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All Aboard for Country Fair Day
O C T O B E R 8 , 19 8 0 BULK U S POSTAGE PAID NEW BRUNSWICK ‘^ S s ? Si.c . N.J. 08901 * < v (V. ‘ PERMIT NO. 576 \ * ° 3 * 1 0 V O L . 8 7-4 1 25 c All aboard for country fair day METUCHEN — About 135 non-profit The five finalists of the Miss Merry organizations have reserved approximately Christmas contest, for which balloting will 185 booth spaces for the 17th Annual Country take place in chamber member stores Fair on Saturday. Rain dates are Oct. 18 and within the next few weeks, will be introduc SUNDAY,OCT. 19, 80 25. ed at the fair. They are Lisa Bonanno, The theme of this year’s fair, which is Christine DiNicola, Denise Hamilton, Sue sponsored by the Metuchen Area Chamber Peterson and Maria Reilly. All are seniors of Commerce, is “Railroads.” and Amtrak at Metuchen High School. is providing its nationally-traveled Amtrak Day-long entertainment will be provided EDUCATION safety van which will be on dispaly in the by the Country Promenaders, Joy Dancing college center Building New Street parking lot in the downtown and Gymnastics of the Metuchen-Edison Middlesex countv college business area. Amtrak also will provide YMCA, and a gymnastic exhibition by Edison,New jersey disposable railroad hats. Wieders Gym. In addition to a wide variety • UNIVERSITIES Martin D. Jessen of Arnolt Bros., one of of ethnic foods, handcrafted items, plants, the originators of the annual fair, will again games and exhibitions, there will be kiddie • C O L L E G E S chair the event. -
Classic Case Studies in Accounting Fraud”
“Classic Case Studies in Accounting Fraud” A thesis submitted to the Miami University Honors Program in partial fulfillment of the requirements for University Honors. by Justin Matthew Mock May 2004 Oxford, Ohio ABSTRACT “Classic Case Studies in Accounting Fraud” by Justin Matthew Mock Over the past several years, accounting fraud has dominated the headlines of mainstream news. While these recent cases all involve sums of money far in excess of any before, accounting fraud is certainly not a new phenomenon. Since the early days on Wall Street, fraud has consistently fooled the markets, investors, and auditors alike. In this thesis, an analysis of several cases of accounting fraud is conducted with background information, fraud logistics, and accounting and auditing violations all subject to study. This paper discusses specific cases of fraud and presents the issues that have been and must continue to be addressed as companies push the envelope of acceptable accounting standards. The discussion and findings demonstrate the ever-present potential for fraud in a variety of accounts, companies, industries, and time periods, while also having a powerful influence on an auditor’s work and preconceptions going forward. iii iv “Classic Case Studies in Accounting Fraud” by Justin Matthew Mock Approved by: _________________________, Advisor Dr. Phil Cottell _________________________, Reader Dr. Larry Rankin _________________________, Reader Mr. Jeffrey Vorholt Accepted by: __________________________, Director, University Honors Program v vi ACKNOWLEDGEMENTS “Classic Case Studies in Accounting Fraud” was completed under the direction of the Miami University Honors Program. The Honors Program provided financial support essential to the project’s research and successful completion. -
NYBOT Simulates Trading
iPod accessories reviewed, plus a chance to win some for yourself! Page 16. theBARUCH COLLEGE, THE ticker CITY UNIVERSITY OF NEW YORK VOLUME 90 • ISSUE 6 WWW.THETICKER.ORG OCTOBER 16, 2006 Students NYBOT simulates trading Few Italian- BY GLENN GEIS Americans praised BUSINESS EDITOR Trading futures contracts, like hired in sugar, never seemed as exciting by Fed or intense as it was at the Finance and Economic Society’s spon- CUNY sored event, where members from governor the New York Board of Trade (NY- BY PETER JOHN SIPSAS BOT) simulated an actual trading STAFF WRITER BY TABASSUM ALI session. Th e fourth annual event, STAFF WRITER which took place at the Subot- A