ipl-logo

Crazy Eddie Antar Case

424 Words2 Pages

No one who lived in New York City area from the late 1970s through the mid-1980s can forget the frenetic “Crazy Eddie” television commercials imploring potential buyers to frequent their discount electronics store chain because their prices were “insaaaaaane!” The Crazy Eddie retail chain, technically known as ERS Electronics, was originally founded in 1969 by Eddie Antar, his cousin, Ronnie Gindi and his father, Sam E. Antar (“the Antars”). The business went public in September 1984 and grew to a reported $300 million in sales and 43 stores by the end of 1986, Nevertheless, by 1987, the company and its officers were facing criminal investigations by the SEC and the New Jersey Attorney General, alleging various securities fraud violations as …show more content…

Eddie, who served as President and CEO, left the company in December 1986 after cashing in millions in company stock and options. A proxy battle ensued which resulted in the ousting of the original board in November 1987, including all of the Antars. Unfortunately, it was too late to save the company as ERS Electronics filed for bankruptcy in 1989 and was liquidated. Meanwhile, in September 1989, Eddie Antar was charged with securities fraud and insider trading. He fled to Israel in 1990 using a variety of aliases to escape the criminal charges and an order to repatriate some $53 million. Antar was arrested in June 1992 in Israel and was extradited back to the US in January 1993, now facing racketeering and conspiracy charges. Antar was convicted on 17 felony racketeering and securities fraud counts in July 1993 and sentenced to 12 ½ years in prison in April 1994. However, Antar (and his brother Sam’s) convictions were overturned in April 1995 on appeal and prosecutors announced plans for a new trial. Antar ultimately plead guilty in a plea agreement in May 1996 and in February 1997 was sentenced to 8 years in prison and ordered to pay $150 million in

Show More
Related
118 Words | 1 Pages

TSgt Moore/TSgt Nelson, How does this Sunday, 24 April at 1900 sound? TSgt Nelson needs a nighttime drive so he will drive to and from AJ. TSgt Nelson, Are you certified to drive a 15 pax passenger van?

Read More
1257 Words | 6 Pages

He committed armed robbery of Chevrolet Corvette and was sentenced to two years for the robbery, one year consecutive for use of a firearm, and six months concurrent on the remaining charges.   On August 1992, the accused absconded while being on parole. It led to the fact that Mr. Allan was released in September 1997, when he served the full sentence for manslaughter. In 2000, Mr. Allan was convicted twice with stolen property and dangerous driving.

Read More
743 Words | 3 Pages

David Camm is a former state trooper who was accused of taking part in the murder of his wife, and two children in September of 2000. On September 28, 2000 police were called to the home of David and Kim Camm, where they found Jill, and her two children dead in the garage of their home. David Camm told investigators that he returned home to find his wife shot on the garage floor, while his two children were in the backseat of the family car. Camm said he believe his son Bradley was still alive, and attempted to preform CPR. Bradley’s body was found on top of a prison sweatshirt (Mckay, 2002).

Read More
340 Words | 2 Pages

If I had been on the jury of this case against Pete Anderson I would have handed the jury the verdict that Pete Anderson was in fact guilty. I think that Pete Anderson illegally took archeological artifacts from public land. I think the fact that the location of the cronquistii coincides with the location of the looted Anasazi site, is an indication that Pete Anderson did in fact take the plants from this land area. The three types of daisy’s in the area were confertifolia, tortifolia, cronquistii. Regarding the morphology of these daisies, they each were able to be identified by the size of the “compositase” protein.

Read More
485 Words | 2 Pages

On 04/19/2018 at approximately 20:04 hours I, Deputy Keith Lloyd, along with Deputy Fred Corley were dispatched to 1299 E 119th Street, Mulvane, Sumner County Kansas for an unknown disturbance. The call was transferred from Mulvane PD who advised they could only hear that a male and his son were arguing. At approximately 20:34 hours Deputies arrived at 1299 E 119th Street. Upon arrival I made contact with a white male who was I recognized as Jarid Miles Branine from previous encounters. I asked Jarid what was going on and he stated he and his father got into an argument and his mother called the cops fearing the two were going to get into a fight.

