Crazy Eddie: His prices were insane because it was all a criminal operation


If you lived in the New York metropolitan area in the 1980's, you couldn't avoid the advertisements for electronics store Crazy Eddie. What I didn't realize until now was that the retail establishment was a criminal operation from day one. Sam Antar, Crazy Eddie CFO, and nephew of company namesake Eddie Antar, talks us through the entire operation in this riveting interview. Along the way, you'll learn why it was at first advantageous to under-report revenues, then later why it became advantageous to return the unreported money back to the system.

Unexpected skill you develop as a money launderer: You can look at a bag and immediately calculate how much cash will fit in it.

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Comments (5)
  1. Worf says:

    Given the majority of people on this continent may have heard about Crazy Eddie and the prices, but never seen one of his stores…

    Were they really that great? (You may have to provide some context… I can’t remember electronics shopping in the 80s)

  2. Eoin O'Riordan says:

    "Part 3 of the two-part series."??

    :-)

    looking forward to part 4!

  3. Kevin Eshbach says:

    I remember watching the Crazy Eddie commercials during the 80’s as a kid and the first thought in my head was how is this guy staying in business with such ridiculous prices.  Fast forward 20 years and I found it he was just a scammer.

  4. The Borg says:

    And here I was thinking this was going to be a reference to "The Mote In God’s Eye"… :)

  5. Gabe says:

    Who knew that protection rackets are 1000 years old?

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