Crazy Eddie controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1993
Eddie Antar fraud prosecution
After fleeing to Israel and returning to the United States, Antar was convicted of fraud. The conviction was later overturned on appeal, but he pleaded guilty in 1996 and received an eight-year sentence in 1997.
1987
Accounting, tax, and inventory fraud
Published accounts describe concealed income, skimmed receipts, off-the-books payroll, foreign transfers, overstated inventory, and manipulated financial reporting. After the 1987 takeover, reviewers identified a large inventory shortfall.
1987
Federal and SEC investigations
A federal grand jury and the Securities and Exchange Commission investigated the company's finances and alleged securities-law violations by officers and employees.