The Crazy Eddie name is not forgotten, let’s hope they re-open some of those magical stores someday! Our friend Dean lived in the New York area for a while and was a loyal Crazy Eddie customer. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. View More Reviews on. 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. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. Serial fraudster Sam A. Prices, Dies At 68. By Peter Carbonara Sam Antar testified against his cousin, Crazy. The Antar family criminal enterprise ranged from under-reporting income taxes in the 1970s. Today, Eddie Antar's cousin Sam E. said Mr. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials, a. Eddie Antar, his father Sam MAntar. She was discharged Saturday and her aunt and uncle. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. Available on Prime Video, Tubi TV, Amazon Freevee. Antar. 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. September 12, 2016, 10:34 a. He was 68. Share on Facebook. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. Dealership Rating. Eddie Antar, in 94-5230, 53 F. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. As I have shared with. American Ambassadors. . Eddie Antar now owned 2/3 of Sights and Sounds and his father Sam M. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. And interesting enough, Danny DeVito is set to direct a biopic about his life. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Sam M. Eddie Antar died in 2016. United States v. JNi. We’ll follow up on a story about the spotted lanternfly, an invasive pest the experts say you should kill. and the current entity status is Active. E. 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. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Lives in Brooklyn. , committing securities fraud by “going legit”. 15-Jul-1960. He has since admitted helping to mastermind one of the largest securities frauds of its time,. 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. "Crazy" Eddie Antar. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Antar. 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. Antar: “1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. " It's a colorful story from the early days of home PC sales. F. It also evokes the saga of the Syrian. J. Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with a securities fraud and insider trading scheme at. The Bloomfield-Cooper funeral home in Ocean. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. 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). 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. Testimony of Sam E. 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. 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. Mr. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. Eddie was a family man, a ladies man, and a rich man. Although Eddie Antar founded the company, Sam. The family business grew into a chain with. 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. 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. We’ll also look back at Crazy. 1. Crazy Eddie's eventually went public and had a valuation of $600 million. 22-Nov-1963. 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 Brooklyn. 8Crazy Eddie, Inc. She and her daughters paid $3. The original predecessor company to Crazy Eddie was ERS Electronics, which was founded by Eddie Antar, Sam M. Mr. 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. Directions. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. 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. Their prices were insane. Crazy Eddie became a known symbol for corporate fraud in its. 06755/88 (N. 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. The last Crazy Eddie stores closed for good at the end of 1989. The Crazy Eddie crime spree evolved in three phases: (1) 1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. He became famous by cheating money from women he met through newspaper announcements, by. The real story of Crazy Eddie is a familiar American story of wild success. 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. Testimony of Sam E. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. Deborah Joyce Antar currently resides in New York, New York. 0:52. Apr 05, 2021. I committed my crimes, simply because I could. , 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. Find a Grave Memorial ID: 168. . 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. 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. Antar, 75, of West End, New Jersey. JTA — Crazy Eddie was a consumer electronics empire built on hype. After Eddie fled the country, Sammy offered to testify for Federal prosecutors in exchange for immunity. "A. 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, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. Source citation. 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. J. In a statement given by Sam E. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. In 1988, soon after the S. 6 earthquake. Eddie Antar was sentenced last month to. Dec 18, 1947 – Sep 10, 2016. 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. 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. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. App. Antar, was CFO of Crazy Eddie and was complicit in its fraud. , USDC NJ, Civil Action No. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. 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. During the 1980s, I helped mastermind with my cousin Eddie Antar and Uncle Sam M. , U. Eddie, Ronnie, and Sam M. 1650 West 82nd Street, Suite 600, Bloomington, MN 55431. Eddie S Antar. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. 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. Jun 24 Eddie Antar, American CEO (Crazy Eddies), facing $74M stock fraud charges, caught in Israel;. Known as Eddie Antar, he became a pioneer. 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. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. 12, 2022 Good morning. Eddie's cousin Sam Antar, tells us how they did it and. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. and found guilty of racketeering and stock fraud. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. Antar sold the bulk of his Crazy Eddie stock - 1. New Jersey against Eddie Antar, Sam E. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Antar, who having started. 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. Mr. Eddie Antar was 68. In a deeply personal battle intertwined with her legal actions, Antar is currently involved in a custody dispute over her daughter. C. Crazy Eddie Antar. Masterminds tells real crime stories about amazing deceptions that brilliant criminals use to pull off seemingly impossible crimes. Federal. Few things evoke the New York of a particular era the way “Crazy Eddie!Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. 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 . Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. m. , to — at its height — 43 stores in. J. In other words, he turns the complicated and baffling into simple and understandable. What they got, instead, was another Antar. e. The chain grew rapidly during the years when the VCR hit the market. In November 1986, Mr. . W. Crazy Eddie. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. 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. ¶ 33(F). " App. 