Eddie Antar | Crazy Eddie owner, 68
Eddie Antar, 68, who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges, died Saturday, the Bloomfield-Cooper funeral home in Ocean Township, N.J., confirmed Sunday. A cause of death wasn't disclosed.
Eddie Antar, 68, who turned the Crazy Eddie electronics stores into a retail giant before it collapsed amid federal fraud charges, died Saturday, the Bloomfield-Cooper funeral home in Ocean Township, N.J., confirmed Sunday. A cause of death wasn't disclosed.
The Crazy Eddie chain was known for its ads featuring a maniacal pitchman who touted "Our prices are insane!"
Mr. Antar started working in Brooklyn, and the chain eventually grew into 43 stores. But he fled to Israel after being indicted on charges of securities fraud and insider trading.
He was extradited to the United States in 1993 and was found guilty of racketeering and stock fraud. That conviction was overturned in 1995. He eventually pleaded guilty to federal fraud charges and served a prison term. - AP