Crazy Eddie and the Art of Stock Fraud

Crazy Eddie and the Art of Stock Fraud

Spotting a stock fraud is extremely difficult, but finding some smoke is significantly easier. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. After going public in the 1980s, the stock became nearly a ten-bagger before investigators found it to be a fraud. Investors may not have suspected that the retailer boosted profit margins by manipulating a cash skim, but there were some other signs that the soaring stock price didn’t tell the whole story. Ricky Mulvey talked with Gary Weiss, author of “Retail Gangster: The Insane, Real-Life Story of Crazy Eddie” about: - Why investors bought into Eddie Antar’s hype - How criminals save money on sales tax - The eventual downfall of Crazy Eddie Host: Ricky Mulvey Guest: Gary Weiss Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(2103)

Inside China’s Economic Woes

Inside China’s Economic Woes

A real estate bankruptcy shakes confidence in China and consumers across the globe focus on lower-priced items.  (00:21) Ron Gross and Emily Flippen discuss: - Why the consumer focus on groceries and...

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Grab Your Groceries

Grab Your Groceries

More of us are going to Walmart, but Aldi just made a big move that has put it on the radar of Big Grocery. Bill Barker and Deidre Woollard discuss: - Whether Walmart is learning from grocers or groc...

17 Aug 202319min

Two Sides of Retail

Two Sides of Retail

Cava delivers some spicy results in its first earnings report and Target and TJX are on the opposite sides of retail trends.  (00:21) Jason Moser and Dylan Lewis discuss: - Cava’s stellar first earn...

16 Aug 202317min

2 Short 2 Furious

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Michael Burry, the investor featured in “The Big Short,” made a major bet against market indexes. Are investors due for a sequel of the Great Financial Crisis? (00:13) Ricky Mulvey and Asit Sharma dis...

15 Aug 202319min

PayPal Finally Finds Its New Chief

PayPal Finally Finds Its New Chief

PayPal finds its new leader over at Intuit; can he make this fintech shine again? Jason Moser and Deidre Woollard discuss: - Dan Schulman’s report card as a CEO. - What Alex Chriss might, or might no...

14 Aug 202324min

Revisiting Crypto and Meme Stocks

Revisiting Crypto and Meme Stocks

Bitcoin was supposed to be unrelated to the stock market, act as a hedge against inflation, and serve as a currency for private transactions. Maybe, it’s just a volatile store of value. Is that so bad...

13 Aug 202327min

Mailbag: Commercial Real Estate, Personal Finance, and International Investing

Mailbag: Commercial Real Estate, Personal Finance, and International Investing

Answering some of the questions you’ve emailed us at podcasts@fool.com. We’ve also got a listener hotline! Leave us a voicemail with your question at 703-254-1445. - (1:04) Will there be a commercial...

12 Aug 202332min

$1 Trillion in Credit Card Debt

$1 Trillion in Credit Card Debt

The margin of safety for household spending keeps shrinking.  (00:21) Jason Moser and Matt Argersinger discuss: - What the producer price index is saying about the cost of goods and services. - Ameri...

11 Aug 202339min

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