Trade

Inside The Mind Of A Financial Criminal

Crazy Eddie Stock Certificate i

Crazy Eddie Stock Certificate Sam Antar/Sam Antar hide caption

itoggle caption Sam Antar/Sam Antar
Crazy Eddie Stock Certificate

A Crazy Eddie stock certificate: evidence in one of the largest securities fraud of all time.

Sam Antar/Sam Antar

In the seventies and eighties, the Antar family ran Crazy Eddie, a popular electronics chain known for its frenetic commercials.

The business was crooked from the start, but the fraud got more serious when the family took the company public in the 1984. In 1987, the Securities and Exchange Commission investigated the family and discovered years of inflated profits and overstated income.

On today's show, one of the masterminds of the fraud, Eddie's cousin Sam Antar, explains how they did it and why it worked for so long.

Subscribe to the podcast. Music: LL Cool J's "I Can't Live Without My Radio." Find us: Twitter/ Facebook. Note: Today's podcast originally aired in August, 2009.

Note: The guy in the commercial is a radio DJ who played no part in the criminal case.


Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.