9 million to disgorge profits from Eddie's illegal stock sales. 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. ‘Womber means ‘fire ablaze at night-time when it’s calm; the fire makes that noise, womber, womber. 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. Share on Facebook. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. The father of five's cause of death has not been made public. September 12, 2016, 10:34 a. provided similar testimony for fiscal. Masterminds tells real crime stories about amazing deceptions that brilliant criminals use to pull off seemingly impossible crimes. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. 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). 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. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. The chain's growth was helped by the introduction of the VCR. The notoriety of this case has continued into the 21st century. Highly recommend him to all shoppers. Mitchell Antar, in 94-5228. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. June 29, 2012, 4:27 p. 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. 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. United States of America v. New York Post photo composite More On: cons If. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Headquartered in Edison, it grew to 43 stores in four states. Editor-in-chief, AccountingToday. Apr 05, 2021. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. 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. Crazy Eddie. , U. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. Mr. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New. Eddie failed to build. Essay, Pages 8 (1852 words) Views. 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. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. All groups and messages. Eddie, Ronnie, and Sam M. . " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. He. . Three years later, he was extradited back to the U. With the help of his popular commercials – which aired for nearly 15 years and. United States of America v. Cofounder of the electronics retail chain Crazy Eddie, Inc. In 1971, Eddie Antar purchased Ronnie Gindi's share of ERS electronics for $25,000 in cash. It’s about family, business, ambition, money, and betrayal. Eddie Antar now owned 2/3 of Sights and Sounds and his father Sam M. The notoriety of this case has continued into the 21st century. United States. 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. 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. After gaining control, Mr. 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. 143-145. C. Litig. Eddie Antar was 68. 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. 1. They caught him in the act, and a street fight nearly erupted. United States of America v. Antar eventually pleaded guilty to. 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. Px 44 at 1 n. February 27, 1990 arrest warrant for Eddie Antar. He was 68. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. 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. Source citation. Podcast Duration: 56 min, 22 sec. The Antar family committed a laundry list of scams making it look like business was booming. All groups and messages. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. 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. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. Eddie Antar was 68. Antar realized $16,857,332, and other family members and associates realized lesser amounts. Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. 524K subscribers 59K views 15 years ago Their prices were insane. He used the hard-bargaining techniques of the Middle Eastern souks to undermine the staid, clubby realm of American retailing. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. 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). Ms. Dec 4, 2017 6:43 PM EST. Eddie Antar paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. 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. He became famous by cheating money from women he met through newspaper announcements, by. Crazy Eddie’s fraudulent empire. 01. In addition. 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. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. 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. Eddie Palmieri's ConjuntoBorn in 1947, Antar opened his first Crazy Eddie electronics store when he was in his early 20s, in Brooklyn, N. Media - 9 Elul 5776 – September 12, 2016. 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. 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. Mitchell Antar has resigned as executive vice president and chief operating officer of Crazy Eddie Inc. Because of his. Stiff and unable to bend. W. Much like Frank Abagnale Jr of Catch Me If You Can. 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. longs for the day when her 4-year-old daughter, Livia, can act like a. Antar. A certified public accountant, he had. About Eddie Antar. Behold, The another logo over. 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. By Niraj Chokshi Sept. Employee Rating. The father of five's cause of death has not been made public. The Crazy Eddie, Inc. Maintained by: Find a Grave. 2 (emphasis added). Sam A. Antar. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. 0:00. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. Member National Association Professional Organizations. By 1989 the company was bankrupt. Antar, the. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. 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. 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. overstated its. J. United States v. Charles Carella Obituary. Find a Grave Memorial ID: 169825229. , with his family at his side. In 1971, Eddie purchased his cousin’s share in the business for $25,000 and changed the name 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. J. " App. The notoriety of this case has continued into the 21st century. 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. Their prices were insane. Antar eventually sold out for a large profit, but stockholders lost huge amounts of money when Crazy Eddie filed for bankruptcy in 1989 and then went out of business. Antar's. In April, the court ordered Sam Antar to return $57. Eddie Antar paid for his cousin Sam E. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. said. Antar, 41 years old, and two other executives violated insider trading laws by selling more than $60 million of their private holdings in Crazy Eddie stock at a time when the. -- Eddie Antar, founder of the Crazy Eddie discount electronics store chain, his two brothers and a cousin were indicted Monday on charges of cooking the company's books and making a. Eddie Antar, his father Sam M. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. In a deeply personal battle intertwined with her legal actions, Antar is currently involved in a custody dispute over her daughter. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. In response to a motion by the SEC, the court on June 29, 1990 determined that "(1) Eddie Antar made illegal profits of $52,519,548 from the sale of the stock of Crazy Eddie, Inc. This book is worth your time, and Weiss should be saluted for his work. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. . (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. Today, Eddie Antar's cousin Sam E. He and members of his family were too busy engineering a $120 million rip-off. 12, 2022, 6:22 a. The rise and spectacular fall of the chain, and its CEO Eddie Antar is the subject of a the book Retail Gangster: The INSANE, Real-Life Story of CRAZY EDDIE by. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. . Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. I am glad we were able to make our Truck purchase from Eddie Antar. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. Antar. 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. published March 27, 2019. Eddie Antar, Sam E. Antar's relatives. 18, 1947, the grandson of Syrian Jewish immigrants. Natalie was the second Cantor daughter and truly the hardest one to find information on. . Cofounder of the electronics retail chain Crazy Eddie, Inc. Much of the ill-gotten loot was placed. Added: 25 Apr 1998. Find a Grave Memorial ID: 168. Licensed to: iChapters User CASE 1. 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. 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. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. S. 