The funeral home said it had no details on. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials. Behold, The another logo over. . In 1972, the “fair trade law” was removed and many consumers viewed Eddie as a “retail. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Whoa, he’s still got his Crazy Eddie. Source citation. The screenplay was written by Peter Steinfeld. By 1989 the company was bankrupt. Stiff and unable to bend. Sam Antar was the government's key witness and informant on the Crazy Eddie fraud which spanned 18 years. 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. Updated: 05/03/10 at 12:08 AM on Bottom of Post: Added Blog Reactions In an exclusive interview with Mike Fleming from Deadline New York, Producer and Director Danny DeVito whines about how. , and Eddie’s cousin Ronnie Gindi started with a single electronics retailer store in Brooklyn, NY 1969in , called ‘Sights and Sounds’, with each of owning a third of the company. 6 earthquake. Eddie's cousin Sam Antar, tells us how they did it and. Mr. Dec 4, 2017 6:43 PM EST. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Eddie Antar paid for Sam to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Antar realized $16,857,332, and other family members and associates realized lesser amounts. owned equal 1/3 shares of ERS Electronics. 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. published March 27, 2019. Y. He’s got two daughters “his little misses” and a son. E. Sam M. Crazy Eddie. Cofounder of the electronics retail chain Crazy Eddie, Inc. Antar’s death Saturday was confirmed Monday by the Bloomfield Cooper Jewish Chapels in Ocean Township, N. 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. Apr 05, 2021. business. Eddie Antar was a Brooklyn-born businessman who in 1971 started the electronic retail store, “Crazy Eddie. Testimony of Sam E. . UMASS Boston Eddie Antar Crazy Eddie. Eddie married first name Antar (born Rosen) . Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. . In 1981, Sam passed the CPA. C. ) 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. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Added: 25 Apr 1998. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. Share on Facebook. 524K subscribers 59K views 15 years ago Their prices were insane. . 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. Sam E. He was 68. Sol Goldman, largest individual real estate owner in NYC: Chrysler Building; Plaza Hotel, etc. Sam E. Johanna Frances Antar, American computer consultant. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. Eddie Antar was 68. "Crazy Eddie had been lying about its numbers since its inception — and the higher the stock soared the further founder Eddie Antar went to maintain the illusion. J. 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. The chain grew rapidly during the years when the VCR hit the market. Though both of her parents work, they cannot afford medical insurance for themselves or her. We’ll also look back at Crazy. The elder Mr. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Divorced Eddie in 1984 and, with her daughters, paid $3. C. Eddie fled to Israel using a fake passport and the alias David Jacob Levi Cohen, and purchased a townhouse in the city of Yavne. The. 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. There, the founder and chief executive of Crazy Eddie Inc. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail Gangster. In 1969, Eddie Antar, a 21-year-old high school dropout from Brooklyn, opened a con- sumer electronics store with 150 square feet of floor space in New York City. — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. The book not only documents Antar’s nefarious antics in lucid detail. 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. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. 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. He was 68. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. Eddie Antar was a bizarre combination of Old World and New World. I am glad we were able to make our Truck purchase from Eddie Antar. Eddie Antar, his father Sam M. The nephew of "Crazy Eddie," the New York retail legend who later went to prison on fraud charges, has himself been charged with allegedly committing fraud to feed a gambling habit. . 12, 2022, 6:22 a. 12, 2022, 6:22 a. 3d 568 Docket: 94-5228. Antar co-founded. Dan Hulshizer / AP. The S. Crazy Eddie was a consumer electronics empire built on hype. 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. Dealership Rating. By Alpha-burn. Zinn and Mr. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. Eddie Antar And Daughters Philanthropic Fund, Inc. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. , a leading consumer electronics retailer in NY. May 26, 2023 11:48 AM Crazy Eddie’s nephew settles $650K fraud case from prison cell Aaron Elstein Email Share Tweet Share New Jersey Department of Corrections Sam A. 952-831-2707 | 1-800-331-4288. The family business grew into a chain with. . In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Chertoff said. Antar on how the illegal schemes had been carried out. Sam Antar, 57, is a felon and former certified public accountant who helped perpetrate one of the largest securities frauds of the 1980s at Crazy Eddie, a chain of electronics stores based in New. