" App. 0:52. 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. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. 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. The rise and spectacular fall of the chain, and its CEO Eddie Antar is the subject of a the book Retail Gangster: The INSANE, Real-Life Story of CRAZY EDDIE by. Because of his. The father of five's cause of death has not been made public. Among his clients were Donald J. 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. As anyone who has been exposed to the news this past week can tell you, Eddie Antar, a/k/a Crazy Eddie, passed away on September 10, 2016. The elder Mr. Before long, Crazy Eddie, who just a few years before had been demanding customer's shoes as a deposit, had sold over $70 million in stock and fled the country with bundles of cash strapped to his body like the Michelin Man. Gonzalez, Jr. In 1971, Eddie purchased his cousin’s share in the business for $25,000 and changed the name The nephew of "Crazy" Eddie Antar was charged with theft on Tuesday for allegedly stealing nearly $800,000 from investors in New Jersey and New York and using much of the money to gamble. Prices, Dies At 68. One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. C. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Eddie Antar. For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of Crazy Eddie radio and TV ads. Eddie Antar founded the Crazy Eddie electronics retail chain in Brooklyn, New York, which rose to prominence across the New York-New Jersey area throughout the 1970s. 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. E. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. Antar: “1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. provided similar testimony for fiscal. Download. He was 68. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Weiss deftly weaves the family story, with the New York Zeitgeist of the 1970s and 1980s, along with the rather complicated frauds committed by the Sam and Eddie Antar. Crazy Eddie was a consumer electronics chain in the Northeastern United States. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. Antar, 75, of West End, New Jersey. The girl had been at the hospital since hours after the Feb. OCEAN TOWNSHIP, N. 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. Known as Eddie Antar, he became a pioneer. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The man who turned the "Crazy Eddie" electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. I am glad we were able to make our Truck purchase from Eddie Antar. Dec 18, 1947 – Sep 10, 2016. 1051. 3d 568, 3rd Cir. Source citation. And so it is: Eddie Antar, the Eddie from the Crazy Eddie's chain of electronics stores, has died. , Inc. 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. Antar. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. In 1984, the. NEWARK, N. The nephew of "Crazy" Eddie Antar was charged with theft on Tuesday for allegedly stealing nearly $800,000 from investors in New Jersey and New York and using much of the money to gamble. To meet analysts’ expectations, we conceived of a plan called the “Panama Pump”. In 1984, the chain went public. Entrepeneur. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. Sam E. overstated its. Eddie Antar paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. 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. 143-145. New York Post photo composite More On: cons If. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. His family has not disclosed the cause of his death. Edition of Sun-JournalThis is the story of a Brooklyn Italian family. . The funeral home said it had no details on. Employee Rating. NEW YORK (CBSNewYork)-- Eddie Antar, the man behind the now-defunct "Crazy Eddie" chain of stores, died Saturday at the age of 68. In July 1984, Sam E. 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. Antar's minor children. She is also a mother. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. In 1989, Sirota filed a civil suit against Antar who was still in the US. Three years later, he was extradited back to the U. Theodora Antar, who is suing some 325 judges, lawyers, entities and institutions, is in her second year of law at the University of Connecticut School of Law. Used 2021 Chevrolet Traverse LT Cloth SUV Summit White for sale - only $31,491. About The Instructor. 6 earthquake. EXCLUSIVE: Entertainment One has set up Insane, a film based on the wild life of Eddie Antar, the late consumer electronics king who wound up serving six years in prison for perpetrating one of the…EDDIE ANTAR, SAM E. CASE 1. Y. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. Eddie Antar, the founder of the Crazy Eddie chain of electronics stores, was sentenced to a total of eight years in prison and fined $250,000 today for falsifying the chain's books and fleeing the. The father of five's cause of death has not been made public. As Crazy Eddie collapsed, newly uncovered documents show, Mr. 2 million. 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. No one's prices have been quite as "insaaaaaaane. Highly recommend him to all shoppers. Litig. Eddie Antar was 68. C. Px 44 at 1 n. American Ambassadors. Masterminds. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. For reprint and licensing requests for this article, click here. 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. Eddie. Growing up poor he had dreams and aspirations of becoming a household name. Antar, but also dismissed virtually all of Crazy Eddie's current management, including a number of Mr. Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. E. "A. "Crazy" Eddie Antar. 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. ) On July 16, 1990, the SEC obtained a judgment for $73,496,432, plus interest, against Eddie Antar in the United States District Court for the District of New Jersey. " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. In a statement given by Sam E. Antar, was CFO of Crazy Eddie and was complicit in its fraud. Antar’s death on Saturday was. The chain grew rapidly during the years when the VCR hit the market. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. Antar fled in 1990. 952-831-2707 | 1-800-331-4288. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. Sam A. In 1971, Eddie Antar purchased Ronnie Gindi's share of ERS electronics for $25,000 in cash. