Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. provided similar testimony for fiscal. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. He was extradited and in 1992, in a plea bargain agreement, pleaded guilty to a single charge of racketeering. According to the proposed amendment to the class action complaint in In re Crazy Eddie Sec. $34. Antar on how the illegal schemes had been carried out. 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. 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. By Peter Carbonara Sam Antar testified against his cousin, Crazy. She and her daughters paid $3. 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. Wall Street swooned. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. On one occasion, Murad was carrying thousands of dollars in cash and thought he was being followed. Antar fled the country in 1990 and two years later was arrested in Israel. 31 (30% off) Clothing. The famous commercials were all produced in house and were not a creation of an outside. A cause of death wasn't disclosed. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. . Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. I committed my crimes, simply because I could. e. Still, he knows what it is like to be on the run: He was. In July 1984, Sam E. Eddie failed to build. pdf) or read online for free. At the age of 20 years old, Antar opened up his very first store, Crazy Eddie. A certified public accountant, he had. United States v. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. “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. Crazy Eddie was an electronics store that specialized in low prices and a party. has been operating for 36. + Follow. BROOKLYN-- He was known as Crazy Eddie. 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, a former CPA and former CFO of a family-run business, Crazy Eddie, Inc. She and her daughters paid $3. , to a federal prison term of 82 months followed by 2 years of supervised release. Highly recommend him to all shoppers. Antar was an intelligent youth but found school boring, dropping out at. 8 Crazy Eddie, Inc. “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. 524K subscribers 59K views 15 years ago Their prices were insane. The elder Mr. EDT 5 Min Read. MORE: 'Crazy Eddie' dead at 68. He used the hard-bargaining techniques of the Middle Eastern souks to undermine the staid, clubby realm of American retailing. 1650 West 82nd Street, Suite 600, Bloomington, MN 55431. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 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. July 15, 1993; Credit. 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. 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. James Gandolfini, Actor. What they got, instead, was another Antar. No cause was given. Today, Eddie Antar's cousin Sam E. 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. 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. 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. Several of the employees of. Eddie Antar was 68. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. The screenplay was written by Peter Steinfeld. . Eddie Antar, the founder of the electronics chain Crazy Eddie, which collapsed amid accusations of accounting fraud, has died at the age of 68. (1995) - Free download as PDF File (. He had a mistress. , USDC NJ, Civil Action No. 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. Antar expanded his business from a single Brooklyn store, founded in 1969, into the largest consumer electronics chain in. The year before, relatives of Antar tried to revive the Crazy Eddie name with a new store opening in Wayne, but it closed the next year. Mr. Mitchell Antar, in 94-5228. Deborah is 74 years old and was born in June 1949. App. Crazy Eddie became a known symbol for corporate fraud in its. Although Eddie Antar founded the company, Sam. Eddie Antar. . Mr. Whether you wear women's clothing or men's clothing you’ll find the original artwork that’s perfect for you. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. View More Reviews on. 1051. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Antar, 41 years old, and two other executives violated insider trading laws by selling more than $60 million of their private holdings in Crazy Eddie stock at a time when the. Sam M. New York Post photo composite More On: cons If. sent his daughter Ellen Kuszer and daughter-in-law Robin Antar (Mitchell Antar’s wife) to accompany Debbie # 1 to Manhattan and catch Eddie in the act of partying with his mistress. I am glad we were able to make our Truck purchase from Eddie Antar. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud. Electronics kingpin "Crazy Eddie," left, died Saturday at the age of 68. By Niraj Chokshi Sept. , committing securities fraud by “going legit”. 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. and found guilty of racketeering and stock fraud. Dealership Rating. 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. Antar started in the early '70s with a single electronics store in Brooklyn and his empire eventually grew to 43 stores in four states. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969 to 1987. Eddie Antar is alleged to have made $75 million during the short public life of Crazy Eddie. Carella, Esq. 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 Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died. He was 68. 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. The commercials were parodied in the movie “Splash. Eddie Antar and Sam M. Source citation. United States v. After Eddie fled the country, Sammy offered to testify for Federal prosecutors in exchange for immunity. Johanna Frances Antar, American computer consultant. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. United States of America v. 10 at the age of 68. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. Antar founded Crazy Eddie in 1975 with one store and built it into a discount electronics giant with outrageous television commercials that featured a deranged-looking actor shouting, 'Shop at. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The book not only documents Antar’s nefarious antics in lucid detail. . Growing up poor he had dreams and aspirations of becoming a household name. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. 0:52. , and a prominent leader in New Jersey legal, government, and Catholic affairs, died peacefully at the age of 89 on November 4th at his home in Cedar Grove, N. Eddie Antar started the chain in 1969 with a store in Brooklyn, N. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. To survive in business, Eddie Antar resorted to circumventing fair trade by discounting merchandise to customers. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. The girl had been at the hospital since hours after the Feb. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. . 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. Antar. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Antar died in 2016. Sometime in the morning on June 26, Lillian Rosen had been informed by Amelia Arazie that Amelia's daughter, Teri Arazie, had seen in the Proxy Statement a reference to Deborah as "the former wife of Eddie. 143-145. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. Crazy Eddie. By Peter Carbonara Sam Antar testified against his cousin, Crazy. Antar eventually pleaded guilty to. Eddie Antar died in 2016. BROOKLYN-- He was known as Crazy Eddie. By. A cause of death. Employee Rating. 1. . 1051. Crazy Eddie was an American retail store chain run by the Antar family, which was established as a private company in 1969 in Brooklyn, New York by businessmen Eddie and Sam M. Antar. New Jersey against Eddie Antar, Sam E. 28-Jan-1890. 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 was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. " App. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. Stiff and unable to bend. The film is being financed by eOne. Eddie Antar, Retailer and Felon Who Created Crazy Eddie, Dies at 68. Natalie was the second Cantor daughter and truly the hardest one to find information on. Daphne Guinness [English] Peter Beard and Cheryl Tiegs, Supermodel, represented Peter Beard. By Niraj Chokshi Sept. Eddie Antar Daniel Hulshizer/Shutterstock. 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. In a deeply personal battle intertwined with her legal actions, Antar is currently involved in a custody dispute over her daughter. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. In 1992, he was caught in Israel and, after a lengthy extradition. Eddie Antar was having an crimes such as. In 1984, the. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. 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. Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. RIP," he wrote. In 1988, soon after the S. 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. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. Divorced Eddie in 1984 and, with her daughters, paid $3. The Father’s an over the top, avid Yankee fan. 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. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. 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. Crazy Eddie may have died rich. Dan Hulshizer / AP. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Tommy on Eight is Enough. Antar on how the illegal schemes had been carried out. Other attempts have. 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. CustomerService@mncpa. 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. Y. Eddie Antar once reigned over an electronics chain with 43 locations in New York, New Jersey, Pennsylvania and Connecticut, NJ Advance Media reported. Licensed to: iChapters User CASE 1. E. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Eddie was a family man, a ladies man, and a rich man. 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. C. What they got, instead, was another Antar. 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. View More Reviews on. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. 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's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. Sam E. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. 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. Since that time, the SEC. Eddie Antar, in 94-5230, 53 F. The real story of Crazy Eddie is a familiar American story of wild success. 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. Editor-in-chief, AccountingToday. Crazy Eddie may have died rich. 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. See the article in its original context from July 15, 1993, Section D. Antar knows a thing or two about corporate fraud. Eddie began to price his products below the industry norm. 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. 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. Gender: Male Religion: Jewish Race or . The original store was located at 1117 Kings Highway in Brooklyn, New York. When the Crazy Eddie chain was bought in 1987, the ruse was up and the SEC, FBI, US Postal Service and the Justice Department came crashing in. “The kid is a degenerate gambler,” Sam. Learn more about the CPE. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. provided similar testimony for fiscal. Highly recommend him to all shoppers. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. S. 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. 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. “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. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Antar, Mitchell Antar, Isaac Kairey, David Panoff, Eddie Gindi and Kathleen Morin, USDC for the District of New Jersey, Newark Division, Civil Action No. 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. Lives in Brooklyn. In other words, he turns the complicated and baffling into simple and understandable. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. United States. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Eddie Antar, Sam E. It’s Friday. By 1989 the company was bankrupt. The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 89-3773 (JCL) (D. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Antar realized $16,857,332, and other family members and associates realized lesser amounts. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. Crazy Eddie. Judge Ackerman began his opinion as follows: There is perhaps no more insidious drain on the. Mr. . 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. 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. Crazy Eddie. — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Crazy Eddie. Sam A. Sam Antar’s cousin 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. 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. With the help of his popular commercials – which aired for nearly 15 years and. Sam E. 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. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. Although Eddie. Sam A. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. No cause was given. 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. It was unsuccessful to begin. Director Jon Turteltaub, who we all know from Cool Runnings, While You Were Sleeping, National Treasure, and The Meg, has been hired to take on the task of directing the movie Insane, about the real life story of “Crazy” Eddie Antar, the Electronics King. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. He previously broke the news of Eddie Antar's death in 2016 and later authored a first-person memoir of his experience there. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. 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. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. 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. "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. business. And interesting enough, Danny DeVito is set to direct a biopic about his life. Antar, 75, of West End, New Jersey. Antar's. 8Crazy Eddie, Inc. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. He was a true genius (“goen”). Employee Rating. Apr 05, 2021. By 1989 the company was bankrupt. 3d 568 Docket: 94-5228. O. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. Eddie Antar was a bizarre combination of Old World and New World. 18, 1947, the grandson of Syrian Jewish immigrants. Antar owns 11 percent and the Belzbergs the remainder. 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. ) 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. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969. OCEAN TOWNSHIP, N. By Jackie Wattles. 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. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Sept. Mr. There, the founder and chief executive of Crazy Eddie Inc. 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. Gary Weiss, author of Retail Gangster: The Insane, Real-Life Story of Crazy Eddie, explains how a Kings Highway sales-tax hustle grew into an era-defining media blitz and nine-figure stock fraud before the whole thing collapsed. Kuzser refused, and the dispute began to fester. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. Crazy Eddie's eventually went public and had a valuation of $600 million. Michael was Eddie Cantor's first grandchild. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. 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. Share full article. During his term as the company's chief executive. Added: 25 Apr 1998. 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. , and former employees Eddie Gindi and Kathleen Morin. New Yorkers know the company — which imploded when. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. 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. 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. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. Antar (co-founders of the company) one of the largest securities frauds of its time. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Sam 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. As breathless sales pitches occasionally remind us, everything must go. Headquartered in Edison, it grew to 43 stores in four states. Eddie Cantor. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades. E. By Alpha-burn. 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. A certified public accountant, he had. J. Eddy Antar, Eddie Antar's uncle, was corporate treasurer. 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. 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. (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. We’ll follow up on a story about the spotted lanternfly, an invasive pest the experts say you should kill. 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. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. " App. We’ll also look back at Crazy. . Crazy Eddie was an American retail store chain run by the Antar family, which was established as a private company in 1969 in Brooklyn, New York by businessmen Eddie and Sam M. E. OCEAN TOWNSHIP, N. Eddie was a millionaire, with roughly 53 million dollars in. By Peter Carbonara Sam Antar testified against his cousin, Crazy. About Eddie Antar. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. 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. Masterminds. He died in 2016 at the age of 68. Eddie Antar was 68. Eddie Antar was 68. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. ¶ 33(F).