Read More
407 Words | 2 Pages

Adnan’s first trial was declared a mistrial. He then began his second trial where he was found guilty and placed in the Maryland Correctional Institution. He is serving a life sentence plus 30 years for the murder of Hae Min Lee. Rabia Chaudry is one of the authors of the Undisclosed podcast. Chaudry and Adnan knew each other prior to this

Read More
506 Words | 3 Pages

Lahijani & Edelson LLP New York Attorney for Defendant: Saleh AlJurbua UNITED STATE DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SALLY SELLER, Plaintiff and Counterclaim Defendant, v. BILLY BUYER Defendant and Counterclaim Plaintiff. 17-cv-1234 NOTICE OF MOTION PLEASE TAKE NOTICE that, upon the annexed Affidavit of Billy Buyer, and Exhibit (A) annexed hereto, the accompanying Memorandum of Law, and all prior papers and proceedings herein, request that this Court dismiss Plaintiff Breach of contract claim pursuant to Federal Rule of Civil Procedure 12(b)(6). ---------------------------------- Lahijani & Edelson LLP

Read More
840 Words | 4 Pages

In September of 1961, a woman from District of Columbia had an intruder break into her apartment. While the invader of the home was there, they had taken her wallet, and also raped the woman. During the investigation of the crime, the police had found some latent fingerprints in the apartment. The police then established and processed the prints. The prints were then connected back to 16 year old Morris A. Kent.

Read More
540 Words | 3 Pages

Facts The Jury pronounced Duane Buck guilty in 1997 for his crimes consisting of the shooting and murder of his ex-girlfriend, Debra Gardner, and her friend Kenneth Butler including the assault and injury of his sister. Buck was charged with capital murder then sentenced to death under the pretense that he was a danger to society but the notion was challenged by his council claiming that Buck was not a danger on the grounds that he was more likely to commit crimes because he was black, by Dr. Quijano during Buck v. State. The Texas Court of Appeals found that there was sufficient evidence that Buck would be a future danger hence affirming the conviction. Buck then filed claims for both state and federal habeas relief along with a Certificate

Read More
838 Words | 4 Pages

Anthony was found guilty of providing false information to police and “…sentenced to four years in jail” (Trial Fast Facts) “She [was] also fined $1,000 for each count. (Trial Fast Facts) Anthony served three years and one day before being released on July 17, 2011 for good behavior. In August 2011, Anthony was forced to serve a one year probation from prior convictions.

Read More
812 Words | 4 Pages

In the BIG 10 conference Commissioner James Delaney occupation is to manage the media contracts, from which the members of its conference reap a substantial percentage of revenue to pay for its athletic programs. James Delaney was one of the prominent individuals in television marketing, and the Division 1 subdivision college football playoffs. Delaney has a keen interest in generating money for athletic programs, and considered the stakeholders that were affected by his media contracts. Delaney stated, “There’s no enthusiasm for funding these programs by central administration’s so were basically on our own…I’ve found it much easier to generate revenue than to cut cost. I’m being honest with you” (Sandomir, 2006, p. 8-8; Thomas, 2009,

Read More
478 Words | 2 Pages

Chief David L. Perry is the current Chief of Police at Florida State University (FSU), and formerly in Albany, GA and Clemson University. Chief Perry describes many situations that arise around a collegiate campus and what measures are being taken to ensure the safety of the FSU campus. The major emphasis throughout the presentation was on safety of the FSU campus. Early on in the presentation Chief Perry made the statement that a plentiful amount occurs behind the scenes that the students are unaware of.

Read More
980 Words | 4 Pages

Phillip Perez was incensed when he walked in the small apartment. He made his presence known by slamming the door open with an immense strength fueled by drunken rage. He has received some upsetting news that is the cause of this inappropriate entrance on this late night. His girlfriend, Melanie Krizek is flirting with another man according to a friend he was with at the club earlier. His unreasonable response to this rumor is to loudly enter the small apartment and wake the two ladies occupying the home.

Read More
1935 Words | 8 Pages

Anthony was sentenced to four years to be served consecutively for the

Read More
538 Words | 3 Pages

He was found guilty on multiple counts of forgery. However, he countered that he simply made fake checks and that they were not forged. Regardless, they still found him guilty and sentenced him to twelve years in a federal prison, Federal Correction Institution, in Petersburg, Virginia. However, he only served four years before he was paroled and was offered to help assist the Federal Bureau of Investigations in identifying and capturing other criminals. Specifically the one’s who were forging checks since that is what Abagnale knew best.

Read More

More about Crazy Eddie Antar Case

Related Topics

Open Document