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Mr. 0. Along with my cousin Eddie Antar, his father Sam M. New York Post photo composite More On: cons If. 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. Natalie was the second Cantor daughter and truly the hardest one to find information on. Eddie Antar was a bizarre combination of Old World and New World. , committing securities fraud by “going legit”. 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. View contact information: phones, addresses, emails and networks. Stiff Sentence. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. The elder Mr. Among his clients were Donald J. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then-United StatesThe massacre was a real bean-spiller, and it was followed by the testimony of Eddie’s first cousin (and partner and C. 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. 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. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. S. Behold, The another logo over. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. Owner of the famous Crazy Eddie chain of stores. 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. 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. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. F. 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. Eddie and Allen Antar, and a third brother, Mitchell, were charged in August with stock fraud. By Niraj Chokshi Sept. On September 10, 2016, he died at the age of 68, reportedly having been battling liver cancer. The famous commercials were all produced in house and were not a creation of an outside. 89-3773 (JCL) (D. Find a Grave Memorial ID: 168. 28-Jan-1890. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. The New York Times Archives. Antar's relatives. Israel: Eddie Antar once known as "Crazy Eddie," New York's electronics king, is led by an Israeli police detective 25 June 1992 for a remand hearing. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. Member National Association Professional Organizations. He has since admitted helping to mastermind one of the largest securities frauds of its time,. Antar's minor children. The last Crazy Eddie stores closed for good at the end of 1989. Testimony of Sam E. 0:52. Eddie. Antar, which is to continue next week, has bolstered the government’s contention that Eddie Antar, along with his brothers Mitchell and Allen, bilked stockholders of $80 million before the chain collapsed in the late 1980s. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. Eddie Cantor. 10. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. He was 68. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. He built “Crazy Eddie’s” into a publicly traded $300 million company with many franchise locations. Added: 12 Sep 2016. 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. 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 1989 the company was bankrupt. A cause of death was not disclosed. 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. , to — at its height. 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. Kings Co. The original store was located at 1117 Kings Highway in Brooklyn, New York. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. COURT ORDERS FORMER WIFE AND CHILDREN OF EDDIE ANTAR TO DISGORGE PROCEEDS OF INSIDER TRADING The U. e. , 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. " It's a colorful story from the early days of home PC sales. Johanna Frances Antar, American computer consultant. United States of America v. 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. Katy Perry & Orlando Bloom’s Daughter Daisy Dove Makes Public Debut at Vegas. 9 million to disgorge profits from Eddie’s illegal stock sales. Antar died in 2016. 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. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. I am a former CPA and former Chief Financial Officer of Crazy Eddie, Inc. Antar, Vol. Eddie was a millionaire, with roughly 53 million dollars in. 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 eventually pleaded guilty to. 18, 1947, the grandson of Syrian Jewish immigrants. 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. This book is worth your time, and Weiss should be saluted for his work. 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. Serial fraudster Sam A. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. By The Associated Press. 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. Eddie Antar was having an crimes such as. Podcast Duration: 56 min, 22 sec. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. (Eddie spent several years in prison. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. United States of America v. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 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. Eddie, Ronnie, and Sam M. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The elder Mr. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials, a. In 1972, the “fair trade law” was removed and many consumers viewed Eddie as a “retail. Shop Crazy Eddie clothing on Redbubble in confidence. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. , U. Crazy Eddie. 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. Whether you wear women's clothing or men's clothing you’ll find the original artwork that’s perfect for you. 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. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. $34. Mitchell Antar, in 94-5228. Sam later became the. After gaining control, Mr. Essay, Pages 8 (1852 words) Views. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar's death to CNNMoney on Sunday. Sven Nackstrand/AFP/Getty ImagesDeadline reports that Jon Turteltaub, director of the National Treasure films and The Meg, will helm Insane, which will track the real Crazy Eddie's rise and fall. Eddie Antar now owned 2/3 of Sights and Sounds and his father Sam M. Antar, Vol. 3d 568 Docket: 94-5228. The authorities accused its namesake, Eddie Antar, of skimming cash — he had $32 million under an alias in a Swiss bank account at one point. 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. At a time when most electronics stores were small (“kleyn”) storefronts, Antar created electronics SUPERSTORES that sold the new gadgets consumers were clamoring for in the 1970s and 1980s. Antar's uncle hid up to $3. He became famous by cheating money from women he met through newspaper announcements, by. United States of America v. