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(2094)

Getting Rich vs. Staying Wealthy

Getting Rich vs. Staying Wealthy

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Why You Make Bad Decisions About Money

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Ok, it’s not just you. It’s all of us. Why do human beings tend to make bad decisions when it comes to spending money? According to Dan Ariely, best-selling author and professor of psychology and beha...

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TikTok Deals, Investing in Real Estate

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Microsoft and Walmart team up to pursue TikTok. Salesforce reports a record quarter. Workday gets the job done. Okta hits an all-time high. Best Buy gets a big boost from online sales. Ulta Beauty sur...

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Change One Word to Win Support For Your Idea

Change One Word to Win Support For Your Idea

Looking to get support for your ideas? Dr. Robert Cialdini, author of the best-selling book Influence: The Psychology of Persuasion, recommends using a key word when making the request.   Learn more ...

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Retail Records, Home Improvement Highs, and Pro Sports

Retail Records, Home Improvement Highs, and Pro Sports

Walmart reports big earnings and big growth in e-commerce. Target surges on record same-store sales growth. Home Depot and Lowe’s hit all-time highs. Uber and Lyft attempt to navigate regulatory conce...

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How Good is Your Investing Behavior?

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Award-winning writer Morgan Housel shares how behavior can have a greater impact on your financial life than investing skills. His book The Psychology of Money: Timeless Lessons on Wealth, Greed, and ...

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Fortnite vs. Apple and the Future of Malls

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Simon Property Group talks with Amazon about mall-based distribution centers. Microsoft announces plans to sell a $1,400 foldable phone. Marriott rises despite reporting its first quarterly loss in mo...

14 Aug 202039min

David Bowie, Financial Genius

David Bowie, Financial Genius

The late, great David Bowie was not just one of the most influential musicians of the past 50 years. He was also brilliant at hedging financial risk. In her book An Economist Walks Into A Brothel: And...

11 Aug 20202min

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