The crimes i committed as chief financial officer of crazy eddie, inc i have, however, tried to rectify my wrongdoing by discussing the fraudulent tactics that i sam e antar please take the time to read my enclosed letter to secretary nancy m. The paperback of the crazy eddie by thomas g jewusiak at barnes & noble free shipping on $25 or more. Sam antar, former cfo of crazy eddie (massive fraud in the 1980's) has been systematically uncovering fraud at green mountain coffee roasters (nasdaq: gmcr) for years in spite of this, investors continue to run up the price of the stock, believing the hype and the numbers put out by management. Case opinion for us 3rd circuit united states v antar 94 5228 read the court's full decision on findlaw not a legal professional (which amount constitutes eddie antar's illegal profits from the sale of the stock of crazy eddie, inc in violation of the federal securities laws. Crazy eddie financial analysis 3 3 12 after computing the common size financial statements and financial ratios, i found many reasons why crazy eddie.
Sam antar is the former cfo of crazy eddie inc, a convicted felon, and author of the white collar fraud blog back on august 24, 2011, accounting professors j edward ketz and anthony h catanach jr, reported in their blog that groupon (planned ticker symbol: grpn) violated generally accepted. crazy eddie, inc financial fraud case 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 antar. For anyone living in the new york metropolitan area throughout the 1970s and 1980s, crazy eddie was inescapable a chain of electronics stores that eventually spread to 43 locations across four states, the business bombarded consumers with print, television, and radio ads that guaranteed name brand. Featured crazy eddie news find breaking news, commentary, and archival information about crazy eddie from the tribunedigital-orlandosentinel (page 2 of 5.
Crazy eddie inc said it entered into an agreement with mcsi, a unit of motorola inc, to install and service the company's cellular telephone systems. View crazy eddie's profile on linkedin, the world's largest professional community crazy has 1 job job listed on their profile see the complete profile on linkedin and discover crazy's connections and jobs at similar companies. Bernstein v crazy eddie, inc, 702 f supp 962 (edny 1988) case opinion from the us district court for the eastern district of new york. Thecrazyeddiefraud horizontalanalysis crazyeddie consolidatedstatementofoperations inthousandsexceptforsharedata eddie'searnings,toreport$45millioninfictitious earnings,andtoclaimmorethan$20millionin fictitioussaleswiththesefalsifiedreports,eddiewasabletosellhisownstockatinflatedpricesfor.
Rpf, inc is a management consulting firm founded by robert a marmon the chapter about crazy eddie, inc details his involvement in unwinding the fraud perpetrated on the public by the company and its controlling family this site contains. Crazy eddie inc news find breaking news, commentary, and archival information about crazy eddie inc from the latimes. Dc comics inc v crazy eddie, inc, no 79 civ 3786-pnl (sdny aug 3, 1979) year 1979 court united states district court for the southern district of new york. Free essay: jun 1,2009 crazy eddie, inc crazy eddie inc was a retail consumer electronics store in new york city by 1987, crazy eddie inc had 43 retail.
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 there, the founder and chief executive of crazy eddie inc often pumped iron while haggling with vendors, occasionally rising from his weights to pour a round of drinks, tell a joke or consummate a deal. View homework help - crazy eddie case 1 from acct 101 at st leo running head: crazy eddie case 18 crazy eddie case 18 kimberly williams acct 622 liberty university 1 running head: crazy eddie. Read this essay on case study- crazy eddie come browse our large digital warehouse of free sample essays get the knowledge you need in order to pass your classes and more only at termpaperwarehousecom.
Crazy eddie, inc case 16 team members crazy eddie facts high school drop out at age sixteen began his career by peddling tv sets in his brooklyn neighborhood. Information about crazy eddie's inc - muncie check crazy eddie's inc address, gps coordinates, reviews, principals, incorporators etc. The us government is losing the war against white collar crime that's the message from sam e antar, one of the masterminds of the massive crazy eddie fraud of the 1980s we are in the golden era of white-collar crime my biggest regret is i should've been a criminal today rather than 20 years. Crazy eddie inc was founded by antar in 1975 and is widely known, especially in the new york metropolitan area, for high-volume televison commercials featuring an arm-flailing spokesman and the tag line, 'crazy eddie -- his prices are insane. Their prices were insane their business seemingly unstoppable and their profits in the multimillions but then it all came to a screeching halt, one detailed in painstaking fashion by sam e antar, the former chief financial officer of crazy eddie inc, the tri-state electronics retailer immortalized by its famously frenzied tv commercials. Crazy philadelphia eddie 1,550 likes 1 talking about this 2011 is going to be crazy philadelphia eddie's year.
Crazy eddie case essays1 compute key ratios for period 1984-1987 inventory turnover 458 39 325 25 the inventory turnover rate steadily declines from 1984-87, which could indicate, lost sales misstatements of inventory or cost of goods sold could be possible it also indicates employee strik. Crazy eddie saga table of contents crazy eddie early years crazy eddie advertising crazy eddie fraud the fall of crazy eddie white collar fraud blog archive - overstockcom crazy like a fox, guess who's tipping off the sec on alleged accounting frauds. The new management of crazy eddie inc has disclosed that federal criminal and civil investigations have found that all the company's financial statements before last november are inaccurate elias e zinn, an electronics executive, and victor h palmieri, the turnaround specialist, took over the. Was not able to attach pdf due to size, but copy of case study crazy eddie, inc available at 1 compute key ratios and other financial measures. Crazy eddie paid managers almost 3/4 of their salaries in cash sam antar began college with expenses being paid by the antar family 1980 began reducing skimming to increase profit growth for the ipo sam graduated and became the de facto cfo then to penn & harowitz.