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). 9 million to disgorge profits from Eddie's illegal stock sales. The repatriation order again came up during the trial when Eddie's daughter 57. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. Antar, 59, the founder and former chief executive of the now-defunct Crazy Eddie chain of electronics stores, has never heard of Alexander. Apr 05, 2021. Antar was an intelligent youth but found school boring, dropping out at. Eddie Antar died in 2016. Though both of her parents work, they cannot afford medical insurance for themselves or her. pdf) or read online for free. Eddie had 3 siblings. Sammy pleaded guilty to three felonies. RIP," he wrote. Antar. 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. TV-PG. 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. 9 million to disgorge profits from Eddie’s illegal stock sales. The marriage ended in divorce. 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. JTA — Crazy Eddie was a consumer electronics empire built on hype. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. He and members of his family were too busy engineering a $120 million rip-off. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. Antar. and the current entity status is Active. Deborah Joyce Antar currently resides in New York, New York. Eddie Palmieri's ConjuntoBorn in 1947, Antar opened his first Crazy Eddie electronics store when he was in his early 20s, in Brooklyn, N. Mitchell Antar, in 94-5228. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. Sam A. 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. Updated Sep. The money involved was dwarfed by the Crazy Eddie saga, which bilked. 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 is alleged to have made $75 million during the short public life of Crazy Eddie. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. In a brief scuffle, Mr. Three decades after it collapsed under the immense weight of a. A man’s face on 20Now 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. Antar fled the country in 1990 and two years later was arrested in Israel. Eddie Antar, the mastermind behind New York’s infamous Crazy Eddie CE chain, died on Sept. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. 3d 568 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. According to the proposed amendment to the class action complaint in In re Crazy Eddie Sec. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then-United StatesThe massacre was a real bean-spiller, and it was followed by the testimony of Eddie’s first cousin (and partner and C. Highly recommend him to all shoppers. Mr. 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. Crazy Eddie’s fraudulent empire. Few things evoke the New York of a particular era the way "Crazy Eddie! His prices are insaaaaane!" does. , the consumer electronics concern that is the target of two takeover bids. Although Eddie Antar founded the company, Sam. ”. “Crazy Eddie” was Eddie Antar, the grandson of Syrian immigrants, who started a modest stereo shop in Brooklyn and parlayed it into a retail empire grossing $350 million annually. Eddie married first name Antar (born Rosen) . The real Eddie Antar didn’t have time for acting. . A cause of death. Media - 9 Elul 5776 – September 12, 2016. 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. 1650 West 82nd Street, Suite 600, Bloomington, MN 55431. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. OCEAN TOWNSHIP, N. OCEAN TOWNSHIP, N. 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”. Later. 1609) 1676 Gerrard Winstanley, English religious reformer (b. Eddie Antar, his father Sam MAntar. New Jersey Department of Corrections. Mr. February 27, 1990 arrest warrant for Eddie Antar. Mr. The elder Antar cooked the. He was 68. Eddie Antar was 68. 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. (AP) _ Eddie Antar, a fallen electronics tycoon who became an international fugitive, must remain in prison for 40 more months for cheating investors in his Crazy Eddie chain, a federal judge said Monday. But Eddie was Eddie Antar, a Syrian Jew from Flatbush who turned a single store in Brooklyn into the largest retail electronics chain in the New York metro area with annual sales over $300 million. 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. Weiss deftly weaves the family story, with the New York Zeitgeist of the 1970s and 1980s, along with the rather complicated frauds committed by the Sam and Eddie Antar. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. Eddie Antar was 68. The real Eddie, last name Antar, was born in 1947 to Sam M. 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. He died in 2016 at the age of 68. Antar. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. 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. Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison. J. 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. The Antar family committed a laundry list of scams making it look like business was booming. Sam E. ); Deborah Rosen Antar; Robert S. Apr 05, 2021. July 15, 1993; Credit. 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. In other words, he turns the complicated and baffling into simple and understandable. Antar was the government’s key witness in both the criminal and civil prosecutions against members of his family, including his cousin, “Crazy” Eddie Antar, and his uncle, family patriarch. Eddie Antar was 68. A month later, the company announced its first-ever decline in same-store sales, an. The money involved was dwarfed by the Crazy Eddie saga, which bilked. He was 68. Apr 05, 2021. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. Crazy Eddie was a consumer electronics empire built on hype. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. 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. . The family business grew into a chain with. 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. The. NEW YORK — 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 Saturday. Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. The girl had been at the hospital since hours after the Feb. Eddie Antar was born on 18 December 1947, in Brooklyn, New York City, New York, United States as the son of Sam Antar. He was 68.