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. 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. m. (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. 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. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. Eddie Antar started the chain in 1969 with a store in Brooklyn, New York. Filed: 1995-04-12 Precedential Status: Precedential Citations: 53 F. Antar on how the illegal schemes had been carried out. The famous commercials were all produced in house and were not a creation of an outside. After Antar fled. Dealership Rating. It was unsuccessful to begin. His death was confirmed by the Bloomfield-Cooper Jewish Chapels in Ocean Township, N. I committed my crimes, simply because I could. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. 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. Mitchell Antar, in 94-5228. The real Eddie, last name Antar, was born in 1947 to Sam M. In June 1992, the law finally caught up with Eddie Antar, alias David Cohen. "Crazy" Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel on Jan. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. American broadcaster (Coke Time with Eddie Fisher, Robbins Nest), dies at 72; Jun 24 Juris. 11, 1993. A cause of death wasn't disclosed. 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. 0:52. S. Entrepreneur Eddie Antar grew his chain of discount stores in the New York of the 1970s with unforgettably loud TV commercials, a. m. Deborah Joyce Antar currently resides in New York, New York. 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. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. I am glad we were able to make our Truck purchase from Eddie Antar. He was 68. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. The Antar family criminal enterprise ranged from under-reporting income taxes in the 1970s. 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. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. Financial backing for the business will come largely from the family matriarch, Rose Antar, the 72-year-old mother of Eddie and Mitchell who, with her husband, Sam, 76, helped start the business. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,”. Eddie Antar. J. Mitchell Antar, in 94-5228. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. com. Gender: Male Religion: Jewish Race or . Soon after, Sam. Although Eddie Antar founded the company, Sam. By Peter Carbonara Sam Antar testified against his cousin, Crazy. He was 68. New York Post photo composite More On: cons If. CustomerService@mncpa. Sup. Updated Sep. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. 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. Y. Crazy Eddie Antar. C. Kuzser refused, and the dispute began to fester. It’s Friday. Crazy Eddie's eventually went public and had a valuation of $600 million. Growing up poor he had dreams and aspirations of becoming a household name. The bidders said that they already owned 14 percent of Crazy Eddie's 31. the another true-crime story called "The Eels of Electronics", Where it should based on Eddie and Sam M. A certified public accountant, he had. He’s got two daughters “his little misses” and a son. Eddie Antar was having an crimes such as. In 1981, Sam passed the CPA. Antar co-founded. and found guilty of racketeering and stock fraud. 06755/88 (N. Eddie was a family man, a ladies man, and a rich man. See the article in its original context from July 15, 1993, Section D. One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. EDT 5 Min Read. Since that time, the SEC. The real Eddie Antar didn’t have time for acting. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. E. The notoriety of this case has continued into the 21st century. Eddie Antar started young. Electronics kingpin "Crazy Eddie," left, died Saturday at the age of 68. I am a former CPA and former Chief Financial Officer of Crazy Eddie, Inc. Tuesday night to share the. Hon. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. BROOKLYN-- He was known as Crazy Eddie. 28-Jan-1890. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. 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. What they got, instead, was another Antar. Antar, 75, of West End, New Jersey. ANTAR, MITCHELL ANTAR, ISAAC KAIREY, DAVID PANOFF, EDDIE GINDI, AND KATHLEEN MORIN, Civil Action No. Provide details on what you need help with along with a budget and time limit. . Crime Jul 15, 2003 23 min. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. 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. The Bloomfield-Cooper funeral home in Ocean. On September 10, 2016, he died at the age of 68, reportedly having been battling liver cancer. . (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. owned equal 1/3 shares of ERS Electronics. Sam E. The funeral home said it had no details on. 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. Antar, 36, also spoke of how he grew up in Brooklyn a few blocks from the Antar brothers. Greg Berlanti, Sarah Schechter, Peter Steinfeld. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. As Crazy Eddie collapsed, newly uncovered documents show, Mr. Crazy Eddie became a known symbol for corporate fraud in its. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. By Niraj Chokshi Sept. I am glad we were able to make our Truck purchase from Eddie Antar. The family business grew into a chain with. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. 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. 3 million common shares outstanding. Eddie Antar, the Brooklyn-born man who created the chain of Crazy Eddie electronics stores only to watch it collapse when an underlying fraud was exposed, died on Saturday. Aug. By Peter Carbonara Sam Antar testified against his cousin, Crazy. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. EDT 1 Min Read. Antar's minor children. 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. , USDC NJ, Civil Action No. Antar was the primary person that told me. RIP," he wrote. Several of the employees of. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. has been operating for 36. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. 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. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. E. e. C. 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. " (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. July 15, 1993; Credit. DEBORAH ROSEN ANTAR, Eddie’s first wife, divorced Eddie in 1984. Antar vanished from the United States after. Sam E. Serial fraudster Sam A. Crazy Eddie may have died rich. "Crazy" Eddie Antar. 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. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. In 1984, the chain went public. Crazy Eddie. 0:52. New Jersey Department of Corrections. 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. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. Serial fraudster Sam A. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. Eddie Antar, his father Sam M. 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, a former accountant and criminal convicted for his role in perpetrating millions of dollars worth of tax and securities fraud, appeared at. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. He was convicted. m. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. Eddie married first name Antar (born Rosen) . (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. In addition. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. Along with my cousin Eddie Antar, his father Sam M. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. 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. Per their story: Antar opened his. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. 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. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. 10. He was 68. Dan Hulshizer / AP. , helped mastermind with his cousin, Eddie Antar, and uncle, Sam M. Eddie had 3 siblings. Deborah is 74 years old and was born in June 1949. This was viewed by the customers in a great way, resulting in a large loyalty from his customers. 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. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. ”. The girl had been at the hospital since hours after the Feb. E. Kings Co. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. Highly recommend him to all shoppers. In 1992, he was caught in Israel and, after a lengthy extradition.