— The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Eddie Antar, his father Sam M. Dealership Rating. Its name was Crazy Eddie. Three decades after it collapsed under the immense weight of a. By 1989 the company was bankrupt. He had a mistress. By. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. 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. Sup. A certified public accountant, he had. $24. Managed by: Private User Last Updated: April 29, 2022His cousin, chief executive Eddie Antar, ultimately went to prison for about seven years. and is obligated to disgorge that amount; and (2) Eddie Antar is liable for prejudgment interest in the amount of $20,976,884. The original store was located at 1117 Kings Highway in Brooklyn, New York. Antar eventually pleaded guilty to. The family business grew into a chain with. This particular great American scam is told in painstaking detail by Gary Weiss in “Retail Gangster: The INSANE, Real-Life. Eddie was a family man, a ladies man, and a rich man. The rise and well-deserved fall of Eddie Antar is told in veteran financial journalist Gary Weiss’s Retail Gangster: The Insane Real-Life Story of Crazy Eddie, a rollicking chronicle of malignity, criminality, and family intrigue. He was 68. 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. . See the article in its original context from July 15, 1993, Section D. Sam E. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. Antar was an intelligent youth but found school boring, dropping out at. Eddie Antar, Sam E. 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. Born: 18-Dec-1947 Birthplace: Brooklyn, NY Died: 10-Sep-2016 Location of death: Ocean Township, NJ Cause of death: unspecified. 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. The Crazy Eddie crime spree evolved in three phases: (1) 1969-1979: Skimming and under-reporting income (tax fraud) prior to the big plan to go public. Not until Eddie Antar fled to Israel to escape fraud charges did I realize the TV spokesnut and CEO. District Judge for the Southern District of Florida granted the Commission's Kotion AsFor Order Of Dismissal. -- 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. Antar, nephew of the crook behind the epic Crazy Eddie scam, last week settled a federal securities-fraud case from his New Jersey prison. For 13 years Eddie Antar wheeled and dealt out of an office in his Brooklyn headquarters that sported a bar, leather couch and a gym. 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. 0. To meet analysts’ expectations, we conceived of a plan called the “Panama Pump”. Soon after, Sam. Later extradited and. Other co-conspirators pleaded guilty to various crimes, cooperated with the government investigations of Crazy Eddie, and testified at. 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. This book is worth your time, and Weiss should be saluted for his work. Visit White Bear Lake Superstore in White Bear Lake #MN serving Minneapolis, St. org. " (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. By 1987,. United States v. 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. 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. Eddie Antar, the founder of the electronics chain Crazy Eddie, which collapsed amid accusations of accounting fraud, has died at the age of 68. Many family members remained loyal to Eddie—who always relied on a charismatic personality to charm employees, customers, and vendors—while other members of the family decided to side with Eddie's ex-wife. 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. Eddie and Allen Antar, and a third brother, Mitchell, were charged in August with stock fraud. He’s got two daughters “his little misses” and a son. Eddie Antar (Antar), Charles C. 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. E. Employee Rating. 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. Y. Highly recommend him to all shoppers. With the help of his popular commercials – which aired for nearly 15 years and. opened its. 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. Although Eddie. 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. The Bloomfield-Cooper Jewish Chapels in New Jersey confirmed Antar’s death to CNNMoney on Sunday. As I have shared with. BROOKLYN-- He was known as Crazy Eddie. 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. opened its. 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. During his term as the company's chief executive. J. July 15, 1993; Credit. , the consumer electronics concern that is the target of two takeover bids. Although the conviction was overturned, he eventually pleaded guilty and was sentenced to eight years in prison. In the process, he kicked off a discounting frenzy that proved a boon for consumers but didn’t translate well on Wall Street. She was first married to a Joesph Lewis Metzger and had a son Michael on October 18, 1939. "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 on how the illegal schemes had been carried out. Antar lives in Brooklyn. Antar, 75, of West End, New Jersey. 