S. , which obtained a $73 million judgment against Mr. 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. e. The Father’s an over the top, avid Yankee fan. For reprint and licensing requests for this article, click here. Eddie Antar, et a1. Eddie and Allen Antar, and a third brother, Mitchell, were charged in August with stock fraud. 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. Editor's note: This article appeared in the June 5, 1989 issue of Crain's New York Business. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. Eddie Antar and Sam M. Stiff Sentence. Antar lives in Brooklyn. 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. C. Antar, 44 years old, was indicted for defrauding Crazy Eddie stockholders of $83 million and was the subject of a two-year international hunt. J. Other attempts have. The New York Times Archives. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). It also evokes the saga of the Syrian. Apr 05, 2021. After Eddie fled the country, Sammy offered to testify for Federal prosecutors in exchange for immunity. 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, 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. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. Dealership Rating. This chapter discusses how, during the 1980s, Sam E. This book is worth your time, and Weiss should be saluted for his work. Available on Prime Video, Tubi TV, Amazon Freevee. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Crazy Eddie Antar. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Mr. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades. 1528. July 15, 1993; Credit. 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 was a consumer electronics empire built on hype. 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. Eddie Antar made more than $74. The. Provide details on what you need help with along with a budget and time limit. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. As Crazy Eddie collapsed, newly uncovered documents show, Mr. He was 68. , U. United States v. Member National Association Professional Organizations. Antar. Michael was Eddie Cantor's first grandchild. 5 million shares of his stock, Mr. The elder Antar cooked the. and the current entity status is Active. 8 million from 1984 to 1987 by selling 6. 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. James Gandolfini, Actor. At the age of 20 years old, Antar opened up his very first store, Crazy Eddie. 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. Ms. 89-3773, NHP] (LR-13509) CORRECTION A heading in the February 1 issue of the Digest inadvertently stated there was a. Post a Question. During his term as the company's chief executive. Subject of Burt Lancaster movie. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials, a. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. He was 68. 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. 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. (the "Class Complaint"), Eddie Antar realized cash proceeds of $72,245,649, his father Sam M. 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. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. Eddie. Behind the scenes and the screams, Eddie Antar never met a scam he didn't love and was a pathological liar. Directions. He had a mistress. Few things evoke the New York of a particular era the way "Crazy Eddie! His prices are insaaaaane!" does. 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. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. 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. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New. A cause of death wasn't disclosed. Eddie married first name Antar (born Rosen) . "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. Eddie Antar was 68. 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. Highly recommend him to all shoppers. Antar. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. As breathless sales pitches occasionally remind us, everything must go. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Mr. Eddie had 3 siblings. 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. O. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. Between that time and November 1987, although not in all cases throughout that period, the individual defendants were its directors or officers. 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 famous commercials were all produced in house and were not a creation of an outside. No one's prices have been quite as "insaaaaaaane. American Ambassadors. Antar started in the early '70s with a single electronics store in Brooklyn and his empire eventually grew to 43 stores in four states. A cause of death. Antar was an intelligent youth but found school boring, dropping out at. September 12, 2016, 10:34 a. 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. Eddie fled to Israel using a fake passport and the alias David Jacob Levi Cohen, and purchased a townhouse in the city of Yavne. Essay, Pages 8 (1852 words) Views. Crazy Eddie was an electronics store that specialized in low prices and a party. He was 68. The Bloomfield-Cooper funeral home in Ocean. S. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. 143-145. J. ) Sam E. 3d 568 Docket: 94-5228. Antar, who helped mastermind the now-defunct consumer electronic business with his cousin, Eddie Antar and uncle, Sam M. Antar lives in Brooklyn. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. , with his family at his side. 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 began as a family-controlled operation with Eddie Antar as the key. The funeral home said it had no details on. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. 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). Brooklyn, New Jersey. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Known as Eddie Antar, he became a pioneer. View contact information: phones, addresses, emails and networks. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. Antar to see what he could tell me about his cousin Sam A. Antar, was CFO of Crazy Eddie and was complicit in its fraud. 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. 28-Jan-1890. By Alpha-burn. longs for the day when her 4-year-old daughter, Livia, can act like a. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Although Eddie Antar founded the company, Sam. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. June 29, 2012, 4:27 p. 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. NEWARK, N. (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. E. He was extradited and in 1992, in a plea bargain agreement, pleaded guilty to a single charge of racketeering. Antar owned 1/3 of Sights and Sounds. Sam A. Filed: 1995-04-12 Precedential Status: Precedential Citations: 53 F. Eddie Antar, his father Sam MAntar. 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, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. Mr. J. RIP," he wrote. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Eddie Antar was 68. C. Check resumes and CV, places of employment, news, social media profiles, photos and videos, public records, skilled experts, arrest records and business records. Antar is the former businessman who cooked the books at Crazy Eddie. 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. Sam A. . 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. Divorced Eddie in 1984 and, with her daughters, paid $3. Three years later, he was extradited back to the U. Sam E. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. 