Download. the another true-crime story called "The Eels of Electronics", Where it should based on Eddie and Sam M. 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. 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 1984, Eddie Antar divorced his wife, and the Crazy Eddie family organization began to fracture. C. A cause of death wasn't disclosed. Eddie was a millionaire, with roughly 53 million dollars in. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. Cofounder of the electronics retail chain Crazy Eddie, Inc. Inside The Mind Of A Financial Criminal : Planet Money The family behind Crazy Eddie, the electronics store, ran a massive fraud for years. Eddie Antar, the founder of the electronics chain Crazy Eddie, which collapsed amid accusations of accounting fraud, has died at the age of 68. Eddie Antar died in 2016. Today, Eddie Antar's cousin Sam E. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. Eddie skipped town and Sam, all alone, was forced to testify against his own family to avoid. Growing up poor he had dreams and aspirations of becoming a household name. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. TV-PG. 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. American broadcaster (Coke Time with Eddie Fisher, Robbins Nest), dies at 72; Jun 24 Juris. . , committing securities fraud by “going legit”. Crazy Eddie. Antar's. Police officers lurked at every airport. 18, 1947, the grandson of Syrian Jewish immigrants. If it weren't for the efforts of the FBI, SEC, Postal Inspector's Office, US Attorney's Office, and class action plaintiff's lawyers. Eddie. Eddie Antar paid for his cousin Sam E. 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. Sammy pleaded guilty to three felonies. In 1989, Sirota filed a civil suit against Antar who was still in the US. Antar's uncle hid up to $3. Eddie Antar started the chain in 1969 with a store in Brooklyn, N. Owner of the famous Crazy Eddie chain of stores. He was 68. 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. Eddie, Ronnie, and Sam M. By Peter Carbonara Sam Antar testified against his cousin, Crazy. The elder Antar cooked the. Dan Hulshizer / AP. Y. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. Crazy Eddie was founded in 1969 by Eddie Antar and his father, Sam M. Carroll's fast-talking, shout-at-you. Antar was released from prison in 1999. m. 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. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. Highly recommend him to all shoppers. She and her daughters paid $3. EDT 1 Min Read. He was 68. App. Facing multiple charges in connection with the fraud, Eddie fled the country and lived using assumed names and the millions he had stashed in foreign bank accounts in several countries. In addition. Antar, and was previously named ERS Electronics . 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. The Complaint alleges that defendants engaged in activities directed by Eddie Antar as a result of which Crazy Eddie fraudulently . In a brief scuffle, Mr. ‘Womber means ‘fire ablaze at night-time when it’s calm; the fire makes that noise, womber, womber. Stiff and unable to bend. 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. " It's a colorful story from the early days of home PC sales. "A. Eddie's cousin Sam Antar, tells us how they did it and. . . 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. I am glad we were able to make our Truck purchase from Eddie Antar. View More Reviews on. The nephew of "Crazy Eddie," the New York retail legend who later went to prison on fraud charges, has himself been charged with allegedly committing fraud to feed a gambling habit. The 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. Sam later became the. Among his clients were Donald J. Eddie Antar started young. Sup. He ducked into a store, left the money with the Syrian shopkeeper, and promptly forgot. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. On this episode of Dirty Money, co-hosts Jon Small and Dan Bova speak with Gary Weiss,. W. By Jackie Wattles. 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. Antar, a close friend and cousin of Eddie Antar, joined the company and became its controller. Crazy Eddie was an electronics store that specialized in low prices and a party. February 27, 1990 arrest warrant for Eddie Antar. Mitchell Antar, in 94-5228. Crazy Eddie was a consumer electronics empire built on hype. Added: 12 Sep 2016. Sam M. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. 1051. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Directions. 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. 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. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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. (Eddie spent several years in prison. sent his daughter Ellen Kuszer and daughter-in-law Robin Antar (Mitchell Antar’s wife) to accompany Debbie # 1 to Manhattan and catch Eddie in the act of partying with his mistress. The screenplay was written by Peter Steinfeld. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then-United StatesThe massacre was a real bean-spiller, and it was followed by the testimony of Eddie’s first cousin (and partner and C. Employee Rating. S. S. July 15, 1993; Credit. 0. I committed my crimes, simply because I could. Eddie. My salary is insufficient to meet. The Early Years. He died in 2016 at the age of 68. In 1984, the. Antar knows a thing or two about corporate fraud. Prices, Dies At 68. As Crazy Eddie collapsed, newly uncovered documents show, 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. Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. A sketch showing the. As I have shared with. Editor-in-chief, AccountingToday. 