Electronics kingpin "Crazy Eddie," left, died Saturday at the age of 68. No one's prices have been quite as "insaaaaaaane. Known as Eddie Antar, he became a pioneer. The Crazy Eddie, Inc. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Apr 05, 2021. Eddie Antar is alleged to have made $75 million during the short public life of Crazy Eddie. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 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. 28-Jan-1890. , which did not say where he died or give the cause. N EW YORK — Crazy Eddie was a consumer electronics empire built on hype. Maxene Andrews. Retail Gangster (Hachette Books, August 23, 2022), his fourth book, is an inside look at Eddie Antar---a marketing genius who turned a tiny Brooklyn store into the heart of a corporate empire, the largest retailer of consumer electronics in the northeast. Wall Street swooned. Natalie was the second Cantor daughter and truly the hardest one to find information on. A mother brings her daughter into the emergency room during an asthma attack. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. 9 million to disgorge profits from Eddie’s illegal stock sales. Tuesday night to share the. ”. He was 68. Danielle Antar: Birthdate: estimated between 1952 and 2012 : Death: Immediate Family: Daughter of Eddie Antar and Private Sister of Private; Private; Private; Private and Private . 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. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. 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. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, 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. Nearly 30 years after the fact, the. , Inc. The girl had been at the hospital since hours after the Feb. + Follow. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. Mr. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. To meet analysts’ expectations, we conceived of a plan called the “Panama Pump”. owned equal 1/3 shares of ERS Electronics. 18, 1947, the grandson of Syrian Jewish immigrants. In 1989, Sirota filed a civil suit against Antar who was still in the US. 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. 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. 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. In 1981, Sam passed the CPA. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. Dealership Rating. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. Antar is the former businessman who cooked the books at Crazy Eddie. 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. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,”. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. CASE 1. Testimony of Sam E. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. The funeral home said it had no details on. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. OCEAN TOWNSHIP, N. . sentenced Eddie Antar, formerly the Chairman and Chief Executive Officer of Crazy Eddie, Inc. W. Although Eddie Antar founded the company, Sam. According to the proposed amendment to the class action complaint in In re Crazy Eddie Sec. Eddie Cantor. I am a former CPA and former Chief Financial Officer of Crazy Eddie, Inc. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. American broadcaster (Coke Time with Eddie Fisher, Robbins Nest), dies at 72; Jun 24 Juris. 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 on how the illegal schemes had been carried out. Eddie Antar was born on 18 December 1947, in Brooklyn, New York City, New York, United States as the son of Sam Antar. Eddie Antar Daniel Hulshizer/Shutterstock. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. . United States v. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Carella, Esq. Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. Post a Question. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. 13, 2016 6:16 pm ET. 3 million common shares outstanding. In 1984, the. All groups and messages. During his term as the company's chief executive. Testimony of Sam E. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. What they got, instead, was another Antar. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. United States of America v. Mitchell Antar, in 94-5228. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969 to 1987. Although Eddie. Eddie Antar was a Brooklyn-born businessman who in 1971 started the electronic retail store, “Crazy Eddie. 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. 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. Three decades after it collapsed under the immense weight of a. Rider University. 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. , to — at its height. The project was set by eOne late last year, with an exclusive rights deal has been made with Crazy Eddie’s cousin and co-conspirator Sam E. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. There, the founder and chief executive of Crazy Eddie Inc. ) Sam E. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. I am glad we were able to make our Truck purchase from Eddie Antar. 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. 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. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. The New York Times Archives. Eddie S Antar. Sam E. 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. No cause was given. Subscribe to FAQ NYC on Apple, Spotify, or pretty much everywhere podcasts are found. Crazy Eddie was a consumer electronics chain in the Northeastern United States. Few things evoke the New York of a particular era the way "Crazy Eddie! His prices are insaaaaane!" does. