Web24 de ago. de 2024 · JTA — Crazy Eddie was a consumer electronics empire built on hype. Entrepreneur Eddie Antar grew his chain of discounts stores in the New York of the 1970s with unforgettably loud TV commercials ... Web11 de set. de 2016 · Eddie was also charged by authorities with skimming millions of dollars in cash from the sales of Crazy Eddie stores, using the money to fund an extravagant …

The Fall of Crazy Eddie - Sam Antar

WebCrazy Eddie was a consumer electronics chain in the Northeastern United States. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar, and was... Crazy Eddie was a consumer electronics chain in the Northeastern United States. The chain was started in 1971 in Brooklyn, New York, by businessmen Eddie and Sam M. Antar, and was previously named ERS Electronics (ERS stood for Eddie, Rose and Sam; Rose and Sam were Eddie's parents). The chain rose to … Ver mais Eddie Antar's grandparents, Murad and Tera Antar, who were Syrian Jews, relocated to Brooklyn, New York from Aleppo, Syria. Murad and Tera worked in their market stalls alongside Arabs, including Ver mais Crazy Eddie stores were famous in the New York metro area for their advertisements, which featured Jerry Carroll as the star. … Ver mais Soon after the chain closed in 1989, a New Jersey-based investment group led by Alex Adjmi bought the rights to the Crazy Eddie trademark and announced in January 1990 that it had purchased the leases on Crazy Eddie's original location in Brooklyn and … Ver mais • Schulman, Michael. "Remembering Crazy Eddie: His Prices Were Insane". The New Yorker, September 17, 2016. • Weiss, Gary. Retail Gangster: The Insane, Real-Life Story of Crazy … Ver mais Almost from the beginning, Crazy Eddie's management engaged in various forms of fraud. The Antars deliberately falsified their books to reduce (or eliminate) their taxable income. They also paid employees off the books, and regularly skimmed thousands of dollars (in Ver mais On August 23, 2024, a book detailing the rise and fall of Crazy Eddie was released. Titled Retail Gangster and written by journalist Gary Weiss, the book chronicles, in significant detail, how Eddie Antar was able to build his business into one of the most profitable in … Ver mais • Companies portal • Sam Antar's 'Crazy Eddie' history page • CE Commercials Ver mais howard cooke

The Crazy Eddie Fraud

Web20 de jul. de 2024 · Crazy Eddie began losing money in 1987 as the electronics industry became more competitive and struggled to manage its many new stores. The … Web11 de set. de 2016 · 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, … WebCrazy Eddie’s pro forma profit per store only grew from $606,122 per unit in fiscal year 1980 to $617,737 in fiscal year 1984. Crazy Eddie’s real per unit profitability was hardly growing at all, except in the minds of unsuspecting investors who were unaware that we simply reduced our skimming to enhance our so-called growth. how many inches are in 6.2 feet