Crazy Eddie Paid the IRS Every Cent. Then Wall Street Paid Him

Crazy Eddie's family hid cash in a radiator and a false ceiling for years. Then they started handing it over to the government, on purpose. The story runs from a storefront on Kings Highway in Brooklyn to the NASDAQ, a bank in Tel Aviv and a courtroom in Newark, 1969 to 1993. Along the way: Eddie Antar and his cousin Sam, the accountant the family raised, TV pitchman Jerry Carroll, the auditors of Main Hurdman, a buyer from Houston and a future Secretary of Homeland Security. So who actually pays when a crook decides to go honest? — CHAPTERS 0:00 The scream everyone knew 0:56 The shop on Kings Highway 2:38 Eight dollars a share 3:17 Pennies that aren't yours 4:18 The cousin who knew the numbers 5:21 Cash in the ceiling 8:20 Sam's math 12:09 When the stash ran out 16:32 A lie too good 19:35 Cash on delivery 21:20 David Jacob Levi Cohen 24:40 How to read "growth" 26:29 Count the boxes — SOURCES & FURTHER READING • Gary Weiss, "Retail Gangster: The Insane, Real-Life Story of Crazy Eddie", Hachette Books, 2022 • U.S. Securities and Exchange Commission, "SEC v. Eddie Antar, et al., Litigation Release No. 15008", 1996 • U.S. Court of Appeals for the Third Circuit, "United States v. Antar, 53 F.3d 568", 1995 • UPI, "Israeli police arrested Eddie Antar, the fugitive U.S. businessman", 1992 • The Christian Science Monitor, "'Crazy Eddie' Fights Extradition From Israel", 1992 • Worth, "Why the CFO of a Famously Corrupt Company From the 1980s Is Working for the Government", 2016 • The Hustle, "The Popular Electronics Chain That Scammed America" — IMAGE & FOOTAGE CREDITS Via Wikimedia Commons and other free archives: • "Baruch College Banners" — Eden, Janine and Jim from New York City, CC BY 2.0: https://commons.wikimedia.org/w/index... • "23rd Street Baruch College Station Sign 001" — Kidfly182, CC BY 4.0: https://commons.wikimedia.org/w/index... • "Bank Leumi Building in Jerusalem Boulevard, Jaffa" — Avi1111 dr. avishai teicher, CC BY 3.0: https://commons.wikimedia.org/w/index... • "PikiWiki Israel 3787 Supreme Court Building" — shifra levyathan, CC BY 2.5: https://commons.wikimedia.org/w/index... • "DOJ building corner Washington DC 2025-02-07 13-25-05 1" — G. Edward Johnson, CC BY 4.0: https://commons.wikimedia.org/w/index... • "DOJ sign Washington DC 2025-02-07 13-28-00 1" — G. Edward Johnson, CC BY 4.0: https://commons.wikimedia.org/w/index... • "Martin Luther King Building & U.S. Courthouse" — ajay_suresh, CC BY 4.0: https://commons.wikimedia.org/w/index... Public domain, courtesy of: Carol M. Highsmith; Suzanne Szasz; U.S. Securities and Exchange Commission (SEC); Photo by Barry Bahler/DHS photo. Stock footage: Pixabay, Unsplash. License texts: CC BY 2.0 https://creativecommons.org/licenses/... CC BY 4.0 https://creativecommons.org/licenses/... CC BY 3.0 https://creativecommons.org/licenses/... CC BY 2.5 https://creativecommons.org/licenses/... — Honest Lies - ep-11 Built from open sources you can check yourself — nothing made up. Images thanks to Wikimedia Commons, Pixabay and Unsplash. Some illustrations are AI-generated reconstructions, not photographs — used only where no archival image exists. Music: original tracks made for this channel. Thank you for watching, and for being here. #Fraud #Brooklyn #NewJersey #HonestLies