Antar. 0:52. , to — at its height. Find a Grave Memorial ID: 168. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. The chain's growth was helped by the introduction of the VCR. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. He died on 10 September 2016, in New Jersey, United. After Antar fled. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Eddy Antar, Eddie Antar's uncle, was corporate treasurer. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. The family business grew into a chain with. But Eddie Antar aggressively courted the investment. Among his clients were Donald J. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. Antar vanished from the United States after. For reprint and licensing requests for this article, click here. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. Eddie had 3 siblings. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Chertoff said. Eddie was a family man, a ladies man, and a rich man. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Antar, Vol. Antar. In 1992, he was caught in Israel and, after a lengthy extradition. 1609) 1676 Gerrard Winstanley, English religious reformer (b. Antar, which is to continue next week, has bolstered the government’s contention that Eddie Antar, along with his brothers Mitchell and Allen, bilked stockholders of $80 million before the chain collapsed in the late 1980s. provided similar testimony for fiscal. S. The. View More Reviews on. Antar, 44 years old, was indicted for defrauding Crazy Eddie stockholders of $83 million and was the subject of a two-year international hunt. 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. Y. The. . 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. 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 elder Antar cooked the. Antar fled in 1990. Eddie Antar was 68. Antar knows a thing or two about corporate fraud. , U. 1051. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. A certified public accountant, he had. 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. In November 1986, Mr. 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 exposed, died. Charles C. $34. Carella, Esq. Ackerman ordered. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. In a filing with. S. Apr 05, 2021. 8Crazy Eddie, Inc. Antar fled in 1990. 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. And interesting enough, Danny DeVito is set to direct a biopic about his life. Crazy Eddie Innovator Eddie Antar Dead at 68. The family business grew into a chain with. Eddie failed to build. Eddie Antar made more than $74. A certified public accountant, he had. The Bloomfield-Cooper funeral home in Ocean. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades. United States of America v. A cause of death wasn't disclosed. Antar was an intelligent youth but found school boring, dropping out at. 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. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. 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. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. Directions. 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. Editor-in-chief, AccountingToday. Antar is the former businessman who cooked the books at Crazy Eddie. Antar. O. The Crazy Eddie brand was born when Eddie Antar opened an electronics store in Brooklyn in the 1970s and became known as “that crazy guy” who offered insanely low discounts. Antar. EDT 5 Min Read. Eddie Antar was sentenced last month to. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. 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. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. 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. Sam E. Insane will focus on Sam E. Antar, Vol. In 1984, the. Ms. “The kid is a degenerate gambler,” Sam. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. Eddie Antar, the mastermind behind New York’s infamous Crazy Eddie CE chain, died on Sept. Antar: “1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. September 12, 2016, 10:34 a. . United States of America v. E. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. 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. A cause of death was not disclosed. 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. The repatriation order again came up during the trial when Eddie's daughter 57. 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. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Dealership Rating. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. Crazy Eddie may have died rich. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. (the "Class Complaint"), Eddie Antar realized cash proceeds of $72,245,649, his father Sam M. Y. e. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. O. " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. Eddie Antar died in 2016. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. Much of the ill-gotten loot was placed. Edition of Sun-JournalThis is the story of a Brooklyn Italian family. He was 68. -- The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison. Dealership Rating. 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. 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. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. Palmieri not only ousted Mr. EDT 1 Min Read. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. The Bloomfield-Cooper. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Antar was the primary person that told me. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. C. 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. 3d 568 Docket: 94-5228. 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. " App. By The Associated Press. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. In 1965, Natalie married actor Robert Clary. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. In 1988, soon after the S. Licensed to: iChapters User CASE 1. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. Antar lives in Brooklyn. The Early Years. Eddie Antar, in 94-5230, 53 F. Mitchell Antar, in 94-5228. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. Eddie Antar, whose Crazy Eddie retail chain was once as much a part of the New York landscape as pizza slices and the ubiquitous yellow cab, has died. Eddie Antar, his father Sam M. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. Their prices were insane. 06755/88 (N. Antar's relatives. Gender: Male Religion: Jewish Race or . 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. 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. 0:00. NEW YORK (CBSNewYork)-- Eddie Antar, the man behind the now-defunct "Crazy Eddie" chain of stores, died Saturday at the age of 68. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. 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. published March 27, 2019. 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. Eddie's first ad aired in 1975, when New York was at a bit of a low point. 952-831-2707 | 1-800-331-4288. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). 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. Crazy Eddie was a consumer electronics empire built on hype. