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

Avsnitt(2095)

$5.5M for One Ad?

$5.5M for One Ad?

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Hot IPOs, Big Banks, and Twilio CEO Jeff Lawson

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Adam Grant on Finding Leaders Outside Their Comfort Zone

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Does having deep expertise automatically ensure a leader will be great? Adam Grant, author of The New York Times bestseller Originals: How Non-Conformists Move the World, explains how the ability to g...

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Wall Street Reacts, CES Preview

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When a company in your portfolio holds a conference call with analysts, is the call in the morning or afternoon? As best-selling author Dan Pink writes in his book When: The Scientific Secrets of Perf...

5 Jan 20213min

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