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. Aug. This was viewed by the customers in a great way, resulting in a large loyalty from his customers. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. The man who turned the "Crazy Eddie" electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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. Zinn and Mr. Antar co-founded. OCEAN TOWNSHIP, N. Antar to see what he could tell me about his cousin Sam A. Y. 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. Eddie married first name Antar (born Rosen) . , to a federal prison term of 82 months followed by 2 years of supervised release. She and her daughters paid $3. 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. 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. ); Deborah Rosen Antar; Robert S. 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 death was confirmed on Monday by the Bloomfield Cooper Jewish Chapels. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. Apr 05, 2021. He was extradited to the United States in early 1993 to stand trial. They caught him in the act, and a street fight nearly erupted. 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. , Inc. 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. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. longs for the day when her 4-year-old daughter, Livia, can act like a. She was discharged Saturday and her aunt and uncle. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. 06755/88 (N. Eddie fled to Israel using a fake passport and the alias David Jacob Levi Cohen, and purchased a townhouse in the city of Yavne. Eddie Antar was 68. 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 lives in Brooklyn. ¶ 33(F). 143-145. Palmieri not only ousted Mr. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. The repatriation order again came up during the trial when Eddie's daughter 57. We’ll also look back at Crazy. 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. 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. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. , had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. Crazy Eddie's eventually went public and had a valuation of $600 million. 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. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials. June 29, 2012, 4:27 p. In 1971, Eddie Antar purchased Ronnie Gindi's share of ERS electronics for $25,000 in cash. S. E. 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. 5 million shares of his stock, Mr. The money involved was dwarfed by the Crazy Eddie saga, which bilked. The testimony of Sam E. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. He previously broke the news of Eddie Antar's death in 2016 and later authored a first-person memoir of his experience there. Antar, these sources said, is particularly fond of his daughter-in-law and the couple's daughters, who range in age from 8 to 14. United States of America v. The bidders said that they already owned 14 percent of Crazy Eddie's 31. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. Known as Eddie Antar, he became a pioneer. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. Antar was an intelligent youth but found school boring, dropping out at. 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. he helped us get a nice corolla for my daughter with no pressure and did his best to get us top dollar for an older trade, very much appreciated ! Thank you. The 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. Kuzser refused, and the dispute began to fester. This book is worth your time, and Weiss should be saluted for his work. This provided Eddie Antar, the owner of Crazy Eddie, the motivation to circumvent the law. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar's death to CNNMoney on Sunday. 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. 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. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,”. Crazy Eddie's eventually went public and had a valuation of $600 million. 1650 West 82nd Street, Suite 600, Bloomington, MN 55431. Crazy Eddie Antar. Eddie Antar served over 6 years in prison and Mitchell Antar served approximately 2 years. 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 . New York Post photo composite More On: cons If. The notoriety of this case has continued into the 21st century. Antar, 44 years old, was indicted for defrauding Crazy Eddie stockholders of $83 million and was the subject of a two-year international hunt. Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. Rosenbaum, President of R. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,” and his second wife, Rosie Tawil, the. Antar fled the country in 1990 and two years later was arrested in Israel. . The girl had been at the hospital since hours after the Feb. Added: 25 Apr 1998. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Electronics kingpin "Crazy Eddie," left, died Saturday at the age of 68. Employee Rating. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. In response to a motion by the SEC, the court on June 29, 1990 determined that "(1) Eddie Antar made illegal profits of $52,519,548 from the sale of the stock of Crazy Eddie, Inc. A cause of death was not disclosed. 2 million. 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. Crazy Eddie Antar was coined by US Attorney Michael. He was 68. Nearly 30 years after the fact, the. United States v. Subject of Burt Lancaster movie. 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”Eddie Antar, the electronics retail giant known as "Crazy Eddie" in his infamous commercials, has died at age 68. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. The Bloomfield-Cooper. 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. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. The. C. "Crazy" Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel on Jan. 