Sept. Aggressiveness was the primary factor used by Antar in driving the consumer electronics store he built in 1980. Eddie S Antar. After gaining control, Mr. , founder of the Roseland-based law firm of Carella, Byrne, Cecchi, Olstein, Brody, and Agnello, P. Sam A. The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 1. Filed: 1995-04-12 Precedential Status: Precedential Citations: 53 F. By 1987,Antar's firm, Crazy Eddie , Inc. 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. The father of five's cause of death has not been made public. 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. Antar lives in Brooklyn. "Crazy" Eddie Antar. Antar, but also dismissed virtually all of Crazy Eddie's current management, including a number of Mr. 2 (emphasis added). And, as has frequently been the case in American business, it’s a story of fraud. " App. Mr. This was viewed by the customers in a great way, resulting in a large loyalty from his customers. 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. In 1989, Sirota filed a civil suit against Antar who was still in the US. . 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. 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. published March 27, 2019. And so it is: Eddie Antar, the Eddie from the Crazy Eddie's chain of electronics stores, has died. Gary Weiss (MSJ76) Back in the fall of 2016 we heard the news about the passing of Eddie Antar, “Crazy Eddie” as he was known to millions of people, the man behind the successful chain of electronic stores and one of the most iconic ad campaigns in history. 12, 2022 Good morning. 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. Rosenbaum, President of R. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. He was a true genius (“goen”). Licensed to: iChapters User CASE 1. He built “Crazy Eddie’s” into a publicly traded $300 million company with many franchise locations. An Audacious Start: Eddie Antar was born in Brooklyn, New York, on Dec. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,”. Antar is the former businessman who cooked the books at Crazy Eddie. Crazy Eddie was an electronics store that specialized in low prices and a party. Updated Sep. The Crazy Eddie name is not forgotten, let’s hope they re-open some of those magical stores someday! Our friend Dean lived in the New York area for a while and was a loyal Crazy Eddie customer. Testimony of Sam E. Mr. Antar. He died in 2016 at the age of 68. On one occasion, Murad was carrying thousands of dollars in cash and thought he was being followed. Several of the employees of. In a filing with. 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. He became famous by cheating money from women he met through newspaper announcements, by. 0. 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. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. View More Reviews on. Antar was released from prison in 1999. 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. , which obtained a $73 million judgment against Mr. 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. Crazy Eddie. Eddie Antar started young. 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. NEW YORK (JTA) – Crazy Eddie was a consumer electronics empire built on hype. To survive in business, Eddie Antar resorted to circumventing fair trade by discounting merchandise to customers. I committed my crimes, simply because I could. Antar fled the country in 1990 and two years later was arrested in Israel. 31 (30% off) Clothing. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Eddie Antar is alleged to have made $75 million during the short public life of Crazy Eddie. Stiff and unable to bend. The film is being financed by eOne. No one's prices have been quite as "insaaaaaaane. Michael was Eddie Cantor's first grandchild. Sam A. Antar died on Saturday, but a cause of death was not disclosed. 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. Antar, Vol. Antar died in 2016. 9 million to disgorge profits from Eddie’s illegal stock sales. m. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. 1051. Benjamin Kuszer, 48, of Brooklyn, New York, is Eddie's brother- in-law. In 1993 Eddie Antar, left, was convicted on racketeering and stock fraud charges. Entrepeneur. 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. TV-PG. J. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Available on Prime Video, Tubi TV, Amazon Freevee. . " (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. The book not only documents Antar’s nefarious antics in lucid detail. 6 earthquake. 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. Get this Sun-Journal page for free from Monday, February 2, 1987 r' 2C Lewiston Journal Community events Monday Fabruary 2 1987 A Patent Business briefs Management s. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. 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. The. The commercials were parodied in the movie “Splash. Behold, The another logo over. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. 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. 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. She and her daughters paid $3. Deborah is 74 years old and was born in June 1949. District Judge Harold A. Speaking at a fraud seminar Friday co-sponsored by the Center for Audit. Eddie was a family man, a ladies man, and a rich man. , had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. Antar owned 1/3 of Sights and Sounds. Sam M. Their prices were insane. ' De-spite this modest beginning, Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. 1051. 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. owned equal 1/3 shares of ERS Electronics. ANTAR, MITCHELL ANTAR, ISAAC KAIREY, DAVID PANOFF, EDDIE GINDI, AND KATHLEEN MORIN, Civil Action No. Greg Berlanti, Sarah Schechter, Peter Steinfeld. Their prices were insane. Subject of Burt Lancaster movie. $34. 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. The famous commercials were all produced in house and were not a creation of an outside. , 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. The real Eddie Antar didn’t have time for acting. 