recent panel, mandated by nick Center in the Library Build- the settlement of a class-action Fredric Mishkin, New York ing, kicked off with lots of food civil rights suit, concluded that Federal Reserve Governor, deliv- and mingling between Baruch there are not many Italian-Amer- ered a speech on Globalization on students. After an introduction by icans in the City University of Th ursday at Baruch College. His Professor Holowczak of the Subot- New York’s faculty. Local leaders speech was the part of Weissman nick Center, members of the NY- in the Italian-American commu- Center Distinguished Lecture Se- BOT rushed the room with a blast nity are criticizing CUNY for the ries. His remarks, although didn’t of energy that had some fi rst-time report. address the monetary policy out- students intrigued and somewhat Th e court case dates back to look, were his fi rst since being scared. -
Crazy Eddie, Inc. (Exact Name of Registrant As Specified in Its Charter) Delaware 5732 11-2667288 (State Or Other Jurisdiction (Primary Standard Industrial (L.R.S
. As filed with the Sccurilics and Exchange Commission on March U, 1985 Registration No. 2-96148 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Crazy Eddie, Inc. (Exact name of registrant as specified In Its charter) Delaware 5732 11-2667288 (State or other jurisdiction (Primary Standard Industrial (l.R.S. Employer of incorporation or organization) Classiftcatlon Code Number) ldentiftcatlon No.) 2845 Coney Island A venue Brooklyn, New York 11235 (718) 934-0100 (Address, including zip code, and telephone number, Including area code, of registrant's principal executive offices) SOLOMON E. ANTAR, ESQ., GENERAL COUNSEL Crazy Eddie, Inc. 2845 Coney Island Avenue Brooklyn, New York 11235 (718) 934-0100 (Name, address, Including zip code, and telephone number, Including area code, of agent for service) Copies to: JAMES L. PURCELL, ESQ; ROGER ANDRUS, ESQ. Paul, Weiss, Rifkind, Cahill Gordon & Reindel Wharton & Garrison 80 Pine Street 345 Park A venue New York, New York 10005 New York, New York 10154 (212) 701-3000 (212) 644-8000 Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. D CALCULATION OF REGISTRATION FEE :.. Proposed maxJmum Proposed maxJmum Title of each class of securities Amount to offering price aggregate Amount of to be registered be registered per unit(l) offering price(l) registration fee Common Stock, par value $.01 per share .................. -
Brett Reeves, Writing Sample Written for a Nonfiction Book on Financial Crime Copyright, Obsidian Press
Brett Reeves, Writing Sample Written for a nonfiction book on financial crime Copyright, Obsidian Press Frankensteins of Fraud CHAPTER 7 “The Antar Complex: Eddie Antar” There’s a scene in the movie Splash when the mermaid, played like a fish out of water by Darryl Hannah, wanders into Bloomingdale’s. Unsure about her new surroundings, the winsome blonde parks herself in front of a wall of television sets. A man’s face on 20 screens is raging while the mermaid tests the glass with her long, white fingers. “I’M INSANE!” the man yells. He rends his clothes. “HOW CAN I OFFER THESE PRICES?” His cheeks are inflamed. He’s gyrating his hands and whiplashing his neck. “BECAUSE I’M CRAZY EDDIE! I’M TOTALLY NUTS! I’M INSA-A-A-A-A-ANE!” The mermaid is frightened. In his heyday Crazy Eddie became a fixture of the tristate area, rivaled only by Lady Liberty herself for instant recognition. Everybody knew Crazy Eddie. Crazy Eddie’s Electronics Emporia commanded the market for stereos, CB radios, telephones, televisions, not to mention appliances and jewelry, plus the very latest in trendy gadgets, such as personal computers with 512 kilobytes of internal memory. Crazy Eddie’s Record and Tape Asylums housed acres of entertainment choices. If it ran electronically Eddie sold it for the cheapest prices known to man. But Crazy Eddie was a fake. Literally. That face in the pixels belonged to a balding Irish actor named Jerry Carroll. The Eddie Antar monster was someone else entirely, a black-bearded misanthrope with an ego as large as his bankroll. -
