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Crazy Eddie and the Art of Stock Fraud

Crazy Eddie and the Art of Stock Fraud

FromMotley Fool Money


Crazy Eddie and the Art of Stock Fraud

FromMotley Fool Money

ratings:
Length:
29 minutes
Released:
Oct 23, 2022
Format:
Podcast episode

Description

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
Released:
Oct 23, 2022
Format:
Podcast episode

Titles in the series (100)

Join host Chris Hill and a panel of Motley Fool investment analysts each week as they cover the week’s top business news and financial headlines, while breaking down the stock market implications for investors. Plus, interviews with best-selling authors, industry experts, and an inside look at stocks on our radar. New episodes available every Friday.