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Topic: Crazy Eddie


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In the News (Tue 22 Dec 09)

  
 [No title]
EDDIE ANTAR Appellant in 94-5230 On Appeal from the United States District Court for the District of New Jersey (D.C. Crim.
Crazy Eddie began as a family-controlled operation with Eddie Antar as the key figure.
Eddie's younger brother Mitchell Antar worked for many years at Crazy Eddie and then was appointed vice-president in charge of purchasing and became a member of the board of directors in May, 1984.
vls.law.vill.edu /locator/3d/April1995/95a1013p.txt   (8015 words)

  
 Crazy Magic by Al Lorentz
Crazy Eddie wasn’t crazy, he was a shrewd and successful salesman.
Neocons claimed that Saddam was so crazy, he would blindly attack the United States without regard to the fact that he would be retaliated against with such blinding and decisive force that he and his entire Baath party would be vaporized.
Crazy like a fox maybe, but not crazy on the level of a lunatic that throws himself into the fire.
www.lewrockwell.com /orig5/lorentz2.html   (1440 words)

  
 Puerto Penasco, (Rocky Point) Mexico--Crazy Eddie
Eddie's the owner." We told him we'd like to interview Eddie, and he said, "Well, he ought to be around here somewhere.
Eddie and Gisela told us some of the story of their lives, and we could begin to see why Eddie got his nickname.
She and Eddie met in Hoboken, New Jersey in 1964, were married in 1965, and have 2 grown sons.
www.penasco.com /05eddie.html   (921 words)

  
 Crazy Eddie - Wikipedia, the free encyclopedia
Crazy Eddie was a consumer electronics chain located primarily in the Northeastern United States.
Eddie Antar became the focus of SEC and Federal investigations, and was eventually charged with a series of crimes.
The Antars' bid was dropped, and Zinn became the new owner of Crazy Eddie on November 6, 1987.
en.wikipedia.org /wiki/Crazy_Eddie   (2197 words)

  
 TV ACRES: Advertising Mascots - Crazy Eddie/Eddie Antar/Jerry Carroll (Stereo Electronics)   (Site not responding. Last check: 2007-10-19)
His stores were a success because of their cheap prices, low overhead and aggressive marketing which guaranteed that they would not be undersold, (giving customers 30 days to demand a rebate if they found the same merchandise offered at a lower price).
Jerry Carroll began live readings of the Crazy Eddie ads in New York on WPIX-FM in the mid 1970s and soon, his maniacal, wild-eyed pitchman style was highly imitated.
Carroll's loony characterizations were parodied on a HBO comedy skit on NOT NECESSARILY THE NEWS as "Crazy Ollie," an Oliver North look-alike and on Saturday Night Live in the now classic "Bass-o-Matic" skit with Dan Aykroyd.
www.tvacres.com /admascots_crazy_eddie.htm   (278 words)

  
 The Daily Caveat - Words to the Wise: Crazy Eddie Investors Receive Unexpected "Dividends"
Crazy Eddie, who always promised that his prices were insaaaannnnee was the mascot of an electronics chain run by New York-area businessman, Eddie Antar.
At some point, perhaps after seeing one of Crazy Eddie's ubiquitous advertisements insisting its prices were "insane," thousands of investors decided it was perfectly reasonable to buy stock or bonds in the consumer electronics company.
The SEC then sued Eddie Antar's father, Sam, and other family members in 1993, accusing them of reaping millions in illegal profit from selling stock that was artificially high because the company was making up its financial figures.
www.caveat.net /blog/2005/10/crazy-eddie-investors-receive.html   (1201 words)

  
 A Former Fraudster Speaks Out about White Collar Crime
The Crazy Eddie fraud would go down in history for its sheer audacity resulting from the brazen and unprecedented methods used by its conspirators in executing their crimes.
For the fiscal year ended March 1, 1987 Crazy Eddie's store level inventories were estimated to have been falsified by $15 to $20 million.
The auditor's work papers were left on Crazy Eddie premises overnight until the audit was completed in supposedly secured locked metal trunks.
www.whitecollarfraud.com /947660.html   (1910 words)

