar. However, I heard it from time to time form the various other individuals like Ben Kuszer, Mitchell Antar and Eddie Antar, and also in the previous year I heard it from those various individuals also. Entrepreneur Eddie Antar grew his chain of discount stores in the New York of the 1970s with unforgettably loud TV commercials, a. 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. No cause was given. , to a federal prison term of 82 months followed by 2 years of supervised release. The family business grew into a chain with. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Because of his. Eddie Antar started young. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Eddie Antar, in 94-5230 — Holding that resignation from conspiracy is insufficient if the defendant “continues to do acts in furtherance of the 18 conspiracy and continues to receive benefits from the conspiracy’s operations”Wife of “Crazy Eddie”. Post a Question. At its height, Crazy Eddie had 43 stores in four North Eastern states. Antar, Vol. NEWARK, N. Antar is the former businessman who cooked the books at Crazy Eddie. District Court for the District of New Jersey ordered Deborah Rosen Antar and her daughters (the former wife and children of Eddie Antar) to disgorge illegal profits arising from Eddie Antar's sale of 300,000 shares of. 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. Sam later became the. Kuzser refused, and the dispute began to fester. m. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. Employee Rating. Ackerman ordered. New York Post photo composite More On: cons If. Michael Cohn. Testimony of Sam E. . By 1989 the company was bankrupt. A month later, the company announced its first-ever decline in same-store sales, an. NICKERSON, District Judge: In a Report and Recommendation dated September 15, 1995, as amended by a Supplemental Report and Recommendation dated October 4, 1995, Magistrate Judge Marilyn Dolan Go recommended that judgment be entered against defendant Eddie Antar as follows: (a) judgment in favor of the class. Eddie Antar was having an crimes such as. He became famous by cheating money from women he met through newspaper announcements, by. Sam M. As the criminal CFO of Crazy Eddie, I helped Eddie Antar and other members of his family mastermind one of the largest securities frauds uncovered during the 1980's. Much like Frank Abagnale Jr of Catch Me If You Can. Antar (co-founders of the company) one of the largest securities frauds of its time. Eddie Antar started the chain in 1969 with a store in Brooklyn, N. Known as Eddie Antar, he became a pioneer. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. 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. J. Crazy Eddie. 13, 2016 6:16 pm ET. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. 1051. Birdman of Alcatraz. Provide details on what you need help with along with a budget and time limit. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. Mr. Eddie, Ronnie, and Sam M. C. Crime Jul 15, 2003 23 min. Antar eventually pleaded guilty to. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. The Antar family committed a laundry list of scams making it look like business was booming. Dealership Rating. Eddie Antar founded Crazy Eddie in Brooklyn in 1970, and at its peak in the 1980s, the chain had more than 40 stores, mostly in the metropolitan New York area, with reported annual sales of more. Masterminds. The father of five's cause of death has not been made public. Eddie Antar was 68. The funeral home said it had no details on. 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. Antar, Mitchell Antar, Isaac Kairey, David Panoff, Eddie Gindi and Kathleen Morin, USDC for the District of New Jersey, Newark Division, Civil Action No. App. 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. 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. A certified public accountant, he had. E. 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. Eddie Antar, the Brooklyn-born business executive who helped turn the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges, died Sept. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. No cause was given. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. The elder Mr. 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 . 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. Deborah Joyce Antar currently resides in New York, New York. Testimony of Sam E. Antar is serving his second sentence Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Antar on how the illegal schemes had been carried out. "A. Dec 4, 2017 6:43 PM EST. Eddie Antar was 68. + Follow. He died on 10 September 2016, in New Jersey, United. Eddie Antar was born on 18 December 1947, in Brooklyn, New York City, New York, United States as the son of Sam Antar. Antar to see what he could tell me about his cousin Sam A. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. They caught him in the act, and a street fight nearly erupted. JNi. Nearly 30 years after the fact, the. Antar started in the early '70s with a single electronics store in Brooklyn and his empire eventually grew to 43 stores in four states. e. By The Associated Press. On September 10, 2016, he died at the age of 68, reportedly having been battling liver cancer. J. As breathless sales pitches occasionally remind us, everything must go. , and Eddie’s cousin Ronnie Gindi started with a single electronics retailer store in Brooklyn, NY 1969in , called ‘Sights and Sounds’, with each of owning a third of the company. Editor-in-chief, AccountingToday. Sam A. New Yorkers know the company — which imploded when. In a deeply personal battle intertwined with her legal actions, Antar is currently involved in a custody dispute over her daughter. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. 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 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. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. In a brief scuffle, Mr. S. The original store was located at 1117 Kings Highway in Brooklyn, New York. Y. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Much of the money was sent to a bank account in Israel. 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. Eddie Antar was 68. Antar, 59, the founder and former chief executive of the now-defunct Crazy Eddie chain of electronics stores, has never heard of Alexander. (1995) - Free download as PDF File (. Antar, who having started. Actor, Comedian, Dancer, Film Producer, Screenwriter, Composer, Author. The father of five's cause of death has not been made public. Licensed to: iChapters User CASE 1. Crazy Eddie may have died rich. . “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Antar owns 11 percent and the Belzbergs the remainder. He served as Chief Financial Officer of Crazy Eddie, the electronics retailer that became one of the symbols of white-collar crime in the 1980s. Chertoff said. Eddie was a millionaire, with roughly 53 million dollars in. In July 1984, Sam E. Eddie. Today, Carroll is considered to be one of the greatest spokespeople in advertising history. Available on Prime Video, Tubi TV, Amazon Freevee. , USDC NJ, Civil Action No. I committed my crimes, simply because I could. RIP," he wrote. Other attempts have. The real Eddie, last name Antar, was born in 1947 to Sam M. The Crazy Eddie, Inc. He previously broke the news of Eddie Antar's death in 2016 and later authored a first-person memoir of his experience there. opened its. 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 who had fled persecution and built a successful. , to — at its height. "A. $24. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. . O. By the time he was 21, Eddie had already developed a reputation in the retail industry for saying anything to make a sale; some considered him an early master of the “bait and switch” technique. Antar, who served as Crazy Eddie's CFO, gleefully recounted how he bamboozled the outside auditors and then avoided prison by testifying against his cousin. Edition of Sun-JournalThis is the story of a Brooklyn Italian family. In addition. Eddie Antar, his father Sam M. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. On one occasion, Murad was carrying thousands of dollars in cash and thought he was being followed. 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. Antar's. Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. Crazy Eddie became a known symbol for corporate fraud in its. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. m. 1. . Antar. May 26, 2023 11:48 AM Crazy Eddie’s nephew settles $650K fraud case from prison cell Aaron Elstein Email Share Tweet Share New Jersey Department of Corrections Sam A. 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. The Father’s an over the top, avid Yankee fan. . "Crazy" Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel on Jan. Eddie Antar, Sam E. Stiff Sentence. The chain's growth was helped by the introduction of the VCR. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. Along with my cousin Eddie Antar, his father Sam M. chain of consumer electronics stores began as a small operation in the 1970 s and in a fairly short time grew into a major New York area consumer retail chain with stores in four states and with reported annual sales totalling over $300 million. The complete story of the rise and downfall of Eddie Antar and the Crazy Eddie chain is told in a new book called “Retail Gangster: The INSANE, Real-Life Story. She was first married to a Joesph Lewis Metzger and had a son Michael on October 18, 1939. Mr. Sam Antar was the government's key witness and informant on the Crazy Eddie fraud which spanned 18 years. The notoriety of this case has continued into the 21st century. Antar, the. The elder Mr. Convicted fraudster Sam Antar, who acted as CFO for the electronics chain Crazy Eddie in the 1980s, told a group of accountants Friday that the potential for fraud has been growing worse in recent years, despite Sarbanes-Oxley. Founded by father and son team Sam M. The Crazy Eddie, Inc. 8 million from 1984 to 1987 by selling 6. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. This new half-hour series. 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. Antar was an intelligent youth but found school boring, dropping out at. , which obtained a $73 million judgment against Mr. The Securities and Exchange Commission today proposed amendments to the definition of "accredited investor" in the Commission's rules and the definition of "qualified institutional buyer" in Rule 144A under the Securities Act of 1933. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Hon. A relative of infamous electronics dealer “Crazy” Eddie Antar is suing JetBlue airlines for cruelly kicking her off a flight because of her service dog, according to a Brooklyn federal lawsuit. EDT 5 Min Read.