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. New Jersey Department of Corrections. Apr 05, 2021. Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. Whoa, he’s still got his Crazy Eddie. "Crazy" Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel on Jan. She and her daughters paid $3. Eddie began to price his products below the industry norm. New York Post photo composite More On: cons If. Bush's daughter Dorothy marries Bobby Koch; Jun 30 Actress Cecil Hoffman (Zoe-LA Law) marries Paul. After going public in the 1980s, the stock became nearly a 10-bagger before investigators found it. 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. The father of five's cause of death has not been made public. The Crazy Eddie chain, which closed in 1989, didn’t just execute one big scam, it ran dozens of them at once. OCEAN TOWNSHIP, N. J. He was 68. 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. A sketch showing the. Being a school drop-out, Antar uses it as a motivation to fulfill his ambition of becoming a successful business mogul. Crazy Eddie was a consumer electronics empire built on hype. Eddie married first name Antar (born Rosen) . N. Eddie Antar was 68. Per their story: Antar opened his. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. All groups and messages. Crazy Eddie. Brooklyn, New Jersey. Antar, who went into business with his father, turned Crazy Eddie into the largest electronics chain in the New York metropolitan area. 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. His family has not disclosed the cause of his death. 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. Antar’s father tipped off his daughter and Antar’s wife that Antar would be on a date with his mistress in Manhattan. 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. , had 43 retail outlets, sales exceeding $350 million, and outstanding stock with a collective market value of $600 million. ET Retail king Crazy Eddie was a high school dropout who once got stabbed outside a nightclub, a new book reveals. Other attempts have. " App. In 1981, Sam passed the CPA. By Alpha-burn. Employee Rating. . And, as has frequently been the case in American business, it’s a story of fraud. Sept. Michael Cohn. Sam E. Divorced Eddie in 1984 and, with her daughters, paid $3. 2 (emphasis added). Although Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in its commercials. 1528. Crazy Eddie Antar. Serial fraudster Sam A. Eddie Antar, the electronics kingpin who once presided over a retail empire spanning four states, died Saturday, according to a family member. 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. Stiff and unable to bend. Trump, who was one of his brothers-in-law, and Eddie Antar, the electronics retail chain executive known as Crazy Eddie. m. Antar, one of the largest securities frauds of its time This securities fraud cost investors hundreds of millions of dollars, cost many people. District Judge Harold A. Antar is the nephew of Eddie Antar, who founded the Crazy Eddie electronics stores in the 1970s and 1980s. Mr. 28-Jan-1890. During the 1980s, I helped mastermind with my cousin Eddie Antar and Uncle Sam M. Sammy’s testimony, in part, helped investigators trace Eddie’s Israeli bank accounts and other ill-gotten gains. Eddie Antar was a bizarre combination of Old World and New World. OCEAN TOWNSHIP - The man who turned the “Crazy Eddie” electronics stores into a retail giant before it collapsed amid federal fraud charges has died. provided similar testimony for fiscal. In 1972, the “fair trade law” was removed and many consumers viewed Eddie as a “retail. 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. Maintained by: Find a Grave. CNNMoney (New York) First published September 11, 2016: 6:59 PM ET Eddie Antar,. Aggressive, arrogant, and dictatorial are the words that best describes the way Eddie Antar's leadership. 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. Prices, Dies At 68. CustomerService@mncpa. 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. TV-PG. As breathless sales pitches occasionally remind us, everything must go. 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. ) 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. Crazy Eddie was a consumer electronics chain in the Northeastern United States. The notoriety of this case has continued into the 21st century. He was 68. Charles C. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New Year's Eve confrontation. ”. Eddie had 3 siblings. 