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(2095)

Election Drama and New All-Time Highs

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Theranos promised the world a breakthrough in blood-testing technology, until everything came crashing down in early 2018. Alex Gibney, director of the award-winning documentary The Inventor: Out For ...

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Chocolate Secrets from Inside Mars

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Apple unveils its new iPhones. Fastly falls on TikTok concerns. United Airlines CEO predicts flying won’t return to normal until 2024. Amazon reports that third-party sellers brought in $3.5 billion o...

16 Okt 202039min

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Even before he became CEO of Apple, Tim Cook was known as a steady operator who was both thoughtful and, at times, cautious. Best-selling author Leander Kahney shares how joining Apple in the late 199...

13 Okt 20203min

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