Used 2021 Chevrolet Traverse LT Cloth SUV Summit White for sale - only $31,491. Subscribe to FAQ NYC on Apple, Spotify, or pretty much everywhere podcasts are found. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. Whoa, he’s still got his Crazy Eddie. EDT 5 Min Read. The term "crazy" came. By Peter Carbonara Sam Antar testified against his cousin, Crazy. Sam A. C. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. 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. 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. S. Shop Crazy Eddie clothing on Redbubble in confidence. In Episode 124 of Fraud Talk, Gary. Behold, The another logo over. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Crazy Eddie was founded in 1969 by Eddie Antar and his father, Sam M. “More than anything else, I miss the variety of New York,” said Eddie Antar, 58, of the Inwood section of Manhattan. CustomerService@mncpa. He has since admitted helping to mastermind one of the largest securities frauds of its time,. Crazy Eddie Innovator Eddie Antar Dead at 68. The Crazy Eddie, Inc. 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 paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Three years later, he was extradited back to the U. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Licensed to: iChapters User CASE 1. 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. Learn more about the CPE. Eddie Antar, et a1. 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. Antar. Eddie Antar started the chain in 1969 with a store in Brooklyn, New York. Convicted fraudster Sam Antar, who acted as CFO for the electronics chain Crazy Eddie in the 1980s, told a group of accountants Friday that the potential for fraud has been growing worse in recent years, despite Sarbanes-Oxley. 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. UMASS Boston Eddie Antar Crazy Eddie. Sam A. 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 the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. EDT 1 Min Read. In other words, he turns the complicated and baffling into simple and understandable. Antar, 44 years old, was indicted for defrauding Crazy Eddie stockholders of $83 million and was the subject of a two-year international hunt. S. The Bloomfield-Cooper funeral home in Ocean. m. Lives in Brooklyn. Among his clients were Donald J. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. 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. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). m. The Bloomfield-Cooper funeral home in Ocean. Greg Berlanti, Sarah Schechter, Peter Steinfeld. NEWARK, N. 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. . T-shirts, hoodies, tops, dresses, skirts, hats, and more in a huge range of styles, colors, and sizes (XS - plus size). What they got, instead, was another Antar. In 1984, the chain went public. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Although Eddie Antar founded the company, Sam. Crazy Eddie Antar. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. 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. (3) 1984-1987: As a public company. Antar, 75, of West End, New Jersey. 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 Complaint alleges that defendants engaged in activities directed by Eddie Antar as a result of which Crazy Eddie fraudulently . “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Antar is the former businessman who cooked the books at Crazy Eddie. Testimony of Sam E. Cofounder of the electronics retail chain Crazy Eddie, Inc. 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 (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). By 1987,. 5 million shares of his stock, Mr. 18, 1947, the grandson of Syrian Jewish immigrants. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Wall Street swooned. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 10. By Peter Carbonara Sam Antar testified against his cousin, Crazy. But Eddie Antar aggressively courted the investment. The elder Mr. Dealership Rating. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Sam Antar was the government's key witness and informant on the Crazy Eddie fraud which spanned 18 years. The film is being financed by eOne. In 1984, the. Sam A. 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. Founded by father and son team Sam M. Greg Berlanti, Sarah Schechter, Peter Steinfeld. On one occasion, Murad was carrying thousands of dollars in cash and thought he was being followed. Sam E. 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 Antar Daniel Hulshizer/Shutterstock. In 1988, soon after the S. E. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. 1. Directions. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. Antar, the son of the Eddie’s brother’s Allen, pleaded guilty to a prior scam in 2013 where took money from an investor to buy electronics equipment, but instead spent the funds on gambling. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). RIP," he wrote. The last Crazy Eddie stores closed for good at the end of 1989. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. He was extradited to the United States in early 1993 to stand trial. 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. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Eddie Antar is alleged to have made $75 million during the short public life of 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. A cause of death was not disclosed. owned equal 1/3 shares of ERS Electronics. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. The repatriation order again came up during the trial when Eddie's daughter 57. 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. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. ”. "A. Antar. Added: 25 Apr 1998. Employee Rating. She was first married to a Joesph Lewis Metzger and had a son Michael on October 18, 1939. Antar vanished from the United States after. 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. 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. Its name was Crazy Eddie. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. 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. 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. ¶ 33(F). ' De-spite this modest beginning, Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. Birdman of Alcatraz. In other words, he turns the complicated and baffling into simple and understandable. Subject of Burt Lancaster movie. J. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. December 31, 1983: New Year’s Eve massacre Eddie Antar was a ladies man and was not faithful to his first wife Debbie Rosen Antar (known as Debbie # 1). View More Reviews on. As I have shared with. The testimony of Sam E. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. , a leading consumer electronics retailer in NY. The girl had been at the hospital since hours after the Feb. Michael was Eddie Cantor's first grandchild. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Dealership Rating. The chain grew rapidly during the years when the VCR hit the market. He previously broke the news of Eddie Antar's death in 2016 and later authored a first-person memoir of his experience there. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. Crazy Eddie. 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. Dan Hulshizer / AP. Entrepeneur. The Father’s an over the top, avid Yankee fan. The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. Antar, a former CPA and former CFO of a family-run business, Crazy Eddie, Inc. and found guilty of racketeering and stock fraud. Aug. JTA — Crazy Eddie was a consumer electronics empire built on hype. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. Employee Rating. New Yorkers know the company — which imploded when. Share on Facebook. Antar on how the illegal schemes had been carried out. 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. This book is worth your time, and Weiss should be saluted for his work. Divorced Eddie in 1984 and, with her daughters, paid $3. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. 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. 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. published March 27, 2019. United States of America v. Antar was an intelligent youth but found school boring, dropping out at. Since that time, the SEC. 31 (30% off) Clothing. Crazy Eddie's eventually went public and had a valuation of $600 million. Crazy Eddie Fraud Case. 