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. (YouTube screen capture) OCEAN TOWNSHIP, New Jersey — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Eddie's first ad aired in 1975, when New York was at a bit of a low point. Crazy Eddie may have died rich. Eddie Antar, center, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Along with my cousin Eddie Antar, his father Sam M. I am glad we were able to make our Truck purchase from Eddie Antar. Allen Antar, 48, of Oakhurst, New Jersey, is one of Eddie's brothers. Eddie Antar once reigned over an electronics chain with 43 locations in New York, New Jersey, Pennsylvania and Connecticut, NJ Advance Media reported. Testimony of Sam E. December 31, 1983: New Year’s Eve massacre Eddie Antar was a ladies man and was not faithful to his first wife Debbie Rosen Antar (known as Debbie # 1). N EW YORK — Crazy Eddie was a consumer electronics empire built on hype. Eddie Antar, better known as “Crazy Eddie,” is a very prevalent fraudster in the world of accounting. “The kid is a degenerate gambler,” Sam. It’s about family, business, ambition, money, and betrayal. 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. Growing up poor he had dreams and aspirations of becoming a household name. Jun 24 Eddie Antar, American CEO (Crazy Eddies), facing $74M stock fraud charges, caught in Israel;. 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. who sided with their daughter-in-law. 12, 2022, 6:22 a. Kuzser refused, and the dispute began to fester. -- The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. ); Deborah Rosen Antar; Robert S. Mr. , Inc. 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. He died in 2016 at the age of 68. Share full article. Antar. Palmieri not only ousted Mr. BROOKLYN-- He was known as Crazy Eddie. Gender: Male Religion: Jewish Race or . Y. "Eddie Antar, Index No. 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. . He became famous by cheating money from women he met through newspaper announcements, by. By Jackie Wattles. Antar and Eddie Antar, Crazy Eddie was a Brooklyn electronics discount store first known as Sights and Sounds when it opened in 1969. 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. Federal. ”. 1051. "I remember Marvin buying Eddie a dog, or maybe Eddie bought one for Marvin," Mr. 1609) 1680 Baldassare Ferri, Italian castrato singer, dies at 69;. Eddie Antar was a Brooklyn-born businessman who in 1971 started the electronic retail store, “Crazy Eddie. Gonzalez, Jr. (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. , to a federal prison term of 82 months followed by 2 years of supervised release. By Peter Carbonara Sam Antar testified against his cousin, Crazy. J. In 1976, Larry Weiss, Crazy Eddie’s advertising director, hired WPIX-FM disc jockey Jerry Carroll as the official face of Crazy Eddie. In 1987, Eddie Antar was forced out, and a physical inventory undertaken by new management revealed that $40 million of merchandise did not exist. Added: 25 Apr 1998. One memorable family story featured Murad Antar—Eddie and Sam’s grandfather and family patriarch who immigrated to America in 1920. Electronics kingpin "Crazy Eddie," left, died Saturday at the age of 68. Dec 18, 1947 – Sep 10, 2016. Sam E. Rider University. . (AP) — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. (Eddie spent several years in prison. The Complaint alleges that defendants engaged in activities directed by Eddie Antar as a result of which Crazy Eddie fraudulently . 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. 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. Mr. COURT ORDERS FORMER WIFE AND CHILDREN OF EDDIE ANTAR TO DISGORGE PROCEEDS OF INSIDER TRADING The U. Sam Antar, a self-described convicted felon, takes credit for helping mastermind the Crazy Eddie securities scheme, one of the largest fraud cases of its time (it predates Enron). He and members of his family were too busy engineering a $120 million rip-off. Today, Carroll is considered to be one of the greatest spokespeople in advertising history. Wednesday, Sam Antar was sentenced to 21 months in federal prison in connection with his own investment scheme that went sour. Antar's minor children. " App. Eddie Antar, 68, who owned retail chain Crazy Eddie electronics, has died. Ms. The insularity of the organization was reflected in the ranks of employees who belonged to the tightknit Syrian community. Antar, the. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. (YouTube screen capture) OCEAN TOWNSHIP, New Jersey — The man who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges has died. Antar. Headquartered in Edison, it grew to 43 stores in four states. But looking back at all of it, the entire story of Eddie Antar — forget about his prices — was insane. Learn more about the CPE. Eddie Antar was 68. Download. In November 1986, Mr. 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. Entrepeneur. Antar was eventually busted and forced to describe to US investigators precisely how he had laundered money through Bank Leumi. Antar, Mitchell Antar, Isaac Kairey, and David Panoff, former officers and directors of Crazy Eddie, Inc. 