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. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Sam Antar was the government's key witness and informant on the Crazy Eddie fraud which spanned 18 years. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Employee Rating. Antar vanished from the United States after. He was 68. , USDC NJ, Civil Action No. In addition. But Eddie Antar aggressively courted the investment. UMASS Boston Eddie Antar Crazy Eddie. For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of Crazy Eddie radio and TV ads. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Employee Rating. A cause of death was not disclosed. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. Gender: Male Religion: Jewish Race or . Born Isidore Iskovitz on New York's Lower East Side to Russian-Jewish immigrant parents, young Izzie was orphaned early on, and was raised by his maternal. For reprint and licensing requests for this article, click here. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. Owner of the famous Crazy Eddie chain of stores. CASE 1. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. The father of five's cause of death has not been made public. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. BROOKLYN-- He was known as Crazy Eddie. When the Crazy Eddie chain was bought in 1987, the ruse was up and the SEC, FBI, US Postal Service and the Justice Department came crashing in. (Eddie spent several years in prison. Still, he knows what it is like to be on the run: He was. 9 million to disgorge profits from Eddie’s illegal stock sales. The screenplay was written by Peter Steinfeld. Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. ); Deborah Rosen Antar; Robert S. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. Brooklyn, New Jersey. Eddie Antar was a bizarre combination of Old World and New World. 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. Antar’s death on Saturday was. Jun 28 US President George H. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. OCEAN TOWNSHIP, N. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. 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 testimony of Sam E. United States of America v. In 1989, Sirota filed a civil suit against Antar who was still in the US. RIP," he wrote. 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. 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. 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. In 1984, the. Sam A. Hon. It is intended to be turned over to the S. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. Sam A. Sam E. Antar on how the illegal schemes had been carried out. ”. Crazy Eddie Innovator Eddie Antar Dead at 68. C. No cause was given. In 1972, the “fair trade law” was removed and many consumers viewed Eddie as a “retail. e. Katy Perry & Orlando Bloom’s Daughter Daisy Dove Makes Public Debut at Vegas. Antar is the former businessman who cooked the books at Crazy Eddie. He died on 10 September 2016, in New Jersey, United. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Headquartered in Edison, it grew to 43 stores in four states. OCEAN TOWNSHIP, N. Palmieri not only ousted Mr. Sam E. United States of America v. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. Maxene Andrews. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. Y. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. 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. Dealership Rating. Since that time, the SEC. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. Eddie Antar started young. C. Sup. 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. Eddie Antar started the chain in 1969 with a store in Brooklyn, New York. Antar's. Antar died in Ocean Township, New Jersey, home on Saturday. The Crazy Eddie, Inc. said. Antar, 44 years old, was indicted for defrauding Crazy Eddie stockholders of $83 million and was the subject of a two-year international hunt. The term "crazy" came. The elder Mr. Antar was an intelligent youth but found school boring, dropping out at. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. Crazy Eddie. . 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. As breathless sales pitches occasionally remind us, everything must go. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. A man’s face on 20 Now 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. " App. Nearly 30 years after the fact, the. Crazy Eddie was a consumer electronics empire built on hype. Download. Cofounder of the electronics retail chain Crazy Eddie, Inc. Eddie Antar started young. The notoriety of this case has continued into the 21st century. Antar realized $16,857,332, and other family members and associates realized lesser amounts. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. 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. 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. United States v. She was discharged Saturday and her aunt and uncle. Behold, The another logo over. Y. ) Sam E. C. I am glad we were able to make our Truck purchase from Eddie Antar. Sam 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. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. F. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. He was 68. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as 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 . He was extradited to the United States in early 1993 to stand trial. United States of America v. Crazy Eddie dominated the New York airwaves from the mid-seventies until bankruptcy in 1989. My salary is insufficient to meet. Crazy Eddie was a consumer electronics empire built on hype. 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. Member National Association Professional Organizations. 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. 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. Edition of Sun-JournalThis is the story of a Brooklyn Italian family. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. 13, 2016 6:16 pm ET. View More Reviews on. The bidders said that they already owned 14 percent of Crazy Eddie's 31. 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 elder Antar cooked the. He died in 2016 at the age of 68. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. 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. Although Eddie Antar founded the company, Sam. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. 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. Apr 05, 2021. O. Y. 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. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. 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. Its name was Crazy Eddie. Find a Grave Memorial ID: 169825229. Sam E. By 1987,. Eddie Antar was having an crimes such as. Greg Berlanti, Sarah Schechter, Peter Steinfeld. All groups and messages. Actor, Comedian, Dancer, Film Producer, Screenwriter, Composer, Author. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. New Yorkers know the company — which imploded when. 12, 2022, 6:22 a. Dec 4, 2017 6:43 PM EST. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. 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. 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. NEWARK, N. ) On July 16, 1990, the SEC obtained a judgment for $73,496,432, plus interest, against Eddie Antar in the United States District Court for the District of New Jersey.