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. Available on Prime Video, Tubi TV, Amazon Freevee. Antar's minor nephews and nieces but does not include 300,000 shares held by Deborah Antar, former wife of Eddie Antar, as custodian for Mr. Antar 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. F. OCEAN TOWNSHIP, N. The book not only documents Antar’s nefarious antics in lucid detail. J. Today, Eddie Antar's cousin Sam E. Federal. In 1984, the chain went public. Antar's minor children. He took the electronics chain from one store in Brooklyn, N. 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. 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. 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. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Crazy Eddie became a known symbol for corporate fraud in its. About Eddie Antar. Jun 28 US President George H. June 29, 2012, 4:27 p. 5 million shares of his stock, Mr. Headquartered in Edison, it grew to 43 stores in four states. I am glad we were able to make our Truck purchase from Eddie Antar. 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 gaining control, Mr. The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. 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. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. Deborah Joyce Antar currently resides in New York, New York. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Apr 05, 2021. Crazy Eddie was a consumer electronics empire built on hype. 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. 12, 2022, 6:22 a. 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. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. Eddie was a millionaire, with roughly 53 million dollars in. Mr. 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. In Episode 124 of Fraud Talk, Gary. As I have shared with. Founded by father and son team Sam M. The Crazy Eddie, Inc. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. 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. He was 68. Sam A. Eddie Antar died in 2016. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. 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. OCEAN TOWNSHIP, N. All groups and messages. DEBORAH ROSEN ANTAR Eddie's first wife. The. Stiff and unable to bend. 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. S. Behold, The another logo over. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Antar, who helped mastermind the now-defunct consumer electronic business with his cousin, Eddie Antar and uncle, Sam M. 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. TV-PG. 1. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. 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. m. He was convicted. Antar, and was previously named ERS Electronics . Eddie Womber Williams’ family recorded that Noongar names have a specific meaning. With the help of his popular commercials – which aired for nearly 15 years and. 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 owns 11 percent and the Belzbergs the remainder. Subject of Burt Lancaster movie. 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. By 1989 the company was bankrupt. m. E. " App. Nearly 30 years after the fact, the. 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. Cofounder of the electronics retail chain Crazy Eddie, Inc. Crazy Eddie. 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. , helped mastermind with his cousin, Eddie Antar, and uncle, Sam M. Eddie Antar was a Brooklyn-born businessman who in 1971 started the electronic retail store, “Crazy Eddie. to electronics chain called "Crazy Eddie", that supposed to be great & epic, But Unfortunately, Eddie goes end up having terrible problems. In July 1984, Sam E. 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. A mother brings her daughter into the emergency room during an asthma attack. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. Eddie. 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. E. Eddie Antar and Sam M. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials. Maxene Andrews. The Complaint alleges that defendants engaged in activities directed by Eddie Antar as a result of which Crazy Eddie fraudulently . . In 1988, soon after the S. Apr 05, 2021. The rise and well-deserved fall of Eddie Antar is told in veteran financial journalist Gary Weiss’s Retail Gangster: The Insane Real-Life Story of Crazy Eddie, a rollicking chronicle of malignity, criminality, and family intrigue. Crazy Eddie’s fraudulent empire. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. By. ANTAR, MITCHELL ANTAR, ISAAC KAIREY, DAVID PANOFF, EDDIE GINDI, AND KATHLEEN MORIN, Civil Action No. The real Eddie, last name Antar, was born in 1947 to Sam M. As Crazy Eddie collapsed, newly uncovered documents show, Mr. , USDC NJ, Civil Action No. Eddie Antar now owned 2/3 of Sights and Sounds and his father Sam M. ) Sam E. Serial fraudster Sam A. United States of America v. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. 9 million to disgorge profits from Eddie's illegal stock sales. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. He died in 2016 at the age of 68. Later. View More Reviews on. , with his family at his side. Antar. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. J. The famous commercials were all produced in house and were not a creation of an outside. This chapter discusses how, during the 1980s, Sam E. By Peter Carbonara Sam Antar testified against his cousin, Crazy. Growing up poor he had dreams and aspirations of becoming a household name. Antar eventually pleaded guilty to. Y. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. 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. 3d 568, 3rd Cir. 0. 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. To meet analysts’ expectations, we conceived of a plan called the “Panama Pump”. Y. 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. The Bloomfield-Cooper funeral home in Ocean. Antar’s death on Saturday was. The father of five's cause of death has not been made public. Sam E. (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. The notoriety of this case has continued into the 21st century. Antar. " App. 10 at the age of 68. What they got, instead, was another Antar. Mr. Although Eddie. Hon. He was a true genius (“goen”). The Father’s an over the top, avid Yankee fan. 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. 524K subscribers 59K views 15 years ago Their prices were insane. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. (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. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Antar died in Ocean Township, New Jersey, home on Saturday. Mitchell Antar, in 94-5228. 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. S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. opened its. C. Antar died in Ocean Township, New Jersey, home on Saturday. 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. Eddie, Ronnie, and Sam M. And, as has frequently been the case in American business, it’s a story of fraud. C. Owner of the famous Crazy Eddie chain of stores. In 1989, Sirota filed a civil suit against Antar who was still in the US.