Crazy Eddie. He built “Crazy Eddie’s” into a publicly traded $300 million company with many franchise locations. Antar died in Ocean Township, New Jersey, home on Saturday. 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 of Crazy Eddie,” written by veteran investigative journalist Gary Weiss. Eddie began to price his products below the industry norm. W. " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. . 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. overstated its. 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. 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. Shop Crazy Eddie clothing on Redbubble in confidence. Editor-in-chief, AccountingToday. Share on Facebook. 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. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. In other words, he turns the complicated and baffling into simple and understandable. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. 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. E. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. In 1992, he was caught in Israel and, after a lengthy extradition. Daphne Guinness [English] Peter Beard and Cheryl Tiegs, Supermodel, represented Peter Beard. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. 3 million common shares outstanding. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. Gonzalez, Jr. Antar said. Mr. What they got, instead, was another Antar. Antar. 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. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. 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. OCEAN TOWNSHIP, N. Editor's note: This article appeared in the June 5, 1989 issue of Crain's New York Business. Antar on how the illegal schemes had been carried out. Eddie married first name Antar (born Rosen) . Antar allegedly used about $974,000 in… The nephew of “Crazy Eddie,” the New York retail legend who later went to prison on fraud charges, has himself been charged with allegedly committing. Eddie Antar died in 2016. . Believe it or not, there really was a real life salesman named Crazy Eddie. Danielle Antar: Birthdate: estimated between 1952 and 2012 : Death: Immediate Family: Daughter of Eddie Antar and Private Sister of Private; Private; Private; Private and Private . EDT 1 Min Read. Eddie had 3 siblings. Y. J. 2 million. United States v. , founder of the Roseland-based law firm of Carella, Byrne, Cecchi, Olstein, Brody, and Agnello, P. , to — at its height — 43 stores in. Deborah Joyce Antar currently resides in New York, New York. 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's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. Photo: Jeff Zelevansky/Associated Press. Greg Berlanti, Sarah Schechter, Peter Steinfeld. Highly recommend him to all shoppers. opened its. At the age of 20 years old, Antar opened up his very first store, Crazy Eddie. Crazy Eddie Fraud Case. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Eddie Antar was a bizarre combination of Old World and New World. Eddie Antar, Sam E. Eddie Antar, the founder of the Crazy Eddie chain of electronics stores, was sentenced to a total of eight years in prison and fined $250,000 today for falsifying the chain's books and fleeing the. OCEAN TOWNSHIP, N. 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. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. 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. 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. JTA — Crazy Eddie was a consumer electronics empire built on hype. Eddie Antar was 68. He was extradited to the United States in early 1993 to stand trial. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. Antar fled in 1990. Sam E. His death was confirmed by the Bloomfield-Cooper Jewish Chapels in Ocean Township, N. Sol Goldman, largest individual real estate owner in NYC: Chrysler Building; Plaza Hotel, etc. Natalie was the second Cantor daughter and truly the hardest one to find information on. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. to electronics chain called "Crazy Eddie", that supposed to be great & epic, But Unfortunately, Eddie goes end up having terrible problems. The original store was located at 1117 Kings Highway in Brooklyn, New York. New Yorkers know the company — which imploded when. 06755/88 (N. As I have shared with. App. Updated Sep. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969. 8Crazy Eddie, Inc. OCEAN TOWNSHIP, N. Crazy Eddie was a consumer electronics empire built on hype. 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. e. Sam A. , which obtained a $73 million judgment against Mr. Eddie Antar, et a1. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. . The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. Y. Filed: 1995-04-12 Precedential Status: Precedential Citations: 53 F. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. In a brief scuffle, Mr. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. Used 2021 Chevrolet Traverse LT Cloth SUV Summit White for sale - only $31,491. NEWARK, N. 1. . Although Eddie. 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. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. 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. -- The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. C. Carella, Esq. American Ambassadors. Maintained by: Find a Grave. Headquartered in Edison, it grew to 43 stores in four states. He was a true genius (“goen”). The Bloomfield-Cooper funeral home in Ocean. Katy Perry & Orlando Bloom’s Daughter Daisy Dove Makes Public Debut at Vegas. He used the hard-bargaining techniques of the Middle Eastern souks to undermine the staid, clubby realm of American retailing. Lives in Brooklyn. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. The bidders said that they already owned 14 percent of Crazy Eddie's 31. Kuzser refused, and the dispute began to fester. 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 was 68. Antar, 59, the founder and former chief executive of the now-defunct Crazy Eddie chain of electronics stores, has never heard of Alexander. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. United States of America v. S. 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. Eddie Antar paid for his cousin Sam E. Stiff and unable to bend. The Early Years. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. He and members of his family were too busy engineering a $120 million rip-off. 1051. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. 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. J. My name is Sam E. Eddie Antar Daniel Hulshizer/Shutterstock. The film is being financed by eOne. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. He died in 2016 at the age of 68. The elder Mr. During his term as the company's chief executive. J. 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. (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. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). “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. , U. Eddie Antar was 68. Y. Antar was an intelligent youth but found school boring, dropping out at. said Mr. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. Though both of her parents work, they cannot afford medical insurance for themselves or her. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. He was 68. Per their story: Antar opened his. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. To survive in business, Eddie Antar resorted to circumventing fair trade by discounting merchandise to customers. In a filing with. He ducked into a store, left the money with the Syrian shopkeeper, and promptly forgot. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,” and his second wife, Rosie Tawil, the. 10 at the age of 68. Sam later became the. Eddie Antar paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. New Jersey Department of Corrections. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar's death to CNNMoney on Sunday. She is also a mother. Share full article. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. Several of the employees of. Antar was the primary person that told me. The notoriety of this case has continued into the 21st century. . In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. EDT 5 Min Read. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. (1995) - Free download as PDF File (. The Bloomfield-Cooper funeral home in Ocean. Eddie Antar. By 1987,. 89-3773, NHP] (LR-13509) CORRECTION A heading in the February 1 issue of the Digest inadvertently stated there was a. 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. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. E. 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. Mitchell Antar, in 94-5228. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. In 1981, Sam passed the CPA. 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. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. Although Eddie Antar founded the company, Sam. Eddie Antar and Sam M. 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. By Alpha-burn. 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. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. " (2) Includes (i) 2,088,330 shares owned by Eddie Antar directly, (ii) 240,000 shares held by Eddie Antar as custodian for the benefit of Eddie Antar's minor nephews and nieces and (iii) 300,000 shares held by Deborah Antar as custodian for Eddie Antar's minor children. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. m. We’ll follow up on a story about the spotted lanternfly, an invasive pest the experts say you should kill. . Podcast Duration: 56 min, 22 sec. Apr 05, 2021. For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of Crazy Eddie radio and TV ads. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,”. It’s about family, business, ambition, money, and betrayal. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. 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. Crazy Eddie was a consumer electronics empire built on hype. Y. Eddie Antar was 68. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. Eddie. 22-Nov-1963. Px 44 at 1 n. Known as Eddie Antar, he became a pioneer. His family has not disclosed the cause of his death. N EW YORK — Crazy Eddie was a consumer electronics empire built on hype. Eddie Antar, his father Sam M. Employee Rating. , USDC NJ, Civil Action No. CHAPTER 7 The Antar Complex: Eddie Antar There’s a scene in the movie Splash when the mermaid, played like a fish out of water by Darryl Hannah, wanders into Bloomingdale’s. 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, but also dismissed virtually all of Crazy Eddie's current management, including a number of Mr. Antar's. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. The term "crazy" came. 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. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. " App. Source citation. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. New York Post photo composite More On: cons If. About Eddie Antar. S. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. See the article in its original context from July 15, 1993, Section D. Antar eventually pleaded guilty to. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Greg Berlanti, Sarah Schechter, Peter Steinfeld. 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. 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. During the 1980s, I helped mastermind with my cousin Eddie Antar and Uncle Sam M. E. 