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(2131)

Motley Fool Money: 07.02.2009

Motley Fool Money: 07.02.2009

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Motley Fool Money: 06.05.2009

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It was another good week for the market. Is it a sucker's rally or a real recovery? Are there still some bargains to be had? Will Google's new Wave swamp Facebook? What’s in store for Wal-mart and oth...

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Motley Fool Money: 05.22.2009

Motley Fool Money: 05.22.2009

Uncle Sam seizes and sells Florida’s BankUnited. The dollar continues its decline. And the SEC takes a closer look at just how, exactly, Bernie made off with billions. In this week’s Motley Fool Money...

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Motley Fool Money: 05.08.2009

Motley Fool Money: 05.08.2009

Does Uncle Sam get a passing grade on bank stress tests? Can Amazon’s new Kindle save the newspaper industry? Are McDonald’s new coffee drinks a serious threat to Starbucks? And is Marvel’s Squirrel G...

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Motley Fool Money: 05.01.2009

Motley Fool Money: 05.01.2009

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Motley Fool Money: 04.24.2009

Motley Fool Money: 04.24.2009

Amazon.com, Apple, and Netflix report better than expected earnings. What does the future hold? Will Ford’s earnings drive investors back to the automaker? And when a CEO uses profanity, does that hel...

24 Apr 200926min

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