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)

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The Keys to Crucial Conversations

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The New Future of Education

The New Future of Education

The Fed announces a new $2.3 trillion program to boost the economy. Another 6.6 million Americans file for unemployment. Shares of Zoom Video fall on security concerns. And Disney+ surpasses 50 millio...

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Losing Weight and the Power of Scale

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Trying to lose weight? Might be time to change the scale. Dan Ariely, professor of psychology and behavioral economics at Duke University, offers up some weighty advice on losing weight. Learn more ab...

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$350 Billion and 10 Million

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How Corporations are like Teenagers

How Corporations are like Teenagers

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Record Stimulus, Record Unemployment, Volatile Market

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Congress passes a $2 trillion-dollar stimulus. A record 3.3 million Americans file for unemployment. The Federal Reserve cranks up lending. And the stock market has its best 3-day gain since 1931.  Mo...

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How Napping Makes You Smarter

How Napping Makes You Smarter

Working hard? That’s great. But if you want to avoid burnout then Daniel Levitin, professor of psychology and behavioral neuroscience at McGill University and best-selling author, has a tip to help ev...

24 Mars 20202min

Navigating the Crisis

Navigating the Crisis

New York and California order nearly all residents to stay home. The government pushes back the tax filing deadline. And the stock market  has another rough week. How should investors navigate the cor...

20 Mars 202042min

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