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. United States of America v. 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. The complaint alleges, for example, that (1) Crazy Eddie founder Eddie Antar and other officers skimmed cash from store receipts prior to Crazy Eddie's initial public offering in September 1984 causing post-offering gross sales falsely to suggest extraordinary growth; (2) they later placed some of this skimmed cash into the cash registers of. Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. Later extradited and. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. 12, 2022, 6:22 a. and the current entity status is Active. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. Eddie married first name Antar (born Rosen) . Mr. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. Antar owns 11 percent and the Belzbergs the remainder. Crazy Eddie was a consumer electronics empire built on hype. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. 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. 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. Three years later, he was extradited back to the U. Nearly 30 years after the fact, the. 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. 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. 1051. This was viewed by the customers in a great way, resulting in a large loyalty from his customers. Michael Cohn. Sam E. Along with my cousin Eddie Antar, his father Sam M. Crazy Eddie Innovator Eddie Antar Dead at 68. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. 5 million shares - at $14 a share. Sam A. She was first married to a Joesph Lewis Metzger and had a son Michael on October 18, 1939. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Litig. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. The book not only documents Antar’s nefarious antics in lucid detail. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. 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. He was 68. . Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. Eddie was a family man, a ladies man, and a rich man. It also evokes the saga of the Syrian. Antar is the former businessman who cooked the books at Crazy Eddie. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. Antar, 75, of West End, New Jersey. Brooklyn, New Jersey. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Eddie Antar started the chain in 1969 with a store in Brooklyn, N. Divorced Eddie in 1984 and, with her daughters, paid $3. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. And, as has frequently been the case in American business, it’s a story of fraud. Sam Antar’s cousin 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. 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. 0:00. He was 68. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. 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. Among his clients were Donald J. The real story of Crazy Eddie is a familiar American story of wild success. Ct. Highly recommend him to all shoppers. Crazy Eddie was an electronics store that specialized in low prices and a party. 31 (30% off) Clothing. 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. “More than anything else, I miss the variety of New York,” said Eddie Antar, 58, of the Inwood section of Manhattan. Mr. 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. View More Reviews on. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. By Peter Carbonara Sam Antar testified against his cousin, Crazy. After gaining control, Mr. United States v. J. Eddie's cousin Sam Antar, tells us how they did it and. By 1989 the company was bankrupt. Dealership Rating. Hon. The famous commercials were all produced in house and were not a creation of an outside. Antar (co-founders of the company) one of the largest securities frauds of its time. Mr. 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. The S. Retail Gangster (Hachette Books, August 23, 2022), his fourth book, is an inside look at Eddie Antar---a marketing genius who turned a tiny Brooklyn store into the heart of a corporate empire, the largest retailer of consumer electronics in the northeast. NEW YORK (CBSNewYork)-- Eddie Antar, the man behind the now-defunct "Crazy Eddie" chain of stores, died Saturday at the age of 68. The real Eddie Antar didn’t have time for acting. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. MORE: 'Crazy Eddie' dead at 68. Eddie was a family man, a ladies man, and a rich man. By 1989 the company was bankrupt. By Peter Carbonara Sam Antar testified against his cousin, Crazy. February 27, 1990 arrest warrant for Eddie Antar. Chertoff said. Palmieri not only ousted Mr. , had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. (3) 1984-1987: As a. Antar, Vol. Director Jon Turteltaub, who we all know from Cool Runnings, While You Were Sleeping, National Treasure, and The Meg, has been hired to take on the task of directing the movie Insane, about the real life story of “Crazy” Eddie Antar, the Electronics King. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. 9 million to disgorge profits from Eddie’s illegal stock sales. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. Debbie # 1 confronted Eddie walking to a stretch limousine with Debbie # 2 and a huge street fight erupted between them. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. pdf) or read online for free. Eddie Antar, the mastermind behind New York’s infamous Crazy Eddie CE chain, died on Sept. A cause of death. 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, 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. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. provided similar testimony for fiscal. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. About The Instructor.