EXCLUSIVE: Entertainment One has set up Insane, a film based on the wild life of Eddie Antar, the late consumer electronics king who wound up serving six years in prison for perpetrating one of the…EDDIE ANTAR, SAM E. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. J. " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. 5 million shares - at $14 a share. For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of Crazy Eddie radio and TV ads. Still, he knows what it is like to be on the run: He was. 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. September 12, 2016, 10:34 a. 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. A certified public accountant, he had. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. Check resumes and CV, places of employment, news, social media profiles, photos and videos, public records, skilled experts, arrest records and business records. Zinn and 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. NEWARK, N. Licensed to: iChapters User CASE 1. NEW YORK (CBSNewYork)-- Eddie Antar, the man behind the now-defunct "Crazy Eddie" chain of stores, died Saturday at the age of 68. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. (AP) _ Eddie Antar, a fallen electronics tycoon who became an international fugitive, must remain in prison for 40 more months for cheating investors in his Crazy Eddie chain, a federal judge said Monday. Eddie Antar paid for his cousin Sam E. Eddie Antar, et a1. 2 (emphasis added). February 27, 1990 arrest warrant for Eddie Antar. 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. He was extradited and in 1992, in a plea bargain agreement, pleaded guilty to a single charge of racketeering. Antar, the. I am glad we were able to make our Truck purchase from Eddie Antar. Police officers lurked at every airport. Divorced Eddie in 1984 and, with her daughters, paid $3. The Complaint alleges that defendants engaged in activities directed by Eddie Antar as a result of which Crazy Eddie fraudulently . — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. The repatriation order again came up during the trial when Eddie's daughter died and his attorney requested the court to allow him to sit. 1. 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. Sam E. New Jersey Department of Corrections. 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. 3d 568, 3rd Cir. Antar. Antar owned 1/3 of Sights and Sounds. Serial fraudster Sam A. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. Rider University. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). 9 million to disgorge profits from Eddie’s illegal stock sales. Antar's minor children. “The kid is a degenerate gambler,” Sam. Eddie Antar (Antar), Charles C. Mitchell Antar, in 94-5228. As breathless sales pitches occasionally remind us, everything must go. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Behind the scenes and the screams, Eddie Antar never met a scam he didn't love and was a pathological liar. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. Antar. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!' Prices, Dies At 68 : The Two-Way He took the electronics chain from one store in Brooklyn, N. 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. the another true-crime story called "The Eels of Electronics", Where it should based on Eddie and Sam M. S. Entrepeneur. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Litig. At its height, Crazy Eddie had 43 stores in four North Eastern states. 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. 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 Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. His death was confirmed by the Bloomfield-Cooper Jewish Chapels in Ocean Township, N. 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. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. Crazy Eddie. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. Editor-in-chief, AccountingToday. 0:00. J. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Sept. Antar was the force, if not the face, behind the Crazy Eddie electronics chain whose pitchman dominated the airwaves in the 1970’s and 80’s with a motor-mouth delivery and the tagline, “These prices are insane!’’Convicted Felon, former CPA, and former Crazy Eddie CFO Sam Antar speaks out about white-collar crime . ”. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. , to — at its height. 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. 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. Antar. Antar: “1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. By. Eddy Antar, Eddie Antar's uncle, was corporate treasurer. He was 68. Eddie Antar was 68. " App. , to — at its height — 43 stores in. By Niraj Chokshi Sept. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. In 1989, Sirota filed a civil suit against Antar who was still in the US. A certified public accountant, he had. Antar (co-founders of the company) one of the largest securities frauds of its time. CustomerService@mncpa. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Testimony of Sam E. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. 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. 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. And interesting enough, Danny DeVito is set to direct a biopic about his life. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. James Gandolfini, Actor. In July 1984, Sam E. e. United States v. Sam later became the. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. Antar is serving his second sentenceSam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. 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. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. 