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. RIP," he wrote. United States v. Wife of World-famous Astronomer and space scientist Carl SaganCrazy Eddie Summations. No cause was given. Ct. 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. This book is worth your time, and Weiss should be saluted for his work. United States of America v. JNi. , U. Later. 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. 1609) 1676 Gerrard Winstanley, English religious reformer (b. 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. 143-145. Between that time and November 1987, although not in all cases throughout that period, the individual defendants were its directors or officers. 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. Sup. NEW YORK (CBSNewYork)-- Eddie Antar, the man behind the now-defunct "Crazy Eddie" chain of stores, died Saturday at the age of 68. E. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). 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. Editor-in-chief, AccountingToday. Eddie. Subscribe to FAQ NYC on Apple, Spotify, or pretty much everywhere podcasts are found. See full article at Den of Geek ». Federal. 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. 0:52. m. The screenplay was written by Peter Steinfeld. Eddie Antar, Sam E. OCEAN TOWNSHIP, N. Antar was the primary person that told me. 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. Charles C. New Yorkers know the company — which imploded when. 9 million to disgorge profits from Eddie's illegal stock sales. Eddie Antar was 68. Photo: Jeff Zelevansky/Associated Press. “More than anything else, I miss the variety of New York,” said Eddie Antar, 58, of the Inwood section of Manhattan. J. 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. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. 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. 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 the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. 0:00. C. As I have shared with. Among his clients were Donald J. Crazy Eddie's eventually went public and had a valuation of $600 million. Eddie, Ronnie, and Sam M. The younger Antar, who had become Crazy Eddie’s CFO, pled guilty to charges of securities and mail fraud conspiracy and obstruction of justice. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Deadline reports the following rundown of the story of Crazy Eddie: Antar opened. Antar, was CFO of Crazy Eddie and was complicit in its fraud. Eddy Antar, Eddie Antar's uncle, was corporate treasurer. . 0:00. He stayed out of jail by turning on several others, including his cousin, Eddie Antar, who was Crazy Eddie’s co-founder. But Eddie Antar aggressively courted the investment. . Cofounder of the electronics retail chain Crazy Eddie, Inc. Antar on how the illegal schemes had been carried out. Source citation. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. 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. -- 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. 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. Crazy Eddie was founded in 1969 by Eddie Antar and his father, Sam M. Dealership Rating. Three years later, he was extradited back to the U. United States v. Employee Rating. Antar's relatives. Rider University. The. Growing up poor he had dreams and aspirations of becoming a household name. Eddie Antar And Daughters Philanthropic Fund, Inc. 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. . Antar. This chapter discusses how, during the 1980s, Sam E. 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. "A. The Bloomfield-Cooper funeral home in Ocean Township, New Jersey, confirmed Sunday that Antar died Saturday. 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. Natalie was the second Cantor daughter and truly the hardest one to find information on. Antar. All groups and messages. Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison. She was discharged Saturday and her aunt and uncle. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. Antar sold the bulk of his Crazy Eddie stock - 1. The fraud at Crazy Eddie was one of the longest running in modern times, lasting from 1969. Masterminds tells real crime stories about amazing deceptions that brilliant criminals use to pull off seemingly impossible crimes. Antar died in Ocean Township, New Jersey, home on Saturday. The girl had been at the hospital since hours after the Feb. 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. Antar, the. What they got, instead, was another Antar. 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. S. Michael Cohn. 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. 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. 8 million from 1984 to 1987 by selling 6. Crime Jul 15, 2003 23 min. Antar was an intelligent youth but found school boring, dropping out at. I am glad we were able to make our Truck purchase from Eddie Antar. 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. “The kid is a degenerate gambler,” Sam. 10. Eddie married first name Antar (born Rosen) . Eddie Cantor. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. He used the hard-bargaining techniques of the Middle Eastern souks to undermine the staid, clubby realm of American retailing. He died in 2016 at the age of 68. Entrepreneur Eddie Antar grew his chain of discount stores in the New York of the 1970s with unforgettably loud TV commercials, 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. The notoriety of this case has continued into the 21st century. 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. Highly recommend him to all shoppers. Dealership Rating. 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. Stiff Sentence. Antar vanished from the United States after. It’s the first face-to-face meeting in 20 years between cousins Eddie and Sam Antar, the founder and chief financial officer, respectively, of the Crazy Eddie electronics stores. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. business. In 1984, the. At a time when most electronics stores were small (“kleyn”) storefronts, Antar created electronics SUPERSTORES that sold the new gadgets consumers were clamoring for in the 1970s and 1980s. (Eddie spent several years in prison. Grinberg faces up to five years in prison and $250,000 in fines when he is sentenced on May 28. Eddie Antar died in 2016. A cause of death was not disclosed. Daphne Guinness [English] Peter Beard and Cheryl Tiegs, Supermodel, represented Peter Beard. All groups and messages. Antar, who is now 44 years old, was apparently laying the groundwork for a new life. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. United States of America v. 15-Jul-1960. In 1981, Sam passed the CPA. They built a modest tasting room to showcase their authentic and natural style of winemaking and has grown while still keeping to its traditional roots. 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. James Gandolfini, Actor. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. He was 68. Brooklyn, New Jersey. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. Among his clients were Donald J. 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. . "Crazy" Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel on Jan. 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. Antar allegedly used about $974,000 in… 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. In 1971, Eddie Antar purchased Ronnie Gindi's share of ERS electronics for $25,000 in cash. Sam E. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. United States of America v. Maintained by: Find a Grave. 952-831-2707 | 1-800-331-4288. 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. A cause of death wasn't disclosed. The girl had been at the hospital since hours after the Feb. 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. It’s about family, business, ambition, money, and betrayal. Crazy Eddie Antar. " Eddie Antar, co-founder of the Crazy Eddie electronic retail chain, died Saturday at age 68. American Ambassadors. Mr. Crazy Eddie began as a family-controlled operation with Eddie Antar as the key. JINDERIS, Syria (AP) — A baby girl who was born under the rubble of her family’s earthquake-shattered home has left the hospital and gone to her new home, where she was with her paternal aunt’s family Monday. Eddie had 3 siblings. Antar is the former businessman who cooked the books at Crazy Eddie. has been operating for 36. Sol Goldman, largest individual real estate owner in NYC: Chrysler Building; Plaza Hotel, etc. “Crazy Eddie” was Eddie Antar, the grandson of Syrian immigrants, who started a modest stereo shop in Brooklyn and parlayed it into a retail empire grossing $350 million annually. 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, who helped mastermind the now-defunct consumer electronic business with his cousin, Eddie Antar and uncle, Sam M. But Eddie Antar aggressively courted the investment. The father of five's cause of death has not been made public. He ducked into a store, left the money with the Syrian shopkeeper, and promptly forgot. It also evokes the saga of the Syrian. 22-Nov-1963. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. 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 paid for his cousin Sam E. Now Sam Antar, 52, is using the expertise he gained as a criminal to uncover accounting problems at other. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. E. He was 68. The chain rose to prominence throughout the Tri-State area as much for its prices as for its memorable radio and television commercials,. By Peter Carbonara Sam Antar testified against his cousin, Crazy. Download. By Niraj Chokshi Sept. With the help of his popular commercials – which aired for nearly 15 years and. Eddie Antar defrauded investors out of more than $74 million, and died in 2016. Sam A. Crazy Eddie may have died rich. Antar was the primary person that told me. Money laundering is a three-step process of placement, layering and integration that is clearly illustrated in Crazy Eddie’s scheme. 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. 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 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Stiff and unable to bend. Antar (Eddie’s father) also wanted to dump 800,000 shares of stock (worth about $20 million). After Antar fled. 1. After Eddie fled the country, Sammy offered to testify for Federal prosecutors in exchange for immunity. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. Carella, Esq. , a leading consumer electronics retailer in NY. In other words, he turns the complicated and baffling into simple and understandable. 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. 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's minor children. Eddie Antar, the mastermind behind New York’s infamous Crazy Eddie CE chain, died on Sept. View More Reviews on. said. Source citation. The chain grew rapidly during the years when the VCR hit the market. He was extradited and in 1992, in a plea bargain agreement, pleaded guilty to a single charge of racketeering. Mr. Eddie Antar started the chain in 1969 with a store in Brooklyn, New York. J. Eddie had 3 siblings. , to — at its height — 43 stores in. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. By Jackie Wattles. The government and various civil litigants recovered over $75 million from Eddie and $2 million from Mitchell. Crazy Eddie’s fraudulent empire. Updated Sep. Antar co-founded. 5 million in cash in a false ceiling at Antar's father's house, according to The Hustle. The Crazy Eddie, Inc. Y. Antar owns 11 percent and the Belzbergs the remainder. 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 consumer electronics concern that is the target of two takeover bids. 1051. Eddie Antar was a Brooklyn-born businessman who in 1971 started the electronic retail store, “Crazy Eddie. . . Y. District Court for the District of New Jersey ordered Deborah Rosen Antar and her daughters (the former wife and children of Eddie Antar) to disgorge illegal profits arising from Eddie Antar's sale of 300,000 shares of. W. She was discharged Saturday and her aunt and uncle. Hon. 143-145. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail Gangster. Antar also must pay $250,000 more in restitution during the first five years he is out of prison, U. Eddie Antar made more than $74. 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. N. Gender: Male Religion: Jewish Race or .