  
 [No title]
I. Factual Background and Procedural History The Crazy Eddie, Inc. chain of consumer electronics stores began as a small operation in the 1970s 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.
At the relevant times, Eddie was the company's president and chairman of the board, though in December 1986, he resigned as president.
Eddie's tender offer failed, and while Zinn withdrew his competing offer, he also began a proxy fight in cooperation with the Oppenheimer-Palmieri Fund to take over the board.
vls.law.vill.edu /Locator/3d/April1995/95a1013p.doc   (8097 words)

  
 So Thats Why Its Called a PYRAMID SCHEME
As it turned out, “Crazy” Eddie Antar, who was behind one of the twentieth century’s most infamous financial statement frauds, wasn’t crazy at all—just crooked.
Eddie convinced the suppliers to simply ship merchandise to the Crazy Eddie’s stores, and hold the billing until after the end of the accounting period.
In the Crazy Eddie’s case, the auditors inadvertently may have contributed to the fraud by the way the inventory observations were conducted.
www.aicpa.org /pubs/jofa/oct2000/wells.htm   (2875 words)

  
 A Featured Fribble: Crazy Eddy Update
Eddie was subsequently captured overseas with an assumed name, multiple passports, and reports of over $80 million floating around various banks in favorable countries.
Jailed now for 4 years, Eddie is awaiting sentencing after pleading guilty to crimes related to his criminal enterprise in, basically, stealing all the money from Crazy Eddie, Inc., and fleeing the country.
Eddie is rotting in a jail cell somewhere (and with his small stature, I hope for his sake he has a private cell), while I am merrily going on with my life.
www.fool.com /Fribble/1996/Fribble960521.htm   (2003 words)

  
 The Crazy Eddie Project   (Site not responding. Last check: 2007-10-19)
(Crazy Eddie will use those because they're within the budget of more-or-less ordinary citizens; the Crazy Eddies may not be discernibly ordinary, but their budgets are on the same scale as those of ordinary citizens.) So how do we pick up the 8 km/s of speed and the (comparatively trivial) other 50km of altitude ?
Thor Heyerdahl was my favourite Crazy Eddie; I don't have an ISBN for The Kon Tiki Expedition (published by George Allen and Unwin, 1950) translated from Kon-Tiki Ekspedisjonen (Gyldendal Norsk Forlag, 1948); but a bunch of crazy vikingær sailed across the Pacific in a stone-age boat.
But I believe in giving lots of Crazy Eddies somewhere to play: you'd be amazed at the results they get on their good days.
www.chaos.org.uk /~eddy/project/space/crazy.html   (2135 words)

  
 Crazy Eddie Reappears Online With Antar - 6/11/2001 - TWICE - CA85692
RAHWAY, N.J. — Crazy Eddie, the legendary and notorious New York-area CE retailer, has reappeared on the radar screen of the industry with a new chairman, a report of a new advertising campaign and with founder Eddie Antar on hand as "director of marketing and strategic relationships."
A lone Crazy Eddie store, opened a couple of years ago by Eddie Antar's nephews in New Jersey, and that had no relationship with this new company, has closed.
Crazy Eddie's site features all CE and PC categories, including air conditioners from most of the top brands in the industry.
www.twice.com /article/CA85692.html   (606 words)

  
 Crazy Eddie's $30 million suit blasts Lafayette-Circuit City TV commercials Discount Store News - Find Articles
Crazy Eddie spent $5.4 million on advertising in its most recently completed fiscal year, including $4.4 million in co-op allowances, according to a prospectus for a 1984 stock offering.
Crazy Eddie chairman and chief executive Eddie Antar said in a statement: "This particular commercial is false and confusing because it uses the setting of the confessional to cause viewers to believe that it is a Crazy Eddie and not a Lafayette/Circuit City commercial.
Also named in the Crazy Eddie suit were Circuit City's advertising agency and the six New York television stations which aired the spots.
www.findarticles.com /p/articles/mi_m3092/is_v24/ai_3595880   (681 words)