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. Px 44 at 1 n. Gary Weiss, author of Retail Gangster: The Insane, Real-Life Story of Crazy Eddie, explains how a Kings Highway sales-tax hustle grew into an era-defining media blitz and nine-figure stock fraud before the whole thing collapsed. 1669 Henrietta Maria, French-born daughter of Henry IV of France and queen of Charles I of England (b. 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. Learn more about the CPE. Today, Carroll is considered to be one of the greatest spokespeople in advertising history. 5 million shares of his stock, Mr. 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. 12, 2022 Good morning. Crazy Eddie was a consumer electronics empire built on hype. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. Sam A. 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. 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. Prices, Dies At 68. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. In 1984, the. 1051. W. Ct. " App. J. Greg Berlanti, Sarah Schechter, Peter Steinfeld. 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. " App. OCEAN TOWNSHIP, N. Sam E. The original store was located at 1117 Kings Highway in Brooklyn, New York. Antar on how the illegal schemes had been carried out. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. In Episode 124 of Fraud Talk, Gary. Antar eventually pleaded guilty to. 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. In a filing with. (1995) - Free download as PDF File (. See full article at Den of Geek ». United States v. , to — at its height — 43 stores in. Behind the scenes and the screams, Eddie Antar never met a scam he didn't love and was a pathological liar. 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. ) Sam E. Owner of the famous Crazy Eddie chain of stores. Antar (co-founders of the company) one of the largest securities frauds of its time. Antar. Filed: 1995-04-12 Precedential Status: Precedential Citations: 53 F. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. United States of America v. Antar was an intelligent youth but found school boring, dropping out at. BROOKLYN-- He was known as Crazy Eddie. The nephew of "Crazy" Eddie Antar was charged with theft on Tuesday for allegedly stealing nearly $800,000 from investors in New Jersey and New York and using much of the money to gamble. Eddie Antar, 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. Antar, a former CPA and former CFO of a family-run business, Crazy Eddie, Inc. Sammy’s testimony, in part, helped investigators trace Eddie’s Israeli bank accounts and other ill-gotten gains. New York Post photo composite More On: cons If. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. 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. 10. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. In response to a motion by the SEC, the court on June 29, 1990 determined that “ (1) Eddie Antar made illegal profits of $52,519,548 from the sale of the stock of Crazy Eddie, Inc. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. The elder Antar cooked the. 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. Greg Berlanti, Sarah Schechter, Peter Steinfeld. Judge Ackerman began his opinion as follows: There is perhaps no more insidious drain on the. View More Reviews on. 1051. Photo: Jeff Zelevansky/Associated Press. A cause of death. 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. Masterminds. E. Crazy Eddie. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. 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. Three decades after it collapsed under the immense weight of a. Added: 12 Sep 2016. Crazy Eddie's eventually went public and had a valuation of $600 million. He died on 10 September 2016, in New Jersey, United. ) Sam E. ”. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. Antar, Vol. What they got, instead, was another Antar. 0. Jon Turteltaub will direct the biopic Insane about "Crazy" Eddie Antar, who did time on one of the greatest securities frauds in history, according to Deadline. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. 9 million to disgorge profits from Eddie's illegal stock sales. Had the auditors invested the time and expense to investigate Eddie before accepting him as a client, they perhaps would. 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. My salary is insufficient to meet. 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. The girl had been at the hospital since hours after the Feb. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. Kuzser refused, and the dispute began to fester. 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. “More than anything else, I miss the variety of New York,” said Eddie Antar, 58, of the Inwood section of Manhattan. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. Sam E. Download. Antar owned 1/3 of Sights and Sounds. Along with my cousin Eddie Antar, his father Sam M. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. Antar, the. Gonzalez, Jr. Serial fraudster Sam A. DEBORAH ROSEN ANTAR Eddie's first wife. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. 1051. App. Antar. Antar died on Saturday, but a cause of death was not disclosed. Antar expanded his business from a single Brooklyn store, founded in 1969, into the largest consumer electronics chain in. Eddie Antar Daniel Hulshizer/Shutterstock. In addition. No cause was given. 9 million to disgorge profits from Eddie’s illegal stock sales. 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. View More Reviews on. Eddie Antar. Antar (Eddie’s father), and Ronnie Gindi (a first cousin) in 1969. Birdman of Alcatraz. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. Eddie Antar was 68. 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. 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. Later. Antar, but also dismissed virtually all of Crazy Eddie's current management, including a number of Mr. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. Later extradited and. 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 younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. American Ambassadors. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. Eddie Antar, in 94-5230, 53 F. February 27, 1990 arrest warrant for Eddie Antar. The. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. 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. 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. This new half-hour series. Three years later, he was extradited back to the U. 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. J. Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. 9 million to disgorge profits from Eddie’s illegal stock sales. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. Dec 18, 1947 – Sep 10, 2016. Eddie and Allen Antar, and a third brother, Mitchell, were charged in August with stock fraud. Sam 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. By. Eddie Antar started young. , USDC NJ, Civil Action No. Crime Jul 15, 2003 23 min. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. " It's a colorful story from the early days of home PC sales. By Jackie Wattles. S. Jun 24 Eddie Antar, American CEO (Crazy Eddies), facing $74M stock fraud charges, caught in Israel;. According to the proposed amendment to the class action complaint in In re Crazy Eddie Sec. Apr 05, 2021. He became famous by cheating money from women he met through newspaper announcements, by. She and her daughters paid $3. The Antar family criminal enterprise ranged from under-reporting income taxes in the 1970s. In addition. . Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. , Inc. 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. opened its. 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. Debbie # 1 confronted Eddie walking to a stretch limousine with Debbie # 2 and a huge street fight erupted between them. S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. Eddie Antar was 68. Antar, 75, of West End, New Jersey. often pumped iron while haggling with vendors, occasionally rising from his weights to pour a round of drinks, tell a joke or consummate a deal. 3d 568, 3rd Cir. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. 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. United States of America v. By 1987,. The Bloomfield-Cooper funeral home in Ocean. The real Eddie, last name Antar, was born in 1947 to Sam M. My name is Sam E. 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. Mr. to electronics chain called "Crazy Eddie", that supposed to be great & epic, But Unfortunately, Eddie goes end up having terrible problems. 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. Dealership Rating. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. Antar, Vol. In 1989, Sirota filed a civil suit against Antar who was still in the US. 01. 5 million shares - at $14 a share. Family problems led to business problems for Eddie Antar (Courtesy of the Courtroom Sketches of Ida Libby Dengrove, University of Virginia Law Library) Sam M. Stiff Sentence. He took the electronics chain from one store in Brooklyn, N. Lives in Brooklyn. Back in the fall of 2016 we heard the news about the passing of Eddie Antar, "Crazy Eddie" as he was known to millions of people, the man behind the successful chain of electronic stores and one of the most iconic ad campaigns in history. Eddie Antar 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. A certified public accountant, he had. Family turmoil persisted and. In 1984, the chain went public. Sam A. Headquartered in Edison, it grew to 43 stores in four states. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. 89-3773, NHP] (LR-13509) CORRECTION A heading in the February 1 issue of the Digest inadvertently stated there was a. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. 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. Essay, Pages 8 (1852 words) Views. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Antar’s death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. On September 10, 2016, he died at the age of 68, reportedly having been battling liver cancer. Antar sold the bulk of his Crazy Eddie stock - 1. Headquartered in Edison, it grew to 43 stores in four states. 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. Employee Rating. 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. (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. Media - 9 Elul 5776 – September 12, 2016. Daphne Guinness [English] Peter Beard and Cheryl Tiegs, Supermodel, represented Peter Beard. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. Crazy Eddie. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. O. overstated its. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. 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. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. TV-PG. "Eddie Antar, Index No. . Palmieri not only ousted Mr. The term "crazy" came. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. Eddy Antar, Eddie Antar's uncle, was corporate treasurer.