provided similar testimony for fiscal. “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. Sam A. Rosenbaum, President of R. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. N EW YORK — Crazy Eddie was a consumer electronics empire built on hype. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. JINDERIS, Syria (AP) — A baby girl who was born under the rubble of her family’s earthquake-shattered home has left the hospital and gone to her new home, where she was with her paternal aunt’s family Monday. Eddie was a millionaire, with roughly 53 million dollars in. Apr 05, 2021. Antar’s death on Saturday was. Antar’s views on white-collar crime are frequently quoted in the media, and he has appeared on a variety of television and radio shows, including Fox News, CNBC and National Public Radio. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. 12, 2022 Good morning. Crazy Eddie. $34. 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. The man who turned the "Crazy Eddie" electronics stores into a retail giant before it collapsed amid federal fraud charges has died. As Crazy Eddie collapsed, newly uncovered documents show, Mr. 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. Eddie Antar started young. 143-145. , had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. Tweet on TwitterFollowing his time in prison, Antar desperately tried to start one electronics effort after another, but ultimately they all failed. 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. Eddie Antar was having an crimes such as Conspiracy, Tax evasion, Money laundering, & Security Fraud, and Even Worse, He was abusive husband and father who have uncaring as he destroyed along the way! His own poor daughter named Rose was dying from suffering! the Demise of this Electronics Retail was a result of Internal rivalries,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. often pumped iron while haggling with vendors, occasionally rising from his weights to pour a round of drinks, tell a joke or consummate a deal. And Rose and Debbie Antar, Eddie Antar's mother and wife, were each drawing $76,000 a year in salary; for what, Oppenheimer couldn't quite figure out. 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. All groups and messages. The Crazy Eddie, Inc. Federal. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. Insane will focus on Sam E. Antar, 59, the founder and former chief executive of the now-defunct Crazy Eddie chain of electronics stores, has never heard of Alexander. 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. Other attempts have. Police officers lurked at every airport. Mitchell Antar, in 94-5228. Prices, Dies At 68. Gender: Male Religion: Jewish Race or . Crazy Eddie was a consumer electronics empire built on hype. Here's a quick look at 11 moments during his rise and fascinatingly bizarre fall: Antar opened his first Crazy Eddie electronics store in 1969 on Kings Highway in Brooklyn. Antar, a former CPA and former CFO of a family-run business, Crazy Eddie, Inc. Antar is the former businessman who cooked the books at Crazy Eddie. A month later, the company announced its first-ever decline in same-store sales, an. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). Mr. The father of five's cause of death has not been made public. overstated its. Added: 12 Sep 2016. Though both of her parents work, they cannot afford medical insurance for themselves or her. The original store was located at 1117 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. Carroll's fast-talking, shout-at-you. United States of America v. Antar. 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. , USDC NJ, Civil Action No. Crazy Eddie Innovator Eddie Antar Dead at 68. ANTAR, MITCHELL ANTAR, ISAAC KAIREY, DAVID PANOFF, EDDIE GINDI, AND KATHLEEN MORIN, Civil Action No. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Stiff and unable to bend. C. Eddie began to price his products below the industry norm. C. Antar was the primary person that told me. 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. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. . Antar, the. Known as Eddie Antar, he became a pioneer. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. Share full article. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. -- Eddie Antar, founder of the Crazy Eddie discount electronics store chain, his two brothers and a cousin were indicted Monday on charges of cooking the company's books and making a. Available on Prime Video, Tubi TV, Amazon Freevee. 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. Antar was the primary person that told me. Eddie, Ronnie, and Sam M. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. In 1989, Sirota filed a civil suit against Antar who was still in the US. E. 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. Bush's daughter Dorothy marries Bobby Koch; Jun 30 Actress Cecil Hoffman (Zoe-LA Law) marries Paul. ) Sam E. Headquartered in Edison, it grew to 43 stores in four states. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. In 1988, soon after the S. Antar on how the illegal schemes had been carried out. Mr. Sam later became the. Between that time and November 1987, although not in all cases throughout that period, the individual defendants were its directors or officers. 3d 568 Docket: 94-5228. , Inc. The Antar family criminal enterprise ranged from under-reporting income taxes in the 1970s. Mr. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. In April, the court ordered Sam Antar to return $57. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. J. Masterminds tells real crime stories about amazing deceptions that brilliant criminals use to pull off seemingly impossible crimes. Maintained by: Find a Grave. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. J. Charles C. By 1989 the company was bankrupt. Much like Frank Abagnale Jr of Catch Me If You Can. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. 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. At its height, Crazy Eddie had 43 stores in four North Eastern states. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,” and his second wife, Rosie Tawil, the. UMASS Boston Eddie Antar Crazy Eddie. (3) 1984-1987: As a. 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. 89-3773, NHP] (LR-13509) CORRECTION A heading in the February 1 issue of the Digest inadvertently stated there was a. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar started in the early '70s with a single electronics store in Brooklyn and his empire eventually grew to 43 stores in four states. According to the proposed amendment to the class action complaint in In re Crazy Eddie Sec. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. Crazy Eddie. Eddie Antar, in 94-5230, 53 F. Sam M. Eddie Antar once reigned over an electronics chain with 43 locations in New York, New Jersey, Pennsylvania and Connecticut, NJ Advance Media reported. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. Antar eventually pleaded guilty to. A mother brings her daughter into the emergency room during an asthma attack. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. 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. This chapter discusses how, during the 1980s, Sam E. United States of America v. It’s Friday. Gonzalez, Jr. Find a Grave Memorial ID: 168. . 9 million to disgorge profits from Eddie's illegal stock sales. Among his clients were Donald J. Employee Rating. 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. , a leading consumer electronics retailer in NY. In 1971, Eddie Antar purchased Ronnie Gindi's share of ERS electronics for $25,000 in cash. Although Eddie. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. The Bloomfield-Cooper. The. No cause was given. 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. The notoriety of this case has continued into the 21st century. m. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. Mr. 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. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. “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. published March 27, 2019. . 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. Per their story: Antar opened his. Ct. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. 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. Eddie Antar, et a1. Shop Crazy Eddie clothing on Redbubble in confidence. She was first married to a Joesph Lewis Metzger and had a son Michael on October 18, 1939. This book is worth your time, and Weiss should be saluted for his work. Antar's minor nephews and nieces but does not include 300,000 shares held by Deborah Antar, former wife of Eddie Antar, as custodian for Mr. Antar'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. "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. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. In 1981, Sam passed the CPA. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. The Crazy Eddie brand was born when Eddie Antar opened an electronics store in Brooklyn in the 1970s and became known as “that crazy guy” who offered insanely low discounts. 2 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. 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. New York Post photo composite More On: cons If. United States of America v. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. 1. Much of the ill-gotten loot was placed. Lives in Brooklyn. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. Antar's minor children. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. United States v. Antar. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. Ms. The elder Mr. After gaining control, Mr. Eddie Antar (Antar), Charles C. "Eddie Antar, Index No. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. Eddie was a millionaire, with roughly 53 million dollars in. Apr 05, 2021. Divorced Eddie in 1984 and, with her daughters, paid $3. 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. She is also a mother. The testimony of Sam E. Antar knows a thing or two about corporate fraud. Sam E. Stiff Sentence. The. 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. 9 million to disgorge profits from Eddie’s illegal stock sales. Family turmoil persisted and. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. About The Instructor. 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. Serial fraudster Sam A. Crazy Eddie Fraud Case. (Eddie spent several years in prison. Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. 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. It is intended to be turned over to the S. J. The girl had been at the hospital since hours after the Feb. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. 10 at the age of 68. United States. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. July 15, 1993; Credit. 13, 2016 6:16 pm ET. Crime Jul 15, 2003 23 min. View More Reviews on. Eddie Antar made more than $74. Eddie failed to build. Highly recommend him to all shoppers. 01. Essay, Pages 8 (1852 words) Views. Apr 05, 2021. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. The chain's growth was helped by the introduction of the VCR. 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. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. In July 1984, Sam E. Crazy Eddie was an electronics store that specialized in low prices and a party. Crazy Eddie was a consumer electronics chain in the Northeastern United States. By The Associated Press. , to — at its height. 