  
 Crazy Eddie Expansion Fizzles - 12/6/1999 - TWICE - CA40835
In its heyday, Crazy Eddie dominated the New York CE scene with 40-plus stores and an irritating but effective TV campaign that made it a household word.
Today, Eddie works in a lone Crazy Eddie outlet that was opened last year by his nephews.
A deal had been struck with a local seven-unit chain, Big Daddy Electronics, to license the Crazy Eddie name, and a multimedia advertising campaign was produced that revisited the original "His prices are insane!" theme.
www.twice.com /article/CA40835.html   (204 words)

  
 Tracking Crazy Eddie - Legal Quest Will Pay Off for Victims, Lawyer
Settlement conferences have begun with Crazy Eddie's underwriters and accountants who were named as defendants in the case.
Antar and Crazy Eddie's professional advisers, which include its underwriter, Oppenheimer and Co., and its accounting firm, KPMG Peat Marwick.
Sirota's family knew numerous Crazy Eddie employees, her husband was able to cultivate knowledgeable sources.
www.sirotalaw.com /press/press_01_18_93.cfm   (989 words)

  
 Short Story Review - A Quarter for Crazy Eddie by Will Murrary
Crazy Eddie came by with the pizza and demanded quarters from each one.
Crazy Eddie threw it on the ground and demanded a quarter.
Crazy Eddie didn't know that much about money, but he knew that a quarter would buy him a candy bar.
www.suite101.com /article.cfm/general_book_reviews/115708   (398 words)

  
 Crazy Eddie Insane Tribute Page!
This image personified the Crazy Eddie name just as the Antar family duo (father Sam and son Eddie) had intended.
Crazy Eddie even delved into the music business, going toe to toe with record store giants like Musicland, Sam Goody and downtown Manhattan hallmark JandR Music World.
Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison.
pocketcalculatorshow.com /crazyeddie   (492 words)

  
 The Antar Complex
Eddie was very civil to Debbie and he treated her very well and he gave her his whole salary, $700,000 a year, and everything like that." Sam personally watched Eddie give Debbie $1 million in cash.
Crazy Eddie’s reeps were inflated with $1 million of phony returns in fiscal 1985.And as the saying goes, a million here, a million there—after a while you’re talking real fraud.
Eddie invited Victor Palmieri and Elias Zinn to Crazy Eddie headquarters for a sitdown.
www.frankensteinsoffraud.com /pages/chapter1.html   (16539 words)

  
 ThirdAge - Daily News Newsletter - Crazy Eddie: He's Back
The grandchildren of Crazy Eddie founders Eddie, Allen and Mitchell Antar will open a 9,000 square-foot retail center next month in Wayne N.J., complete with an Internet site offering computer bargains and a fax and phone order service.
Eddie and Mitchell Antar were later convicted on fraud and racketeering charges related to the firm's initial public offering of stock.
Eddie, describing himself as a consultant to the new venture, announced the re-establishment of the business at the Consumer Electronics Show in Las Vegas.
www.thirdage.com /news/archive/980112-02.html   (184 words)

  
 First Wave: Crazy Eddie - TV.com
Now a fugitive trying to convince the world at large that we are in the midst of the first wave of an alien invasion, Cade looks for help from the reclusive publisher of a newsletter about conspiracy theories.
Eddie: Chicago’s your home town, he was talking about you.
The idea of aliens completely disintegating when they are killed, so no evidence remains that could be shown to the authorities to prove that the hero isn't crazy, originated with the 1967 TV series The Invaders.
www.tv.com /first-wave/crazy-eddie/episode/46276/summary.html   (380 words)

  
 Crazy Eddie sells out | MetaFilter
Crazy Eddies was the qunitessential New York/New Jersey thing.
Crazy Eddie was big part of my youth, you couldn't get away from him.
I got a free nylon Crazy Eddie's wallet at the opening of the Bridgeport branch when I was a teenager.
www.metafilter.com /mefi/52739   (1047 words)

