Where are they now?

Crazy Eddie was the Enron Corp. of its era. The Antar family stole money in almost every way imaginable from their appliance-retailing chain before the scam collapsed in 1987. Several members of the family were convicted at trial in 1993. Here is a look a

Oct 18, 2009 @ 12:01 am

EDDIE ANTAR served seven years in prison, paid $75 million in penalties and later tried unsuccessfully to reopen the Crazy Eddie chain. He tried to make a movie about his life starring Danny DeVito, but lawyers argued that Mr. Antar didn't have the right to sell his story due to an unpaid $1 billion judgment owed to in-vestors. Mr. Antar is now 61 and is said to be suffering from liver cancer. He lives in the same Brooklyn house that the government seized from his father before a relative bought it back.

MITCHELL ANTAR, Eddie's brother, former executive vice president, served two years in prison and paid about $2 million in civil penalties. He lives quietly in Oakhurst, N.J.

ALLEN ANTAR, Eddie's brother, former head of corporate sales, was acquitted at trial but is still on the hook for about $3 million in civil penalties that the government hasn't collected. His last known address is in Brooklyn.

ELLEN AND BEN KUSZER, Eddie's sister and brother-in-law, ran record stores located inside Crazy Eddie shops. The government is still trying to collect a $2 million judgment against Mr. Kuszer. The couple live in Brooklyn.

SAM M. ANTAR, Eddie's father, was never charged with criminal wrongdoing, but he, Allen Antar and Ben Kuszer were sued by the Securities and Exchange Commission and found guilty in a civil trial. The feds seized $15 million of Sam Antar's assets. He died penniless in 2005.

ROSE ANTAR, Eddie's mother, who drew a salary for unspecified duties at the time of the company's 1984 initial public offering, lives in Long Branch, N.J.

DEBORAH ROSEN ANTAR, Eddie's first wife, divorced Eddie in 1984. She and her daughters paid $3.9 million to disgorge profits from Eddie's illegal stock sales. Ms. Antar lives in Brooklyn.

DEBORAH EHRLICH ANTAR, Eddie's second wife, is referred to as “Debbie 2” in family circles. She reportedly divorced Eddie around 2007. The government never brought legal action against her. Her whereabouts are unknown.

ABE GRINBERG AND ARNOLD SPINDLER, former Crazy Eddie business partners, tipped off the SEC about the Antars' fraud. Mr. Grinberg later pleaded guilty to lying to the SEC. Mr. Spindler was never charged with wrongdoing. Their whereabouts are unknown.

MICHAEL CHERTOFF, the prosecutor who led the government's case against the Antars, was Department of Homeland Security secretary in the second Bush administration. He's now a senior counsel at the Washington law firm Covington & Burling LLP.

JUSTICE SAMUEL ALITO, head of the federal prosecutor's office in Newark, N.J., which began the Crazy Eddie investigation, now sits on the U.S. Su-preme Court.

Sources: Sam E. Antar, SEC

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Cybersecurity threats advisers are seeing right now

The key threats advisers are seeing right now seem to change daily. Michelle Thetford of Schwab Advisor Services explains how to protect yourself and your clients.

Latest news & opinion

Will Jeffrey Gundlach's Trump-like approach on Twitter work in financial services?

The DoubleLine CEO's attacks on Wall Street Journal reporters is igniting a discussion on what's fair game on social media.

Fidelity wins arb case against wine mogul but earns a rebuke from Finra

In the case of investor Peter Deutsch, Fidelity doesn't have to pay any compensation, but regulator said firm put its interests ahead of his.

Plaintiffs win in Tibble vs. Edison 401(k) fee case

After a decade of activity around the lawsuit, including a hearing before the U.S. Supreme Court, judge rules a prudent fiduciary would have invested in institutional shares.

Advisers get more breathing room to make Form ADV changes

RIAs can enter '0' in some new parts of the document before their annual filing next year.

Since banking scandal, Wells Fargo advisers with more than $19.2 billion leave firm

Despite a trying year, the firm has said it will sweeten signing bonuses for veteran advisers.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print