Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Through a combination of fraud, chutzpah and an irritating, decade-long TV pitch, Antar turned a. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. I am glad we were able to make our Truck purchase from Eddie Antar. Three years later, he was extradited back to the U. J. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. What they got, instead, was another Antar. James Gandolfini, Actor. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. . — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Growing up poor he had dreams and aspirations of becoming a household name. " App. J. Subject of Burt Lancaster movie. As Crazy Eddie collapsed, newly uncovered documents show, Mr. O. Michael Cohn. 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. F. 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. By Alpha-burn. Antar was an intelligent youth but found school boring, dropping out at. Around 1972, WCBS-FM account representative Norm Golden talked Eddie Antar into buying radio advertising for $5 a spot. Believe it or not, there really was a real life salesman named Crazy Eddie. The real Eddie Antar didn’t have time for acting. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. Eddie Antar, Who Started The Crazy Eddie Chain With 'Insane!'. published March 27, 2019. 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. Sam E. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Fled to Israel in February 1990 to avoid prosecution with $53 million in Swiss bank accounts. 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. Still, he knows what it is like to be on the run: He was. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Share full article. It also evokes the saga of the Syrian. Eddie Antar, who hired a radio disc jockey to portray him in the iconic TV. 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. United States. Antar, 44 years old, was indicted for defrauding Crazy Eddie stockholders of $83 million and was the subject of a two-year international hunt. On September 10, 2016, he died at the age of 68, reportedly having been battling liver cancer. Y. 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. But Eddie Antar aggressively courted the investment. 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, 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 1987,. 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. I am a former CPA and former Chief Financial Officer of Crazy Eddie, Inc. 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. . Mr. , 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. 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. Sam later became the. — Herb Greenberg (@herbgreenberg) September 10, 2016 "Love him/hate him, he was an original. Whether you wear women's clothing or men's clothing you’ll find the original artwork that’s perfect for you. 9 million to disgorge profits from Eddie’s illegal stock sales. CASE 1. 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. 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. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. The New York Times Archives. Edition of Sun-JournalThis is the story of a Brooklyn Italian family. And, as has frequently been the case in American business, it’s a story of fraud. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Serial fraudster Sam A. She is also a mother. NEWARK, N. I am glad we were able to make our Truck purchase from Eddie Antar. 3d 568 — Brought to you by Free Law Project, a non-profit dedicated to creating high quality open legal information. 952-831-2707 | 1-800-331-4288. 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. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. In Episode 124 of Fraud Talk, Gary. She was discharged Saturday and her aunt and uncle. In 1988, soon after the S. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. Behind the scenes and the screams, Eddie Antar never met a scam he didn't love and was a pathological liar. And so it is: Eddie Antar, the Eddie from the Crazy Eddie's chain of electronics stores, has died. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Cofounder of the electronics retail chain Crazy Eddie, Inc. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail. United States of America v. 0. Between that time and November 1987, although not in all cases throughout that period, the individual defendants were its directors or officers. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. Antar's minor children. She and her daughters paid $3. . Photo: Jeff Zelevansky/Associated Press. Antar to learn accounting so he could eventually work at the growing company’s small auditing firm, Penn and Horowitz. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. "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. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. Eddie Antar, the Brooklyn-born business executive who helped turn the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges, died Sept. 10. Eddie Antar was 68. Headquartered in Edison, it grew to 43 stores in four states. Antar, who having started. Antar's uncle hid up to $3. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades after their business ende. Eddie Antar, et a1. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. During the 1980’s Sam E Antar was the Chief Financial Officer of Crazy Eddie. He had a mistress. Antar fled in 1990. Maxene Andrews. "Eddie Antar, Index No. JNi. Sup. 89-3773 (NHP)] (LR-12548) DISMISSAL GRANTED TO LEONARD M. He was extradited to the United States in early 1993 to stand trial. N EW YORK — Crazy Eddie was a consumer electronics empire built on hype. provided similar testimony for fiscal. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. 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. Antar was the primary person that told me. After hearing that another Antar was in trouble, I called former Crazy Eddie executive Sam E. 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. Dealership Rating. 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. Apr 05, 2021. Maintained by: Find a Grave. A certified public accountant, he had. Shop Crazy Eddie clothing on Redbubble in confidence. Eddie Antar died in 2016. OCEAN TOWNSHIP, N. The elder 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. J. 18, 1947, the grandson of Syrian Jewish immigrants. Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. Sam A. Antar, the son of the Eddie’s brother’s Allen, pleaded guilty to a prior scam in 2013 where took money from an investor to buy electronics equipment, but instead spent the funds on gambling. Essay, Pages 8 (1852 words) Views. E. (2) 1980-1984: Gradually reducing skimming to increase profit growth in preparation for the initial public offering, i. 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. "Crazy Eddie" -- founder of the electronics chain known for its "insaaane prices" -- died Saturday. Antar expanded his business from a single Brooklyn store, founded in 1969, into the largest consumer electronics chain in. Eddie failed to build. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. But Eddie Antar aggressively courted the investment. Much of the money was sent to a bank account in Israel. He was 68. My name is Sam E. of 1. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. 143-145. 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. Antar said. S. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. He was 68. Eddie Antar, his father Sam M. Tuesday night to share the. Eddie Antar was 68. Litig. In April, the court ordered Sam Antar to return $57. All groups and messages. Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. June 29, 2012, 4:27 p. Antar lives in Brooklyn. 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. Antar owned 1/3 of Sights and Sounds. 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. Provide details on what you need help with along with a budget and time limit. Eddie, Ronnie, and Sam M. Antar is well known for his schemes regarding Crazy Eddie Electronics, the company he cofounded with his father. Antar. DEBORAH ROSEN ANTAR Eddie's first wife. 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. He died in 2016 at the age of 68. Antar eventually pleaded guilty to. Other attempts have. Px 44 at 1 n. 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. After Eddie fled the country, Sammy offered to testify for Federal prosecutors in exchange for immunity. 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. Eddie. ' De-spite this modest beginning, Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. The Father’s an over the top, avid Yankee fan. RIP," he wrote. Eddie Antar paid for his cousin Sam E. , U. 12, 2022, 6:22 a. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. 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. 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. The chain grew rapidly during the years when the VCR hit the market. No cause was given. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. 1528. 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. Founded by father and son team Sam M. Dec 18, 1947 – Sep 10, 2016. United States v. Crazy Eddie was a consumer electronics empire built on hype. 1 Despite this modest beginning, Antar would eventually dominate the retail consumer elec- tronics market in the New York City. . Eddie Antar, his father Sam MAntar. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. In a statement given by Sam E. Chertoff said. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. 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. ¶ 33(F). After Antar fled. Debbie # 1 confronted Eddie walking to a stretch limousine with Debbie # 2 and a huge street fight erupted between them. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. The chain's growth was helped by the introduction of the VCR. the another true-crime story called "The Eels of Electronics", Where it should based on Eddie and Sam M. to electronics chain called "Crazy Eddie", that supposed to be great & epic, But Unfortunately, Eddie goes end up having terrible problems. Antar, Vol. , to — at its height — 43 stores in. The funeral home said it had no details on. He was a true genius (“goen”). The difference between a 4% increase in sales and the 10% increase in same store sales expected by Wall Street analysts was about $2. Brooklyn, New Jersey. Antar was an intelligent youth but found school boring, dropping out at. Subscribe to FAQ NYC on Apple, Spotify, or pretty much everywhere podcasts are found. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. American Ambassadors. OCEAN TOWNSHIP, N. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. The repatriation order again came up during the trial when Eddie's daughter died and his attorney requested the court to allow him to sit. Commission on September 6, 1989, in which the Commission alleges that Eddie Antar, Sam E. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. By 1989 the company was bankrupt. Crazy Eddie may have died rich. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. 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. 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. It is intended to be turned over to the S. S1 E1: Eddie Antar is the father of electronics super store chain and the mastermind behind the biggest retail fraud in American history. The man who turned the "Crazy Eddie" electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Crazy Eddie was an electronics store that specialized in low prices and a party. Sam Antar was the government's key witness and informant on the Crazy Eddie fraud which spanned 18 years. Eddie Antar was 68. Mitchell Antar, in 94-5228. has been operating for 36. Crazy Eddie may have died rich. Antar, who served as Crazy Eddie's CFO, gleefully recounted how he bamboozled the outside auditors and then avoided prison by testifying against his cousin. 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. , to a federal prison term of 82 months followed by 2 years of supervised release. 1051. 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. 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. 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. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. Sam E. Antar’s death Saturday was confirmed Monday by the Bloomfield Cooper Jewish Chapels in Ocean Township, N. Testimony of Sam E. She and her daughters paid $3. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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. 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. He was extradited and in 1992, in a plea bargain agreement, pleaded guilty to a single charge of racketeering. 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. In other words, he turns the complicated and baffling into simple and understandable. Daphne Guinness [English] Peter Beard and Cheryl Tiegs, Supermodel, represented Peter Beard. " App. And Rose and Debbie Antar, Eddie Antar's mother and wife, were each drawing $76,000 a year in salary; for what, Oppenheimer couldn't quite figure out. “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. C. Antar's. ‘Womber means ‘fire ablaze at night-time when it’s calm; the fire makes that noise, womber, womber. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. Entrepreneur Eddie Antar grew his chain of discount stores in the New York of the 1970s with unforgettably loud TV commercials, a. His cousin Eddie Antar, the company’s CEO, fled to Israel in 1990. Added: 12 Sep 2016. O. , which did not say where he died or give the cause. Their prices were insane. 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. The Complaint alleges that defendants engaged in activities directed by Eddie Antar as a result of which Crazy Eddie fraudulently . Eddie Womber Williams’ family recorded that Noongar names have a specific meaning. Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. Katy Perry & Orlando Bloom’s Daughter Daisy Dove Makes Public Debut at Vegas. TUCKER The Atlanta Regional and Miami Branch Offices announced that, on June 26, the Honorable Jose A. and the current entity status is Active. 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 father of five's cause of death has not been made public. Source citation. What they got, instead, was another Antar. 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. Sam A. Prices, Dies At 68. BROOKLYN-- He was known as Crazy Eddie. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. Antar's lawyer estimates there have been default judgments rendered against Antar for about $260 million. Eddie married first name Antar (born Rosen) . All groups and messages. Whoa, he’s still got his Crazy Eddie. He has since admitted helping to mastermind one of the largest securities frauds of its time,. (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. . In 1989, Sirota filed a civil suit against Antar who was still in the US. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. Antar -- grown with interest to $90 million -- for restitution to Crazy Eddie investors. In July 1984, Sam E. e. The S. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969 to 1987. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Antar, Vol. 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. " (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. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. ’ My grandparents ‘Gnoomer and ‘Yuajangan’ married on the Gnowangerup mission in the early 1900s and that was where their daughter, my mother,. Eddie married first name Antar (born Rosen) . m. Antar, but also dismissed virtually all of Crazy Eddie's current management, including a number of Mr. UMASS Boston Eddie Antar Crazy Eddie. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. 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. Deborah is 74 years old and was born in June 1949. Eddie Antar was 68. Eddie Antar was 68. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. 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. Apr 05, 2021. 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. A cause of death wasn't disclosed. 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. OCEAN TOWNSHIP, N. , U. 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. Eddie Antar was born in New York in 1947 and with his relatives set up discount electronics store Sight and Sound in 1969. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969. S. He served as Chief Financial Officer of Crazy Eddie, the electronics retailer that became one of the symbols of white-collar crime in the 1980s. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. By Jackie Wattles. 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 died in 2016. 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. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. By 1989 the company was bankrupt. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Aug. Directions. Several of the employees of. In 1988, soon after the S. 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. provided similar testimony for fiscal. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. The Crazy Eddie, Inc. Criminal. ); Deborah Rosen Antar; Robert S. Antar died in 2016. 8 million from 1984 to 1987 by selling 6. Antar is serving his second sentence Sam Antar, the felonious former CFO of Crazy Eddie, is now teaching students and prosecutors how to spot fraud in public companies. their book keeping stole millions! Crazy Eddie Antar and his cousin Sam Antar meet face-to-face decades. Eddie Antar and Sam M. Former Crazy Eddie store pitchman Jerry Carroll, center, and Alan Antar, brother of store founder Eddie Antar, at a 1998 opening. By Niraj Chokshi Sept. In a filing with. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. "A. 89-3773 (JCL) (D. Insane will focus on Sam E. Tweet on TwitterFollowing his time in prison, Antar desperately tried to start one electronics effort after another, but ultimately they all failed. In 1984, the. 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. (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Y. . Its name was Crazy Eddie. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Mr. He died on 10 September 2016, in New Jersey, United. The Bloomfield-Cooper funeral home in Ocean. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. United States of America v. 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. Dealership Rating. Gender: Male Religion: Jewish Race or . 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. 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 (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. Nearly 30 years after the fact, the.