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. 0:00. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. "Eddie Antar, Index No. 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. About The Instructor. Eddie S Antar. Whoa, he’s still got his Crazy Eddie. Antar lives in Brooklyn. 89-3773, NHP] (LR-13509) CORRECTION A heading in the February 1 issue of the Digest inadvertently stated there was a. F. Eddie Antar started the chain in 1969 with a store in Brooklyn, New York. 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. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. For reprint and licensing requests for this article, click here. (the "Class Complaint"), Eddie Antar realized cash proceeds of $72,245,649, his father Sam M. (3) 1984-1987: As 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. What they got, instead, was another Antar. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. Y. (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. Gender: Male Religion: Jewish Race or . Antar's. 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. , and former employees Eddie Gindi and Kathleen Morin participated in a massive financial fraud by which Crazy Eddie materially overstated. 10 at the age of 68. Antar, who helped mastermind the now-defunct consumer electronic business with his cousin, Eddie Antar and uncle, Sam M. The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. JNi. 1051. 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. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. He was 68. “More than anything else, I miss the variety of New York,” said Eddie Antar, 58, of the Inwood section of Manhattan. The original store was located at 1117 Kings Highway in Brooklyn, New York. The real story of Crazy Eddie is a familiar American story of wild success. 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. Antar (co-founders of the company) one of the largest securities frauds of its time. 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. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. But Eddie Antar aggressively courted the investment. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then-United StatesThe massacre was a real bean-spiller, and it was followed by the testimony of Eddie’s first cousin (and partner and C. 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. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. Antar. The elder Antar cooked the. 1051. Crazy Eddie became a known symbol for corporate fraud in its. Mr. Hon. As the criminal CFO of Crazy Eddie, I helped Eddie Antar and other members of his family mastermind one of the largest securities frauds uncovered during the 1980's. CASE 1. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades. Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. 524K subscribers 59K views 15 years ago Their prices were insane. When the Crazy Eddie electronics store chain collapsed in 1987, its founder, Eddie Antar, and three other principals -- all family members -- were accused of swindling millions in investors' money in one of the largest stock fraud cases ever brought by the Securities and Exchange Commission. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. Actor. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. Source citation. 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. Eddie Antar, his father Sam M. 0:52. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. American Ambassadors. Antar, 59, the founder and former chief executive of the now-defunct Crazy Eddie chain of electronics stores, has never heard of Alexander. Gonzalez, Jr. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. Sam A. Testimony of Sam E. Employee Rating. In 1992, he was caught in Israel and, after a lengthy extradition. Divorced Eddie in 1984 and, with her daughters, paid $3. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. 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. The notoriety of this case has continued into the 21st century. , a leading consumer electronics retailer in NY. Antar died in Ocean Township, New Jersey, home on Saturday. Sam A. The commercials were parodied in the movie “Splash. Eddie Antar, et a1. By Niraj Chokshi Sept. Y. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. Photo: Jeff Zelevansky/Associated Press. The real Eddie, last name Antar, was born in 1947 to Sam M. Antar was an intelligent youth but found school boring, dropping out at. Antar, these sources said, is particularly fond of his daughter-in-law and the couple's daughters, who range in age from 8 to 14. 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. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Sam E. He had a mistress. Few things evoke the New York of a particular era the way "Crazy Eddie! His prices are insaaaaane!" does. By Peter Carbonara Sam Antar testified against his cousin, Crazy. Much of the ill-gotten loot was placed. 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. Sept. C. Eddie Antar is alleged to have made $75 million during the short public life of Crazy Eddie. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. Believe it or not, there really was a real life salesman named Crazy Eddie. Dealership Rating. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). Dealership Rating. OCEAN TOWNSHIP, N. Antar. Eddie Cantor. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. 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. OCEAN TOWNSHIP, N. 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. Between that time and November 1987, although not in all cases throughout that period, the individual defendants were its directors or officers. . Px 44 at 1 n. 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. " (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.