{"id":8915,"date":"2016-09-11T23:11:00","date_gmt":"2016-09-12T07:11:00","guid":{"rendered":"http:\/\/associatednews.info\/content\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud\/"},"modified":"2016-09-11T23:11:00","modified_gmt":"2016-09-12T07:11:00","slug":"eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud\/","title":{"rendered":"Eddie Antar Dies At 68. Started Crazy Eddie Chain; Served Time For Fraud"},"content":{"rendered":"<p><span style=\"font-style:italic;font-size:16px\">By  <a target=\"_blank\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2016\/09\/12\/493568772\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud?utm_medium=RSS&amp;utm_campaign=business\">Doreen McCallister<\/a><\/span>  <\/p>\n<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2016\/09\/12\/493568772\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud?utm_medium=RSS&amp;utm_campaign=business\"><img decoding=\"async\" width=\"150\" src=\"https:\/\/media.npr.org\/assets\/img\/2016\/09\/12\/ap_16255781815727_wide-e56dcebae0b3706093c3dae1a87546f9b676468a-s800-c15.jpg\" alt=\"\"><\/a><\/div>\n<div>\n<div><button>Enlarge this image<\/button><\/div>\n<div>\n<div>\n<p>In 1993, Eddie Antar, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Thousands of commercials starred pitchman Jerry Carroll who touted the chain&#8217;s prices as &#8220;insane.&#8221; <strong>Danield Hulshizer \/AP<\/strong> <strong>hide caption<\/strong><\/p>\n<\/div>\n<p><strong>toggle caption<\/strong> <span>Danield Hulshizer \/AP<\/span><\/div>\n<\/div>\n<p>If you ever saw a Crazy Eddie commercial, then you know the electronics retail giant&#8217;s prices were &#8220;insane!&#8221;<\/p>\n<p>At its height, the chain had 43 stores in four states. Eddie Antar started the chain in 1969 with a store in Brooklyn, N.Y. The chain&#8217;s growth was helped by the introduction of the VCR.<\/p>\n<p>In 1984, the chain went public. Stockholders, <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/money\/2011\/07\/11\/137632410\/the-tuesday-podcast-inside-the-mind-of-a-financial-criminal\">during a revolt in 1987<\/a>, took over the company, and shortly after that it was discovered that $45 million in merchandise was missing.<\/p>\n<p>At the same time, federal prosecutors had been building a fraud case against Antar, charging that he had defrauded shareholders through stock manipulation, according to <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.nytimes.com\/2016\/09\/12\/business\/eddie-antar-retailer-and-felon-who-created-crazy-eddie-dies-at-68.html?hpw&amp;rref=obituaries&amp;action=click&amp;pgtype=Homepage&amp;module=well-region&amp;region=bottom-well&amp;WT.nav=bottom-well&amp;_r=0\">The New York Times.<\/a><\/p>\n<p>In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading.<\/p>\n<p>Three years later he was extradited back to the U.S. In 1995, his conviction on racketeering and stock fraud charges were overturned on appeal.<\/p>\n<p>He eventually served seven years in prison after pleading guilty in a plea bargain to one charge of racketeering conspiracy.<\/p>\n<p>Antar died on Saturday but a cause of death was not disclosed. He was 68.<\/p>\n<p>While Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in commercials.<\/p>\n<p>For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of radio and TV ads.<\/p>\n<p>Carroll&#8217;s fast-talking, shout-at-you style made the commercials memorable.<\/p>\n<p>The ads always ended the same, with Crazy Eddie prices being touted as &#8220;in-SAAAANE!&#8221;<\/p>\n<p><strong><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/\">Let&#8217;s block ads!<\/a><\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/github.com\/fivefilters\/block-ads\/wiki\/There-are-no-acceptable-ads\">(Why?)