SEC News Digest, 07-19-1990
Issue 90-139 July 19, 1990 CHANGE IN THE MEETING: ADDITIONAL ITEMS The following additional item will be considered at the open meeting scheduled for Thursday, July 25, at 9:30 a.m. Consideration of two proposed changes to its rule SOA submitted by the New York Stock Exchange, to impose conditions on the execution of index arbitrage orders or transactions in New York Stock Exchange stock baskets whenever the Dow Jones Industrial Average moves up or down fifty points from the previous day's close. FOR FURTHER INFORMATION, PLEASE CONTACT: Mark McNair at (202) 272-2882. AT TIMES CHANGES IN COMMISSION PRIORITIES REQUIRE ALTERATIONS IN THE SCHEDULING OF MEETING ITEMS. FOR FURTHER INFORMATION AND TO ASCERTAIN WHAT, IF ANY, MATTERS HAVE BEEN ADDED. DELETED OR POSTPONED, PLEASE CONTACT: Daniel Hirsch at (202) 272·2100. TASK FORCE ON ADMINISTRATIVE PROCEEDINGS Chairman Richard C. Breeden announced today the creation of a Commission Task Force on Administrative Proceedings. The Task Force will review the rules and procedures relating to administrative proceedings brought before the Commission. Chairman Breeden has named 'COIB1Ssioner Mary L. Schapiro to chair the Task Force. which will include representatives from the Office of the Administrative Law Judges, the Office of the General Counsel. the Division of Enforcement. the Regional Offices and the Office of the Secretary. The Task Force will examine the rules and procedures governing the Commission's administrative process. The Task Force will consider whether any new rules or procedures may be appropriate to improve the effectiveness of the administrative process and whether litigants have adequate information concerning the Commission's processes. -
The Crazy Eddie Fraud Horizontal Analysis Shares 5796 27664 31204
The Crazy Eddie Fraud Horizontal Analysis Crazy Eddie Consolidated Statement of Operations In thousands except for share data Year Ended Year Ended Change Year Ended Change Year Change Ended 03/03/85 03/03/86 85-86 03/01/87 86-87 02/23/88 87-88 Net Sales 8167,147 $262,268 56.91% $352,523 34.41% $315,339 (10.49)% Cost of Goods Sold 127.619 194.371 5231% 272.255 40.07% 346.791 2738% Gross profit 39,528 67,897 71.77% 80,268 18.22% (31,252) (138.93)% Selling, general & administrative expense 26.431 42.975 62.59% 61341 42.74% 96.195 56.82% Operating Income 13,097 24,922 90.29% 18,927 (24.06)% (127,447) (77336)% Other income 1,418 3,210 126.38% 7,403 130.62% Interest expense {5721 £2221 4336% (5.233^ 538.17% 14.12% Income before pension Contribution and income taxes 13,943 27,312 95.88% 21,097 (22.76)% (133,419) (732.41)% Pension contribution 600 800 3333% 500 (37.5)% Income before income taxes 13343 26,512 98.70% 20,597 (2231)% (133,419) (747.76)% Income taxes 6,276 13J268 90.19% 10.001 (24.62)% (243211 (343.19)% Net income 86367 $13.244 108.01% $10.596 (19.99)% ($109.098^ (1129.61)% Earnings per share $1.10 $0.48 -5636% $034 (29.17)% ($3.52) (1135.29)% Weighted average number of shares 5,796 27,664 31,204 30,957 Source: Crazy Eddie Annual Report 1985.1988, Securities and Exchange Commission. -
Lenox Hill Calls End to Solo
20091005-NEWS--0001-NAT-CCI-CN_-- 10/2/2009 7:51 PM Page 1 INSIDE REPORT TOP STORIES REAL ESTATE International Deal drought brings perfumeries sniff brokers era of more work for less pay out space on ® Madison Ave. PAGES 13-20 PAGE 3 This year’s VOL. XXV, NO. 40 WWW.CRAINSNEWYORK.COM OCTOBER 5-11, 2009 PRICE: $3.00 marathon attracts more Lenox Hill runners, more TV calls end PAGE 2 Forget the Dow. to solo act Why taxi medallions are a hot investment Hospital issues IN THE MARKETS, PAGE 4 RFP for merger, Guess it’s never too affiliation: three early: Let the 2013 are interested mayoral race begin BY BARBARA BENSON THE INSIDER, PAGE 8 after years of struggling financially, Lenox Hill Hos- pital—one of the last inde- buck ennis pendents in the city—is fi- COST-CUTTING: Layoffs and more haven’t put Lenox Hill in the black. nally throwing in the towel. It has issued a request for proposals in the hope of ar- the New York area—North SMOKE AND ranging either a merger or an Shore-Long Island Jewish MIRROR: Former affiliation with one of its Health System, New York- felon and Crazy Eddie stronger rivals, according to Presbyterian and NYU Lan- CFO Sam E. Antar four sources with knowledge gone Medical Center—are of the matter. in the early stages of explor- While Lenox Hill has ing Lenox Hill’s offer. North BUSINESS LIVES been open to affiliation talks Shore-LIJ and New York- GOTHAM GIGS for some time,this marks the Presbyterian declined to Selling magazines ain’t first time it has gone so far as comment. -