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. J. Eddie Antar was a Brooklyn-born businessman who in 1971 started the electronic retail store, “Crazy Eddie. 18, 1947, the grandson of Syrian Jewish immigrants. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. 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 - Masterminds (Season 1, Episode 1) - Apple TV. Antar. Antar co-founded. His family has not disclosed the cause of his death. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. View More Reviews on. District Judge Harold A. Dan Hulshizer / AP. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. 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. The complete story of the rise and downfall of Eddie Antar and the Crazy Eddie chain is told in a new book called “Retail Gangster: The INSANE, Real-Life Story of Crazy Eddie,” written by veteran investigative journalist Gary Weiss. Carroll's fast-talking, shout-at-you. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. District Court for the District of New Jersey ordered Deborah Rosen Antar and her daughters (the former wife and children of Eddie Antar) to disgorge illegal profits arising from Eddie Antar's sale of 300,000 shares of. Wall Street swooned. The screenplay was written by Peter Steinfeld. Crazy Eddie. 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. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. Apr 05, 2021. Headquartered in Edison, it grew to 43 stores in four states. In a brief scuffle, Mr. provided similar testimony for fiscal. 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. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. Y. The real Eddie Antar didn’t have time for acting. 10. Gonzalez, Jr. A certified public accountant, he had. " It's a colorful story from the early days of home PC sales. 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. In other words, he turns the complicated and baffling into simple and understandable. A CASE STUDY Eddie Antar, one of the most shameless white-collar criminals in the last half of the 20th century, limped onto his latest of many flights from New York to Tel Aviv, Israel. 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. Serial fraudster Sam A. " App. 0:00. J. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. EDT 1 Min Read. Crazy Eddie's eventually went public and had a valuation of $600 million. . As Crazy Eddie collapsed, newly uncovered documents show, Mr. Dealership Rating. Actor, Comedian, Dancer, Film Producer, Screenwriter, Composer, Author. Antar. Criminal. Sammy pleaded guilty to three felonies. 12, 2022, 6:22 a. Headquartered in Edison, it grew to 43 stores in four states. Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison. 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. Antar died in 2016. Eddie began to price his products below the industry norm. Antar eventually pleaded guilty to. In a filing with. The notoriety of this case has continued into the 21st century. 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. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. Sam M. By The Associated Press. The Bloomfield-Cooper funeral home in Ocean. Bush's daughter Dorothy marries Bobby Koch; Jun 30 Actress Cecil Hoffman (Zoe-LA Law) marries Paul. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Police officers lurked at every airport. Growing up poor he had dreams and aspirations of becoming a household name. In April, the court ordered Sam Antar to return $57. 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. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. But Eddie Antar aggressively courted the investment. 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. He died on 10 September 2016, in New Jersey, United. 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. He took the electronics chain from one store in Brooklyn, N. 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. Although Eddie. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. Sam A. 0:52. m. CASE 1. 1051. Sam E. OCEAN TOWNSHIP, N. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. E. . Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. (1995) - Free download as PDF File (. " App. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Gonzalez, Jr. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. , U. By Niraj Chokshi Sept. Sam A. Antar expanded his business from a single Brooklyn store, founded in 1969, into the largest consumer electronics chain in. The film is being financed by eOne. 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. Added: 25 Apr 1998. Antar, will provide straight talk and facts as to the dangers of fraud, lack of internal controls, lack of careful auditing, and how criminals take advantage of human nature and the weaknesses of others. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. Eddie Antar died in 2016. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail Gangster. 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, 68, who owned retail chain Crazy Eddie electronics, has died. , the consumer electronics concern that is the target of two takeover bids. . Among his clients were Donald J. of 1. said Mr. Dealership Rating. m. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. The testimony of Sam E. In 1989, Sirota filed a civil suit against Antar who was still in the US. 3 million common shares outstanding. Eddie had 3 siblings. By 1989 the company was bankrupt. He was 68. The real story of Crazy Eddie is a familiar American story of wild success. Mr. 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. Highly recommend him to all shoppers. , committing securities fraud by “going legit”. Antar was an intelligent youth but found school boring, dropping out at. 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. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Still, he knows what it is like to be on the run: He was. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. 3d 568 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. 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. , founder of the Roseland-based law firm of Carella, Byrne, Cecchi, Olstein, Brody, and Agnello, P. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. m. Eddie was a millionaire, with roughly 53 million dollars in. . Much of the ill-gotten loot was placed. , which did not say where he died or give the cause. The chain grew rapidly during the years when the VCR hit the market. In 1988, soon after the S. “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. His cousin, Sam E. About The Instructor. 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. In addition. He was a true genius (“goen”). , USDC NJ, Civil Action No. , helped mastermind with his cousin, Eddie Antar, and uncle, Sam M. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. ) Sam E. Employee Rating. Antar, a former CPA and former CFO of a family-run business, Crazy Eddie, Inc. 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 was a consumer electronics empire built on hype. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. 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. Eddie was a family man, a ladies man, and a rich man. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. United States v. Mitchell Antar, in 94-5228. This new half-hour series. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. 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. "Crazy" Eddie Antar. Maxene Andrews. 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. 2 million. 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. 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. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;.