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

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Schwab Is Not SVB

Schwab Is Not SVB

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The EV Truck War Is Officially On

The EV Truck War Is Officially On

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A Marketplace of Ideas

A Marketplace of Ideas

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Hand-Wavy Finance

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S&P 500 companies mentioned “artificial intelligence” more than 1,000 times in the latest quarter, which is more than double from last year. Ricky Mulvey and Anand Chokkavelu took a look at the techn...

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Big Banks Cash In

Big Banks Cash In

If you bank with the one of the giants, you might be helping pad their bottom line.  (00:21) Jason Moser and Matt Argersinger discuss: - Why they’re watching margins and inventory levels this earning...

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Travel Is Still Flying High

Travel Is Still Flying High

Another positive sign for the travel industry as Delta raises guidance. (00:21) Bill Barker and Deidre Woollard discuss: - The surge in international travel and where Delta’s next revenue bump could ...

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One Step Closer to a $69B Deal

One Step Closer to a $69B Deal

The FTC failed to prove the Microsoft/Activision Blizzard deal would substantially lessen competition, which means blockbuster acquisition might come together before next week’s deadline.  (00:21) Bi...

12 Juli 202325min

Prime Shoppers Spend More

Prime Shoppers Spend More

Amazon can expect $13 billion in Prime Day sales, but what does that mean for a $1.3 trillion company? (00:21) Ricky Mulvey and Jason Moser discuss: - The services that Amazon wants shoppers to notic...

11 Juli 202329min

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