<\/a><\/p>\n<p>Source:: <a href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2016\/09\/12\/493568772\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud?utm_medium=RSS&amp;utm_campaign=business\" target=\"_blank\" title=\"Eddie Antar Dies At 68. Started Crazy Eddie Chain; Served Time For Fraud\" rel=\"nofollow\">http:\/\/www.npr.org\/sections\/thetwo-way\/2016\/09\/12\/493568772\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud?utm_medium=RSS&amp;utm_campaign=business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/thetwo-way\/2016\/09\/12\/493568772\/eddie-antar-dies-at-68-started-crazy-eddie-chain-served-time-for-fraud?utm_medium=RSS&amp;utm_campaign=business\"><img decoding=\"async\" width=\"150\" src=\"https:\/\/media.npr.org\/assets\/img\/2016\/09\/12\/ap_16255781815727_wide-e56dcebae0b3706093c3dae1a87546f9b676468a-s800-c15.jpg\" alt=\"\"><\/a><\/div>\n<div>\n<div><button>Enlarge this image<\/button><\/div>\n<div>\n<div>\n<p>In 1993, Eddie Antar, founder of the Crazy Eddie electronics store chain, is led in handcuffs after being extradited from Israel. Thousands of commercials starred pitchman Jerry Carroll who touted the chain&#8217;s prices as &#8220;insane.&#8221; <strong>Danield Hulshizer \/AP<\/strong> <strong>hide caption<\/strong><\/p>\n<\/div>\n<p><strong>toggle caption<\/strong> <span>Danield Hulshizer \/AP<\/span><\/div>\n<\/div>\n<p>If you ever saw a Crazy Eddie commercial, then you know the electronics retail giant&#8217;s prices were &#8220;insane!&#8221;<\/p>\n<p>At its height, the chain had 43 stores in four states. Eddie Antar started the chain in 1969 with a store in Brooklyn, N.Y. The chain&#8217;s growth was helped by the introduction of the VCR.<\/p>\n<p>In 1984, the chain went public. Stockholders, <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.npr.org\/sections\/money\/2011\/07\/11\/137632410\/the-tuesday-podcast-inside-the-mind-of-a-financial-criminal\">during a revolt in 1987<\/a>, took over the company, and shortly after that it was discovered that $45 million in merchandise was missing.<\/p>\n<p>At the same time, federal prosecutors had been building a fraud case against Antar, charging that he had defrauded shareholders through stock manipulation, according to <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.nytimes.com\/2016\/09\/12\/business\/eddie-antar-retailer-and-felon-who-created-crazy-eddie-dies-at-68.html?hpw&amp;rref=obituaries&amp;action=click&amp;pgtype=Homepage&amp;module=well-region&amp;region=bottom-well&amp;WT.nav=bottom-well&amp;_r=0\">The New York Times.<\/a><\/p>\n<p>In 1990, Antar fled to Israel after being indicted on securities fraud and insider trading.<\/p>\n<p>Three years later he was extradited back to the U.S. In 1995, his conviction on racketeering and stock fraud charges were overturned on appeal.<\/p>\n<p>He eventually served seven years in prison after pleading guilty in a plea bargain to one charge of racketeering conspiracy.<\/p>\n<p>Antar died on Saturday but a cause of death was not disclosed. He was 68.<\/p>\n<p>While Antar was the man behind Crazy Eddie, he was not the pitchman who appeared in commercials.<\/p>\n<p>For more than 13 years, Jerry Carroll, a radio DJ, was the man who starred in thousands of radio and TV ads.<\/p>\n<p>Carroll&#8217;s fast-talking, shout-at-you style made the commercials memorable.<\/p>\n<p>The ads always ended the same, with Crazy Eddie prices being touted as &#8220;in-SAAAANE!&#8221;<\/p>\n<p><strong><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/\">Let&#8217;s block ads!<\/a><\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/github.com\/fivefilters\/block-ads\/wiki\/There-are-no-acceptable-ads\">(Why?)<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-8915","post","type-post","status-publish","format-standard","hentry","category-business-2"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/8915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=8915"}],"version-history":[{"count":0,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/8915\/revisions"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=8915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=8915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=8915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}