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. A month later, the company announced its first-ever decline in same-store sales, an. The notoriety of this case has continued into the 21st century. Eddie Antar died in 2016. 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. The real Eddie Antar didn’t have time for acting. (1995) - Free download as PDF File (. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. In a brief scuffle, Mr. 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. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. (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. (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. 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). Apr 05, 2021. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. 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. 06755/88 (N. The girl had been at the hospital since hours after the Feb. The notoriety of this case has continued into the 21st century. 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 S. She is also a mother. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. The screenplay was written by Peter Steinfeld. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. Crime Jul 15, 2003 23 min. All groups and messages. 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. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. COURT ORDERS FORMER WIFE AND CHILDREN OF EDDIE ANTAR TO DISGORGE PROCEEDS OF INSIDER TRADING The U. 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. The. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. 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. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. Antar knows a thing or two about corporate fraud. 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. It’s about family, business, ambition, money, and betrayal. He was 68. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. Eddie Antar started young. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Eddie Antar was sentenced last month to. Eddie Antar made more than $74. Later. Source citation. The family business grew into a chain with. Owner of the famous Crazy Eddie chain of stores. The. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. Sept. , with his family at his side. The Bloomfield-Cooper. 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. Mitchell Antar, in 94-5228. 8 Crazy Eddie, Inc. Eddie began to price his products below the industry norm. Jon Turteltaub will direct the biopic Insane about "Crazy" Eddie Antar, who did time on one of the greatest securities frauds in history, according to Deadline. "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. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Sam E. Mitchell Antar has resigned as executive vice president and chief operating officer of Crazy Eddie Inc. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. . United States of America v. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Sam E. Eddie Antar, his father Sam MAntar. 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. Sam A. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. , helped mastermind with his cousin, Eddie Antar, and uncle, Sam M. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Mitchell Antar, in 94-5228. The footnote states: "(2) Includes (i) 2,088,330 shares owned by Eddie Antar directly and (ii) 240,000 shares held by Eddie Antar as custodian for the benefit of Mr. 1051. Mr. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. Eddie S Antar. Antar co-founded. 89-3773 (JCL) (D. I am glad we were able to make our Truck purchase from Eddie Antar. J. He was 68. Family problems led to business problems for Eddie Antar (Courtesy of the Courtroom Sketches of Ida Libby Dengrove, University of Virginia Law Library) Sam M. " App. 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. The elder Antar cooked the. The difference between a 4% increase in sales and the 10% increase in same store sales expected by Wall Street analysts was about $2. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. " App. Highly recommend him to all shoppers. Prices, Dies At 68. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Antar eventually pleaded guilty to. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. Antar, and was previously named ERS Electronics . 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. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. Crazy Eddie. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. The money involved was dwarfed by the Crazy Eddie saga, which bilked. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. Crazy Eddie became a known symbol for corporate fraud in its. 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. There, the founder and chief executive of Crazy Eddie Inc. 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. Eddie Antar, Sam E. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. Their prices were insane. 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. It also evokes the saga of the Syrian. 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. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. Source citation. Antar fled in 1990. 12, 2022, 6:22 a. ) Sam E. Crazy Eddie was a consumer electronics chain in the Northeastern United States. Antar realized $16,857,332, and other family members and associates realized lesser amounts. 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. Eddie had 3 siblings. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. Antar is the former businessman who cooked the books at Crazy Eddie. Bush's daughter Dorothy marries Bobby Koch; Jun 30 Actress Cecil Hoffman (Zoe-LA Law) marries Paul. Share full article. and the current entity status is Active. . Crazy Eddie's eventually went public and had a valuation of $600 million. United States of America v. Crazy Eddie may have died rich. Sup. 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. 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. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. 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. RIP," he wrote. Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison. 0:52. 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. 12, 2022 Good morning. His cousin, Sam E. Police officers lurked at every airport. 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. Eddie Womber Williams’ family recorded that Noongar names have a specific meaning. App. He died in 2016 at the age of 68. On one cold February night in 1977, Eddie Antar walked out of an Upper West Side discotheque called Hurrah's and was attacked by two men. Antar. He served as Chief Financial Officer of Crazy Eddie, the electronics retailer that became one of the symbols of white-collar crime in the 1980s. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Actor. Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with a securities fraud and insider trading scheme at. In 1992, he was caught in Israel and, after a lengthy extradition. Antar owned 1/3 of Sights and Sounds. 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. 9 million to disgorge profits from Eddie's illegal stock sales. 9 million to disgorge profits from Eddie’s illegal stock sales. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969 to 1987. By 1989 the company was bankrupt. 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. 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. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. (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. He was a true genius (“goen”). No cause was given. Headquartered in Edison, it grew to 43 stores in four states. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. The real Eddie, last name Antar, was born in 1947 to Sam M. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. m. In July 1984, Sam E. 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. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar's death to CNNMoney on Sunday. “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. Eddie married first name Antar (born Rosen) . After Antar fled. Three decades after it collapsed under the immense weight of a. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. Crazy Eddie was a consumer electronics empire built on hype. He built “Crazy Eddie’s” into a publicly traded $300 million company with many franchise locations. 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. 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. 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. Crazy Eddie. Carroll's fast-talking, shout-at-you. of 1. Because of his.