Crazy Eddie was an American consumer electronics corporation originally headquartered in Brooklyn, New York. The company did business in several forms. The first, and what would eventually become the most famous and infamous of the three, was a chain of retail stores located in New York, New Jersey, Connecticut, and Pennsylvania, which also sold by telephone. The second was a venture that began as a retail outlet, but was eventually reorganized as an Internet and telephone enterprise. The third and most recent, was an online and purchase over the phone company. As of 2016, none of the three Crazy Eddie ventures are conducting business.

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  • Crazy Eddie was an American consumer electronics corporation originally headquartered in Brooklyn, New York. The company did business in several forms. The first, and what would eventually become the most famous and infamous of the three, was a chain of retail stores located in New York, New Jersey, Connecticut, and Pennsylvania, which also sold by telephone. The second was a venture that began as a retail outlet, but was eventually reorganized as an Internet and telephone enterprise. The third and most recent, was an online and purchase over the phone company. As of 2016, none of the three Crazy Eddie ventures are conducting business. Crazy Eddie was started during 1971 in Brooklyn, New York by businessmen Eddie Antar and Sam M. Antar as ERS Electronics, named after Eddie, his cousin and partner Ronnie Gindi, and Eddie's father Sam. The chain became important throughout the tri-state area as much for its prices as for its memorable radio and television commercials, featuring a frenetic, "crazy" character played by radio announcer Jerry Carroll, who copied most of his act from early television-commercial actor, used car and electronics salesman Earl "Madman" Muntz. At its height, Crazy Eddie had 43 stores in the chain, and earned more than $300 million in sales. Involved in fraudulent business practices, Eddie Antar resigned from the company in December 1986. Crazy Eddie's board of directors lost control of the company in November 1987 after a proxy battle with a group directed by Elias Zinn and Victor Palmieri, known as the Oppenheimer-Palmieri Group. The entire Antar family was immediately eliminated from the business. The new owners quickly discovered the true extent of the Antar family's fraud, but were unable to stop Crazy Eddie's decreasing fortunes. In 1989, the company declared bankruptcy and was liquidated. In February 1990, Antar fled to Israel, but was returned to the United States in January 1993 for trial. His 1993 conviction on fraud charges was overturned, but he eventually pleaded guilty in 1996. In 1997, Antar was sentenced to eight years in prison and paid large fines. He was released from prison in 1999. Antar died at the age of 68 on September 10, 2016. (en)
dbo:extinctionYear
  • 1989-01-01 (xsd:date)
  • 2005-01-01 (xsd:date)
  • 2012-01-01 (xsd:date)
dbo:fate
  • Bankruptcy (en)
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dbo:foundingYear
  • 1971-01-01 (xsd:date)
  • 1998-01-01 (xsd:date)
  • 2009-01-01 (xsd:date)
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  • 248863 (xsd:integer)
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  • 744872010 (xsd:integer)
dbp:caption
  • "His prices are INSANE!"
dbp:keyPeople
  • Eddie Antar, Co-founder, President and CEO
  • Sam E. Antar, CFO
  • Sam M. Antar, Co-founder
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  • Crazy Eddie was an American consumer electronics corporation originally headquartered in Brooklyn, New York. The company did business in several forms. The first, and what would eventually become the most famous and infamous of the three, was a chain of retail stores located in New York, New Jersey, Connecticut, and Pennsylvania, which also sold by telephone. The second was a venture that began as a retail outlet, but was eventually reorganized as an Internet and telephone enterprise. The third and most recent, was an online and purchase over the phone company. As of 2016, none of the three Crazy Eddie ventures are conducting business. (en)
rdfs:label
  • Crazy Eddie (en)
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foaf:name
  • Crazy Eddie (en)
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