  
 [No title]   (Site not responding. Last check: 2007-10-19)
Eddie: Warned him he was in danger and haven’t seen him in three days.
Eddie: They are the puppet masters who control the banking system and every world government.(shows Cade the cover with the all seeing eye in the center of a triangle)
Eddie: The Buddhist believe in the reincarnation of the soul from one animal shell to another.
www.members.tripod.com /trinityjm7/crazy_eddie.html   (3416 words)

  
 Crazy Eddie investors get additional $6 million   (Site not responding. Last check: 2007-10-19)
That is a bit less than they expected in 1984, when Crazy Eddie went public after growing from a single store in the New York City borough of Brooklyn, to a regional chain whose sales appeared to be exploding.
Crazy Eddie, which was then based in Edison, N.J., collapsed in 1987 amid federal investigations and family infighting.
The latest infusion of cash for investors stems from a $57.5 million judgment entered in 1998 against Sam Antar, who founded Crazy Eddie in the late 1960s with his eldest son, Eddie.
www.newyorkbusiness.com /news.cms?id=11957   (426 words)

  
 SEC v EDDIE ANTAR - Legal Case Documents
("Crazy Eddie") to a federal prison term of 82 months followed by 2 years of supervised release.
Antar was sentenced pursuant to his plea of guilty to racketeering conspiracy in connection with his actions at Crazy Eddie.
That in 1985 he caused the value of the inventory of Crazy Eddie reported to its auditors to be falsely overstated by approximately $2 million; !
www.legalcasedocs.com /120/242/808.html   (495 words)

  
 CRAZY EDDIE INC v PEAT MARWICK MAIN & CO - Legal Case Documents
Plaintiff Crazy Eddie, Inc. ("Crazy Eddie" or the Company") is a Delaware corporation authorized to conduct busi- ness within the State of New York, with its principal executive offices located in Edison, New Jersey.
Crazy Eddie does not "need" access to PMM's work- papers in order "to defend" itself in the federal actions.
("Crazy Eddie" or the "Company") respectfully submits this memorandum in support of its order to show cause why a preliminary injunction should not be issued com- pelling the return of key Company documents and essential working papers from its previous auditor, Peat Marwick Main & Company.
www.legalcasedocs.com /120/243/593.html   (2599 words)

  
 Merck's Offshore Shuffling: Shades of Crazy Eddie - SeekingAlpha
For example in the Crazy Eddie fraud, the auditors did not observe the year end inventory at all store and warehouse locations.
Both accounting firms that audited Crazy Eddie and Phar-Mor were among the “big 4” accounting firms today.
For almost 15 years the Antar family (Eddie Antar, his father Sam M. Antar and other members of their family) skimmed over $15 million from Crazy Eddie.
seekingalpha.com /article/17737   (1335 words)

  
 New York Daily News - Business - Not Crazy for Eddie on eBay   (Site not responding. Last check: 2007-10-19)
The Trident Growth Fund, owners of the Crazy Eddie Inc. "insaaaaane" trademark, had set an undisclosed reserve price for the piece of pop culture.
The Crazy Eddie commercials of the 1970s and 1980s boosted the business' name recognition in the city to a level rivaled only by then-Mayor Ed Koch.
The firm's founder, high school dropout Crazy Eddie Antar, started with a lone store in Coney Island and built an empire of 43 stores before going bankrupt in 1989 after a massive stock fraud case.
www.nydailynews.com /business/story/432049p-364076c.html   (254 words)

  
 Amazon.com: Crazy: Music: Alanis Morissette   (Site not responding. Last check: 2007-10-19)
Her emotion really comes through and even if I don't like much of it, it does relate to so many of today's troubled female generation.
Alanis is back with a brand new sound -- her old style with a bunch of euro sounding synthesizers thrown into it.
I personally love this new mix of Seal's "crazy." Seal's version is weak -- his vocals are nothing in compared to Alanis's vibrant voice.
www.amazon.com /Crazy-Alanis-Morissette/dp/B000C8STL2   (1116 words)

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