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. Antar was sentenced to 21 months in federal prison in 2013 for taking $225,000 in a fraudulent investment scheme and spending the money in part on gambling, and he pled guilty in 2019 to second-degree theft by deception in another investment scheme. 143-145. 89-3773, NHP] (LR-13509) CORRECTION A heading in the February 1 issue of the Digest inadvertently stated there was a. J. 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. He. She was discharged Saturday and her aunt and uncle. Mr. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. Masterminds. 8 million from 1984 to 1987 by selling 6. Insane will focus on Sam E. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Brooklyn, New Jersey. Its name was Crazy Eddie. 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. Antar, the. United States v. $34. Kings Co. 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. Eddie was a millionaire, with roughly 53 million dollars in. Crazy Eddie Fraud Case. I committed my crimes, simply because I could. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. Although Eddie Antar founded the company, Sam. Gender: Male Religion: Jewish Race or . Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. ¶ 33(F). In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Eddie Antar was having an crimes such as. OCEAN TOWNSHIP, N. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. 524K subscribers 59K views 15 years ago Their prices were insane. The Father’s an over the top, avid Yankee fan. It was unsuccessful to begin. 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. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. District Judge Harold A. February 27, 1990 arrest warrant for Eddie Antar. Crazy Eddie's eventually went public and had a valuation of $600 million. 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. Mitchell Antar has resigned as executive vice president and chief operating officer of Crazy Eddie Inc. The elder Antar cooked the. ) Sam E. Crazy Eddie Antar was coined by US Attorney Michael. Antar's minor children. Mr. The chain grew rapidly during the years when the VCR hit the market. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. Rosenbaum, President of R. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. DEBORAH ROSEN ANTAR Eddie's first wife. "Eddie Antar, Index No. Antar, Vol. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Ackerman ordered. 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. He was 68. . Tweet on TwitterFollowing his time in prison, Antar desperately tried to start one electronics effort after another, but ultimately they all failed. Eddie Antar died in 2016. Apr 05, 2021. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. The. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. Directions. In 1992, he was caught in Israel and, after a lengthy extradition. The testimony of Sam E. The. By. "Crazy" Eddie Antar. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. As I have shared with. He was convicted. In 1984, Eddie Antar divorced his wife, and the Crazy Eddie family organization began to fracture. Mitchell Antar, in 94-5228. Along with my cousin Eddie Antar, his father Sam M. All groups and messages. He and members of his family were too busy engineering a $120 million rip-off. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. By 1989 the company was bankrupt. Eddie Antar paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Filed: 1995-04-12 Precedential Status: Precedential Citations: 53 F. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. She and her daughters paid $3. 1051. Entrepeneur. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. Eddie and Allen Antar, and a third brother, Mitchell, were charged in August with stock fraud. He was extradited and in 1992, in a plea bargain agreement, pleaded guilty to a single charge of racketeering. 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. Crazy Eddie's eventually went public and had a valuation of $600 million. By Alpha-burn. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 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. Shop Crazy Eddie clothing on Redbubble in confidence. In November 1986, Mr. , which obtained a $73 million judgment against Mr. Greg Berlanti, Sarah Schechter, Peter Steinfeld. 12, 2022, 6:22 a. Eddie Antar died in 2016. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. We’ll also look back at Crazy. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. 1051. The difference between a 4% increase in sales and the 10% increase in same store sales expected by Wall Street analysts was about $2. Antar to see what he could tell me about his cousin Sam A. Crazy Eddie Antar. overstated its. Among his clients were Donald J. Antar fled the country in 1990 and two years later was arrested in Israel. 18, 1947, the grandson of Syrian Jewish immigrants. Antar is the former businessman who cooked the books at Crazy Eddie. 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. Still, he knows what it is like to be on the run: He was. Katy Perry & Orlando Bloom’s Daughter Daisy Dove Makes Public Debut at Vegas. " App. . Crazy Eddie. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar's death to CNNMoney on Sunday. Eddie was a millionaire, with roughly 53 million dollars in. The Bloomfield-Cooper funeral home in Ocean. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. Antar vanished from the United States after. 1. 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. His cousin Eddie Antar, the company’s CEO, fled to Israel in 1990. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. Whether you wear women's clothing or men's clothing you’ll find the original artwork that’s perfect for you. 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. 6 earthquake. 0. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. He previously broke the news of Eddie Antar's death in 2016 and later authored a first-person memoir of his experience there. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. Antar co-founded. , 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 (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). 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. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. the another true-crime story called "The Eels of Electronics", Where it should based on Eddie and Sam M. Per their story: Antar opened his. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. This chapter discusses how, during the 1980s, Sam E. It’s Friday. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. 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”Writers on a NE Stage. 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. The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. The project was set by eOne late last year, with an exclusive rights deal has been made with Crazy Eddie’s cousin and co-conspirator Sam E. 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. The family business grew into a chain with. Get this Sun-Journal page for free from Monday, February 2, 1987 r' 2C Lewiston Journal Community events Monday Fabruary 2 1987 A Patent Business briefs Management s. 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. In a brief scuffle, Mr. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Antar, a former accountant and criminal convicted for his role in perpetrating millions of dollars worth of tax and securities fraud, appeared at. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. Mr. COURT ORDERS FORMER WIFE AND CHILDREN OF EDDIE ANTAR TO DISGORGE PROCEEDS OF INSIDER TRADING The U. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). View More Reviews on. O. Eddie Antar was 68. The Crazy Eddie name is not forgotten, let’s hope they re-open some of those magical stores someday! Our friend Dean lived in the New York area for a while and was a loyal Crazy Eddie customer. Updated Sep. 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. By 1987,. Antar. Police officers lurked at every airport. E. 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. has been operating for 36. Sam A. United States of America v. 5 million shares of his stock, Mr. E. Crime Jul 15, 2003 23 min. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. The Antar family criminal enterprise ranged from under-reporting income taxes in the 1970s. 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. EDT 5 Min Read. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. 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. Maintained by: Find a Grave. Eddie Antar. The famous commercials were all produced in house and were not a creation of an outside. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. Employee Rating. Antar was released from prison in 1999. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. He was 68. , committing securities fraud by “going legit”. Later. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. Gonzalez, Jr. 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. Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. She is also a mother. Ct. Carella, the court appointed Trustee/Receiver (Trustee/Receiver) for all of the assets of Eddie Antar, has recovered and returned to the United States $1,035,000 (US) from an account Antar controlled at a Montreal branch of a Canadian bank. to electronics chain called "Crazy Eddie", that supposed to be great & epic, But Unfortunately, Eddie goes end up having terrible problems. Source citation. 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. After Eddie fled the country, Sammy offered to testify for Federal prosecutors in exchange for immunity. Crazy Eddie was an electronics store that specialized in low prices and a party. He was 68. American Ambassadors. 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. pdf) or read online for free. Eddie Antar and Sam M. Carroll's fast-talking, shout-at-you. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. In other words, he turns the complicated and baffling into simple and understandable. “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. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. 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. Antar lives in Brooklyn. Ms. Highly recommend him to all shoppers. I am glad we were able to make our Truck purchase from Eddie Antar. C. C. ) 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. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. He was 68. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. To survive in business, Eddie Antar resorted to circumventing fair trade by discounting merchandise to customers. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. My salary is insufficient to meet. com. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. Y. Sam A. Eddie Antar made more than $74. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. Eddie Antar was a bizarre combination of Old World and New World. 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. Eddie Antar was 68. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. Sam M. Criminal. Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. Sept. 5 million shares - at $14 a share. Eddie Antar, in 94-5230, 53 F. org. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. 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. Gonzalez, Jr. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades. Licensed to: iChapters User CASE 1. Sammy’s testimony, in part, helped investigators trace Eddie’s Israeli bank accounts and other ill-gotten gains.