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. The family business grew into a chain with. , a leading consumer electronics retailer in NY. The bean counters at Green Mountain Coffee Roasters have a new watchdog on their case, and he smells trouble brewing. JNi. 89-3773 (JCL) (D. Editor-in-chief, AccountingToday. Antar, and other members of Eddie’s immediate family, I helped to mastermind one of the largest securities frauds perpetrated in the 1980’s. The New York Times Archives. Eddie's father, Sam, who openly sympathized with his daughter-in-law, suffered a heart attack days after the New. 5 million in principal and interest to regulators to help reimburse Crazy Eddie shareholders, who lost about $120 million, the S. Lives in Brooklyn. Share on Facebook. The Crazy Eddie brand was born when Eddie Antar opened an electronics store in Brooklyn in the 1970s and became known as “that crazy guy” who offered insanely low discounts. In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading. 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. Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. 1609) 1676 Gerrard Winstanley, English religious reformer (b. Dealership Rating. Provide details on what you need help with along with a budget and time limit. According to published reports, his death was confirmed by a New Jersey funeral chapel although the cause was not disclosed. C. 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. The. Source citation. J. Eddie. “Crazy” Eddie Antar, dubbed the “Darth Vader of Capitalism” by the then. Carella, Esq. He took the electronics chain from one store in Brooklyn, N. 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. Crazy Eddie - Masterminds (Season 1, Episode 1) - Apple TV. Stiff Sentence. Masterminds. 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. com. His cousin, Sam E. Few things evoke the New York of a particular era the way “Crazy Eddie!Eddie Antar, 47, was sentenced to 12 1/2 years in prison and ordered to repay $121 million to investors. 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. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. "A. . Antar died in Ocean Township, New Jersey, home on Saturday. Much like Frank Abagnale Jr of Catch Me If You Can. Eddie Antar was sentenced last month to. Marvin Jemal and Eddie Antar, the head of Crazy Eddie, shared an affection for dogs, for example. 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. longs for the day when her 4-year-old daughter, Livia, can act like a. 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. Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Find a Grave Memorial ID: 168. 6 earthquake. . Judge Ackerman began his opinion as follows: There is perhaps no more insidious drain on the. (3) 1984-1987: As a. 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. 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”Wife of “Crazy Eddie”. Mr. Antar, and was previously named ERS Electronics . Antar, 59, the founder and former chief executive of the now-defunct Crazy Eddie chain of electronics stores, has never heard of Alexander. Later. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). I am a former CPA and former Chief Financial Officer of Crazy Eddie, Inc. , U. And so it is: Eddie Antar, the Eddie from the Crazy Eddie's chain of electronics stores, has died. Although Eddie Antar founded the company, Sam. For 13 years Eddie Antar wheeled and dealt out of an office in his Brooklyn headquarters that sported a bar, leather couch and a gym. Financial backing for the business will come largely from the family matriarch, Rose Antar, the 72-year-old mother of Eddie and Mitchell who, with her husband, Sam, 76, helped start the business. The Bloomfield-Cooper. Eddie (Samuel) Antar was born on month day 1947, in birth place, New York, to Samuel (Murad) Antar and Rose (Abraham) Antar (born Tawil). Eddie S Antar. United States of America v. 2016 Eddie Antar, founder and CEO (Crazy Eddie Electronics Store), dies at 68;EDDIE ANTAR AND DAUGHTERS PHILANTHROPIC FUND, INC. e. . Mitchell Antar, 39, was sentenced to four years in prison and ordered to pay back $3. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Paul and Twin Cities #1GNEVGKW7MJ169537Eddie Antar Found 11 people in New York, New Jersey and 4 other states. Updated Sep. In 2013, Sam Antar was sentenced to 21 months in federal prison for taking $225,000 in a fraudulent investment scheme. Eddie Antar started young. Eddie Antar, the founder of the Crazy Eddie electronics retail chain known for its hugely popular TV commercials in the 1970s and 1980s, and later brought down by a massive fraud scheme, died Saturday at the age of 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 Antar defrauded investors out of more than $74 million, and died in 2016. Aug.