Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. C. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. I am glad we were able to make our Truck purchase from Eddie Antar. Mr. His cousin, Sam E. longs for the day when her 4-year-old daughter, Livia, can act like a. In April, the court ordered Sam Antar to return $57. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. 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. I am glad we were able to make our Truck purchase from Eddie Antar. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. By Peter Carbonara Sam Antar testified against his cousin, Crazy. , and former employees Eddie Gindi and Kathleen Morin. In 1981, Sam passed the CPA. Employee Rating. 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. Eddie Antar started young. owned equal 1/3 shares of ERS Electronics. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Eddie fled to Israel using a fake passport and the alias David Jacob Levi Cohen, and purchased a townhouse in the city of Yavne. Antar, a former accountant and criminal convicted for his role in perpetrating millions of dollars worth of tax and securities fraud, appeared at. Stiff and unable to bend. 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. S. 143-145. Eddie Antar was 68. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. e. Eddie Antar, in 94-5230, 53 F. Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. 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. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. Antar eventually pleaded guilty to. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. 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. Lives in Brooklyn. Eddie Antar started the chain in 1969 with a store in Brooklyn, N. 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. Crazy Eddie was a consumer electronics chain in the Northeastern United States. 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. This chapter discusses how, during the 1980s, Sam E. This book is worth your time, and Weiss should be saluted for his work. "Eddie Antar, Index No. Eddie married first name Antar (born Rosen) . The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. Eddie and Allen Antar, and a third brother, Mitchell, were charged in August with stock fraud. 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. Crazy Eddie. The marriage ended in divorce. He. 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. My name is Sam E. sent his daughter Ellen Kuszer and daughter-in-law Robin Antar (Mitchell Antar’s wife) to accompany Debbie # 1 to Manhattan and catch Eddie in the act of partying with his mistress. RIP," he wrote. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. F. By Niraj Chokshi Sept. Behind the scenes and the screams, Eddie Antar never met a scam he didn't love and was a pathological liar. He built “Crazy Eddie’s” into a publicly traded $300 million company with many franchise locations. Eddie Antar, et a1. C. February 27, 1990 arrest warrant for Eddie Antar. , committing securities fraud by “going legit”. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. Eddie Antar, the founder of the Crazy Eddie electronics retail chain known for its hugely popular TV commercials in the 1970s and 1980s, and later brought down by a massive fraud scheme, died Saturday at the age of 68. Ms. The elder Antar cooked the. 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. 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 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. The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. 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. Eddie Antar paid for his cousin Sam E. 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. 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. I am a former CPA and former Chief Financial Officer of Crazy Eddie, Inc. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. Along with my cousin Eddie Antar, his father Sam M. He was 68. Updated: 05/03/10 at 12:08 AM on Bottom of Post: Added Blog Reactions In an exclusive interview with Mike Fleming from Deadline New York, Producer and Director Danny DeVito whines about how. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. She and her daughters paid $3. Apr 05, 2021. View More Reviews on. 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. business. And, as has frequently been the case in American business, it’s a story of fraud. The real Eddie Antar didn’t have time for acting. Antar was an intelligent youth but found school boring, dropping out at. All groups and messages. 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. 31 (30% off) Clothing. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. 15-Jul-1960. He was a true genius (“goen”). COURT ORDERS FORMER WIFE AND CHILDREN OF EDDIE ANTAR TO DISGORGE PROCEEDS OF INSIDER TRADING The U. Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with a securities fraud and insider trading scheme at. Growing up poor he had dreams and aspirations of becoming a household name. But Eddie Antar aggressively courted the investment. Eddie Antar, his father Sam MAntar. , which obtained a $73 million judgment against Mr. After gaining control, Mr. Deborah is 74 years old and was born in June 1949. In a statement given by Sam E. Ackerman ordered. At the age of 20 years old, Antar opened up his very first store, Crazy Eddie. By Alpha-burn. Gonzalez, Jr. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. 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. Eddie Antar was a bizarre combination of Old World and New World. Their prices were insane. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Three years later, he was extradited back to the U. Sept. As anyone who has been exposed to the news this past week can tell you, Eddie Antar, a/k/a Crazy Eddie, passed away on September 10, 2016. The real Eddie, last name Antar, was born in 1947 to Sam M. By Peter Carbonara Sam Antar testified against his cousin, Crazy. The man who turned the "Crazy Eddie" electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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. Eddie. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. 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. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. Dec 18, 1947 – Sep 10, 2016. Crazy Eddie was a consumer electronics empire built on hype. For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of Crazy Eddie radio and TV ads. Few things evoke the New York of a particular era the way "Crazy Eddie! His prices are insaaaaane!" does. Antar’s death on Saturday was. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. 6 earthquake. Eddie Antar was 68. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Editor's note: This article appeared in the June 5, 1989 issue of Crain's New York Business. Eddie Antar started young. Jun 28 US President George H. Johanna Frances Antar, American computer consultant. To meet analysts’ expectations, we conceived of a plan called the “Panama Pump”. He’s got two daughters “his little misses” and a son. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. EDT 1 Min Read. On one occasion, Murad was carrying thousands of dollars in cash and thought he was being followed. Eddie Antar, the founder of the electronics chain Crazy Eddie, which collapsed amid accusations of accounting fraud, has died at the age of 68. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. 0:52. Media - 9 Elul 5776 – September 12, 2016. Sam E. 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. New York Post photo composite More On: cons If. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Antar expanded his business from a single Brooklyn store, founded in 1969, into the largest consumer electronics chain in. Entrepeneur. I am glad we were able to make our Truck purchase from Eddie Antar. Photo: Jeff Zelevansky/Associated Press. Crime Jul 15, 2003 23 min. He died in 2016 at the age of 68. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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. 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. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969. 10. BROOKLYN-- He was known as Crazy Eddie. UMASS Boston Eddie Antar Crazy Eddie. Antar. Later extradited and. By 1987,Antar's firm, Crazy Eddie , Inc. 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. Antar (co-founders of the company) one of the largest securities frauds of its time. 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. Antar was chief financial officer of Crazy Eddie, a New York electronics retailer that in the 1970s and 1980s claimed “our prices are inSANE” as it bilked investors out of hundreds of millions of dollars. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. For 13 years Eddie Antar wheeled and dealt out of an office in his Brooklyn headquarters that sported a bar, leather couch and a gym. . Eddie was a millionaire, with roughly 53 million dollars in. C. Editor-in-chief, AccountingToday. NEW YORK (CBSNewYork)-- Eddie Antar, the man behind the now-defunct "Crazy Eddie" chain of stores, died Saturday at the age of 68. Antar, who helped mastermind the now-defunct consumer electronic business with his cousin, Eddie Antar and uncle, Sam M. 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. After Antar fled. Ms. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar's death to CNNMoney on Sunday. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. JNi. Insane will focus on Sam E. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. In Episode 124 of Fraud Talk, Gary. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 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. Nearly 30 years after the fact, the. Antar, Vol. 1609) 1676 Gerrard Winstanley, English religious reformer (b. Eddie Antar, et a1. 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. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Apr 05, 2021. Eddie Antar was born on 18 December 1947, in Brooklyn, New York City, New York, United States as the son of Sam Antar. At its height, Crazy Eddie had 43 stores in four North Eastern states. Eddie Antar, Retailer and Felon Who Created Crazy Eddie, Dies at 68. — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Angela, the bank employee, approaches Justin, the bank manager and says: “My daughter is seekingtreatment for heart disease and I don’t have a health insurance policy. BROOKLYN-- He was known as Crazy Eddie. JTA — Crazy Eddie was a consumer electronics empire built on hype. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. He was convicted. His cousin Eddie Antar, the company’s CEO, fled to Israel in 1990. , USDC NJ, Civil Action No. Rider University. 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. ); Deborah Rosen Antar; Robert S. Y. overstated its. CustomerService@mncpa. The elder Antar cooked the. NEW YORK — Eddie Antar, the Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died Saturday. 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. . One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. He was 68. Antar co-founded. Antar, Mitchell Antar, Isaac Kairey, David Panoff, Eddie Gindi and Kathleen Morin, USDC for the District of New Jersey, Newark Division, Civil Action No. "Crazy" Eddie Antar. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. . Apr 05, 2021. The Crazy Eddie, Inc. Podcast Duration: 56 min, 22 sec. Updated Sep. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. (1995) - Free download as PDF File (. A cause of death. Sam E. Eddie Antar, Sam E. The bidders said that they already owned 14 percent of Crazy Eddie's 31. New Yorkers know the company — which imploded when. . Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. Headquartered in Edison, it grew to 43 stores in four states. United States. provided similar testimony for fiscal. His family has not disclosed the cause of his death. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. 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. Testimony of Sam E. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. E. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. Charles Carella Obituary. Gender: Male Religion: Jewish Race or . S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. Apr 05, 2021. 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. 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. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. . All groups and messages. . American broadcaster (Coke Time with Eddie Fisher, Robbins Nest), dies at 72; Jun 24 Juris. 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. Three decades after it collapsed under the immense weight of a. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. Available on Prime Video, Tubi TV, Amazon Freevee. Greg Berlanti, Sarah Schechter, Peter Steinfeld. Antar, the. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Antar: “1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. “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. For reprint and licensing requests for this article, click here. Per their story: Antar opened his. T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). Sam E. Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. Post a Question. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. Actor, Comedian, Dancer, Film Producer, Screenwriter, Composer, Author. She and her daughters paid $3. 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, the Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died on Saturday. , 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 S Antar. Share on Facebook. Eddie Antar made more than $74. 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. ) Sam E. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. S. 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. Antar on how the illegal schemes had been carried out. Crazy Eddie Innovator Eddie Antar Dead at 68. Eddie Antar, in 94-5230, 53 F. 12, 2022 Good morning. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). Antar realized $16,857,332, and other family members and associates realized lesser amounts. 1051. Dealership Rating. 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. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. I am glad we were able to make our Truck purchase from Eddie Antar. July 15, 1993; Credit. Eddie Antar, the mastermind behind New York’s infamous Crazy Eddie CE chain, died on Sept. Known as Eddie Antar, he became a pioneer. Eddie Antar was 68. By Peter Carbonara Sam Antar testified against his cousin, Crazy. Essay, Pages 8 (1852 words) Views. O. As Crazy Eddie collapsed, newly uncovered documents show, Mr. In July 1984, Sam E. Dealership Rating. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. The commercials were parodied in the movie “Splash. 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. The elder Mr. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. published March 27, 2019. About The Instructor. (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. The S. 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. 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. 22-Nov-1963. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Antar, was CFO of Crazy Eddie and was complicit in its fraud. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. In 1971, Eddie Antar purchased Ronnie Gindi's share of ERS electronics for $25,000 in cash. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. Sammy’s testimony, in part, helped investigators trace Eddie’s Israeli bank accounts and other ill-gotten gains. All groups and messages. Eddie Antar Daniel Hulshizer/Shutterstock. Wall Street swooned. . 8Crazy Eddie, Inc. 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. Crazy Eddie's eventually went public and had a valuation of $600 million. Sam later became the. Deborah Joyce Antar currently resides in New York, New York. This new half-hour series. Antar's relatives. 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. Judge Ackerman began his opinion as follows: There is perhaps no more insidious drain on the. 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. 1. Eddie Palmieri's ConjuntoBorn in 1947, Antar opened his first Crazy Eddie electronics store when he was in his early 20s, in Brooklyn, N. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. 12, 2022, 6:22 a. 18, 1947, the grandson of Syrian Jewish immigrants. Member National Association Professional Organizations. By The Associated Press. S. Crazy Eddie was a consumer electronics empire built on hype. Along with my cousin Eddie Antar, his father Sam M. At a time when most electronics stores were small (“kleyn”) storefronts, Antar created electronics SUPERSTORES that sold the new gadgets consumers were clamoring for in the 1970s and 1980s. 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. Eddie was a family man, a ladies man, and a rich man. Today, Eddie Antar's cousin Sam E. 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 . Stiff Sentence. Since that time, the SEC. He used the hard-bargaining techniques of the Middle Eastern souks to undermine the staid, clubby realm of American retailing. Px 44 at 1 n. Divorced Eddie in 1984 and, with her daughters, paid $3. Litig. , committing securities fraud by “going legit”. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. 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.