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT of NEW YORK ------X SILVIA SEIJAS, Et Al, : 04 Civ
Case 1:04-cv-00400-TPG Document 333 Filed 10/03/16 Page 1 of 4 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------------------------------------------x SILVIA SEIJAS, et al, : 04 Civ. 400 (TPG) Plaintiffs, : -against- : : THE REPUBLIC OF ARGENTINA, : Defendant. : ----------------------------------------------------------------------x SILVIA SEIJAS, et al, : 04 Civ. 401 (TPG) Plaintiffs, : -against- : : THE REPUBLIC OF ARGENTINA, : Defendant. : ----------------------------------------------------------------------x CESAR RAUL CASTRO, : 04 Civ. 506 (TPG) Plaintiff, : -against- : : THE REPUBLIC OF ARGENTINA, : Defendant. : ----------------------------------------------------------------------x HICKORY SECURITIES LTD., : 04 Civ. 936 (TPG) Plaintiff, : -against- : : THE REPUBLIC OF ARGENTINA, : Defendant. : ----------------------------------------------------------------------x DECLARATION OF SAUL ROFFE IN SUPPORT OF AN AWARD OF FEES AND REIMBURSEMENT OF COUNSEL’S LITIGATION EXPENSES Saul Roffe Law Offices of Saul Roffe, Esq. 52 Homestead Circle Marlboro, NJ 07746 (732) 616-1304 [email protected] Case 1:04-cv-00400-TPG Document 333 Filed 10/03/16 Page 2 of 4 I, SAUL ROFFE, hereby declare and state as follows pursuant to 28 U.S.C.§1746: 1. I am a currently a sole practitioner, a member of the law firm of Sirota & Sirota LLP (“Sirota”), which ceased operations in 2007, and an attorney licensed to practice law in New York and New Jersey, and before this Court. Sirota was appointed co-lead counsel in these actions, and, pursuant to an agreement by and between the members of Sirota dated June 24, 2012, I and my firm are successors in interest to Sirota & Sirota LLP in this action, and have acted as co-lead counsel in Sirota’s stead since then. I am fully familiar with the facts and circumstances had herein. -
The Crazy Eddie Fraud Confessions of a White-Collar Criminal
Whitecollarfraud.com The Crazy Eddie Fraud Confessions of a White-Collar Criminal By: Sam E. Antar Updated as of: 09/21/2014 Website: www.whitecollarfraud.com Blog: www.whitecollarfraud.blogspot.com Twitter: www.twitter.com/samantar Linkedin: www.linkedin.com/in/samantar © Copyright by Sam E. Antar. All rights reserved. Table of Contents Whitecollarfraud.com ..................................................................................................................... 0 The Early Years .............................................................................................................................. 3 The Crazy Eddie "Culture" ............................................................................................................. 5 How Crazy Eddie was able to discount consumer electronics ....................................................... 6 Cash skimming and paying employees "off the books" .............................................................. 6 "Bait and Switch" sales practices ................................................................................................ 6 Selling used and defective merchandise as brand new products ................................................. 7 Crazy Eddie Relentless Advertising Campaign .............................................................................. 8 The Crazy Eddie Fraud ................................................................................................................. 13 Three Easy Steps from Skimming Profits to Accounting Fraud,