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)

Retail’s New Record and the Business of RVs

Retail’s New Record and the Business of RVs

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For the Class of 2020

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Sell in May and Go Away?

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An additional 4 million Americans file for unemployment as the total number of unemployed tops 30 million. The S&P 500 wraps up its best month since 1987. Amazon reports surging sales and rising costs...

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Chipotle’s Special Sauce, Netflix’s Big Number, DraftKings’ Latest Bet

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More than 4.4 million Americans file for unemployment as the total number of unemployed climbs to 26 million. Netflix adds 16 million subscribers for the quarter. Verizon loses subscribers and withdra...

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How Luck Made “Rock Around The Clock” a #1 Hit

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Rising Unemployment, Rising Investor Optimism

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More than 5 million more Americans file for unemployment as the monthly total surpasses 22 million. Abbott Labs gets a boost on optimism over its coronavirus testing. Gilead Sciences gets a boost on o...

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