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. The book not only documents Antar’s nefarious antics in lucid detail. Eddie Antar made more than $74. Crazy Eddie. The chain grew rapidly during the years when the VCR hit the market. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. Antar, was CFO of Crazy Eddie and was complicit in its fraud. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. Behold, The another logo over. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. A man’s face on 20Now 62, Antar ended up cooperating with the feds, which helped them convict Eddie Antar on multiple charges, sending him to prison for a seven-year stretch. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Antar's. published March 27, 2019. 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. Testimony of Sam E. 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. Ms. . The elder Antar cooked the. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. Antar, 75, of West End, New Jersey. 31 (30% off) Clothing. 0:52. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. This chapter discusses how, during the 1980s, Sam E. 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. Crazy Eddie may have died rich. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. A cause of death was not disclosed. Eddie Antar was 68. 3d 568 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. C. Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with a securities fraud and insider trading scheme at. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. The. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. Deborah Joyce Antar currently resides in New York, New York. 8 Crazy Eddie, Inc. Sam A. , to a federal prison term of 82 months followed by 2 years of supervised release. 8Crazy Eddie, Inc. Used 2021 Chevrolet Traverse LT Cloth SUV Summit White for sale - only $31,491. Eddie Antar, the founder of the electronics chain Crazy Eddie, which collapsed amid accusations of accounting fraud, has died at the age of 68. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969 to 1987. Px 44 at 1 n. Other attempts have. m. He was 68. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Y. American broadcaster (Coke Time with Eddie Fisher, Robbins Nest), dies at 72; Jun 24 Juris. 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. 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. who sided with their daughter-in-law. Eddie Antar was 68. The money involved was dwarfed by the Crazy Eddie saga, which bilked. In 1972, the “fair trade law” was removed and many consumers viewed Eddie as a “retail. 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. m. Eddie Womber Williams’ family recorded that Noongar names have a specific meaning. " It's a colorful story from the early days of home PC sales. Crazy Eddie, New York City consumer electronics chain that failed after founder Eddie Antar and others pleaded guilty to racketeering and conspiracy charges, returns as online entity based in. (3) 1984-1987: As a. My name is Sam E. Download. Eddie Antar, Sam E. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. 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. Updated Sep. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. By 1987,Antar's firm, Crazy Eddie , Inc. He. In 1965, Natalie married actor Robert Clary. Eddie Antar. Antar's uncle hid up to $3. 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. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Eddie Antar was born on 18 December 1947, in Brooklyn, New York City, New York, United States as the son of Sam Antar. Known as Eddie Antar, he became a pioneer. Antar died in 2016. 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. Crazy Eddie Innovator Eddie Antar Dead at 68. 10 at the age of 68. “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. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. Eddie began to price his products below the industry norm. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. In substance the allegations were that Crazy Eddie, a New York corporation founded by Eddie Antar and controlled by his family, first sold shares to the public in September 1984. Greg Berlanti, Sarah Schechter, Peter Steinfeld. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. (3) 1984-1987: As a public company. In 1969, Eddie Antar, a 21-year-old high school dropout from Brooklyn, opened a consumer electronics store with 150 square feet of floor space in New York City. 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. Employee Rating. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. 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. Brooklyn, New Jersey. Sam M. Entrepreneur Eddie Antar grew his chain of discount stores in the New York of the 1970s with unforgettably loud TV commercials, a. O. Facing multiple charges in connection with the fraud, Eddie fled the country and lived using assumed names and the millions he had stashed in foreign bank accounts in several countries. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. In a filing with. Eddie failed to build. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. Antar eventually pleaded guilty to. In a brief scuffle, Mr. Available on Prime Video, Tubi TV, Amazon Freevee. Kings Co. C. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. To survive in business, Eddie Antar resorted to circumventing fair trade by discounting merchandise to customers. J. . 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. Antar fled in 1990. Eddie was a family man, a ladies man, and a rich man. 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. 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. Mitchell Antar has resigned as executive vice president and chief operating officer of Crazy Eddie Inc. Photo: Jeff Zelevansky/Associated Press. Theodora Antar, who is suing some 325 judges, lawyers, entities and institutions, is in her second year of law at the University of Connecticut School of Law. Antar's minor children. com. E. Today, Eddie Antar's cousin Sam E. . Crazy Eddie's eventually went public and had a valuation of $600 million. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. 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. Eddie Antar now owned 2/3 of Sights and Sounds and his father Sam M. 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. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. This new half-hour series. She and her daughters paid $3. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. I committed my crimes, simply because I could. . Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Sam Antar was the government's key witness and informant on the Crazy Eddie fraud which spanned 18 years. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. The famous commercials were all produced in house and were not a creation of an outside. The Antar family criminal enterprise ranged from under-reporting income taxes in the 1970s. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. In Episode 124 of Fraud Talk, Gary. 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. 20 old farm road, oakhurst, NJ 07755250 e 63rd street 1012, new york, NY 10065265 e 66th st apt 25d, new york, NY 10065265 e 66th st apt 31a, new york, NY 10065265 e 66th st apt 38a, new york, NY 10065265 e 66th street. 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. Y. To meet analysts’ expectations, we conceived of a plan called the “Panama Pump”. He was convicted. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. In July 1984, Sam E. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. 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. Carroll's fast-talking, shout-at-you. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. S. Find a Grave Memorial ID: 169825229. ) On July 16, 1990, the SEC obtained a judgment for $73,496,432, plus interest, against Eddie Antar in the United States District Court for the District of New Jersey. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 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. 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. 0. Eddie Antar Daniel Hulshizer/Shutterstock. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. After gaining control, Mr. The authorities accused its namesake, Eddie Antar, of skimming cash — he had $32 million under an alias in a Swiss bank account at one point. (1995) - Free download as PDF File (. I am glad we were able to make our Truck purchase from Eddie Antar. This was viewed by the customers in a great way, resulting in a large loyalty from his customers. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. The notoriety of this case has continued into the 21st century. Antar, Vol. He was 68. Eddie skipped town and Sam, all alone, was forced to testify against his own family to avoid. . Antar, but also dismissed virtually all of Crazy Eddie's current management, including a number of Mr. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. Few things evoke the New York of a particular era the way "Crazy Eddie! His prices are insaaaaane!" does. 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. Sam E. 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. Because of his. opened its. 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. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Antar vanished from the United States after. 10. The notoriety of this case has continued into the 21st century. Hon. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. The last Crazy Eddie stores closed for good at the end of 1989. Eddie Antar was 68. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 143-145. 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. My salary is insufficient to meet. They built a modest tasting room to showcase their authentic and natural style of winemaking and has grown while still keeping to its traditional roots. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. 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. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. E. His family has not disclosed the cause of his death. But Eddie Antar aggressively courted the investment. Antar fled in 1990. Stiff and unable to bend. Y. TV-PG. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. 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. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. He died in 2016 at the age of 68. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The. For reprint and licensing requests for this article, click here. 524K subscribers 59K views 15 years ago Their prices were insane. By Niraj Chokshi Sept. Federal. Employee Rating. A cause of death. 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. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. He and members of his family were too busy engineering a $120 million rip-off. and found guilty of racketeering and stock fraud. Share full article. Antar died on Saturday, but a cause of death was not disclosed. $24. Antar, a former CPA and former CFO of a family-run business, Crazy Eddie, Inc. All groups and messages. Eddie Antar was 68. , which did not say where he died or give the cause. In a statement given by Sam E. 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. , a leading consumer electronics retailer in NY. By Alpha-burn. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. The term "crazy" came. Headquartered in Edison, it grew to 43 stores in four states. 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. C. 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. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. “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. “More than anything else, I miss the variety of New York,” said Eddie Antar, 58, of the Inwood section of Manhattan. 0:52.