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 used the hard-bargaining techniques of the Middle Eastern souks to undermine the staid, clubby realm of American retailing. February 27, 1990 arrest warrant for Eddie Antar. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. Eddie Antar defrauded investors out of more than $74 million, and died in 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. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. 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. , and former employees Eddie Gindi and Kathleen Morin. By Peter Carbonara Sam Antar testified against his cousin, Crazy. . He had a mistress. Mitchell Antar, in 94-5228. The family business grew into a chain with. 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. Crazy Eddie may have died rich. sentenced Eddie Antar, formerly the Chairman and Chief Executive Officer of Crazy Eddie, Inc. By Niraj Chokshi Sept. And interesting enough, Danny DeVito is set to direct a biopic about his life. 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. 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. who sided with their daughter-in-law. Palmieri not only ousted Mr. Eddie Antar, founder of Crazy Eddie; has criminal convictions on 17 counts and about $1 billion worth of civil judgments against him stemming from fraudulent accounting practices at that company; Ruben Oskar Auervaara, a notorious Finnish conman and thief. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The elder 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. Michael was Eddie Cantor's first grandchild. The funeral home said it had no details on. Entrepeneur. 0:52. Dec 18, 1947 – Sep 10, 2016. Whoa, he’s still got his Crazy Eddie. 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. Kuzser refused, and the dispute began to fester. S. 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. 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, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 952-831-2707 | 1-800-331-4288. Antar, was CFO of Crazy Eddie and was complicit in its fraud. In November 1986, Mr. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. 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. 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. " (2) Includes (i) 2,088,330 shares owned by Eddie Antar directly, (ii) 240,000 shares held by Eddie Antar as custodian for the benefit of Eddie Antar's minor nephews and nieces and (iii) 300,000 shares held by Deborah Antar as custodian for Eddie Antar's minor children. E. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. 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. Cofounder of the electronics retail chain Crazy Eddie, Inc. Eddie Antar was 68. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Y. Added: 25 Apr 1998. In addition. CustomerService@mncpa. (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. Podcast Duration: 56 min, 22 sec. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. He became famous by cheating money from women he met through newspaper announcements, by. 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. Later. He died on 10 September 2016, in New Jersey, United. . Antar died on Saturday, but a cause of death was not disclosed. . Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. 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. Zinn and Mr. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 18, 1947, the grandson of Syrian Jewish immigrants. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. Eddie Antar, whose Crazy Eddie retail chain was once as much a part of the New York landscape as pizza slices and the ubiquitous yellow cab, has died. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. By Alpha-burn. Eddie Antar Daniel Hulshizer/Shutterstock. In a deeply personal battle intertwined with her legal actions, Antar is currently involved in a custody dispute over her daughter. opened its. He was convicted. 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. Crazy Eddie. Antar (Eddie’s father), and Ronnie Gindi (a first cousin) in 1969. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. 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. Employee Rating. 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. Subscribe to FAQ NYC on Apple, Spotify, or pretty much everywhere podcasts are found. Greg Berlanti, Sarah Schechter, Peter Steinfeld. The notoriety of this case has continued into the 21st century. Eddie Antar was sentenced last month to. Antar (co-founders of the company) one of the largest securities frauds of its time. EDT 5 Min Read. Because of his. Eddie Palmieri's ConjuntoBorn in 1947, Antar opened his first Crazy Eddie electronics store when he was in his early 20s, in Brooklyn, N. She and her daughters paid $3. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. 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. S. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. No cause was given. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. COURT ORDERS FORMER WIFE AND CHILDREN OF EDDIE ANTAR TO DISGORGE PROCEEDS OF INSIDER TRADING The U. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. com. The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. Antar, Mitchell Antar, Isaac Kairey, David Panoff, Eddie Gindi and Kathleen Morin, USDC for the District of New Jersey, Newark Division, Civil Action No. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. District Judge Harold A. June 29, 2012, 4:27 p. Antar, who is now 44 years old, was apparently laying the groundwork for a new life.