screenersam
I hate motrbro
The popular electronics chain that scammed America
Crazy Eddie boasted some of the most impressive retail sales in the country. But its owner was more interested in conducting a brazen fraud.
thehustle.co
Every night starting at 10:30, Crazy Eddie store managers descended on the Brooklyn home of Antar’s uncle (also named Eddy). They came with bags full of cash, checks, and receipts.
Antar’s uncle used the cash to pay off expenses and then put the rest in a briefcase. When the briefcase got too full, he stored the cash under a radiator. And when there was no more room under the radiator, he started bringing the money to Antar’s father’s house, where he hid as much as $3.5m — ~$11m today — in a false ceiling.
Eddie Antar kept close tabs, usually calling his uncle twice a day to see how much money they were skimming. A family member later said Eddie Antar received ⅔ of the skimmed cash and Sam M. Antar, his father, the other third.
The skimming strategy allowed Antar to not only hoard cash but also evade sales taxes. His employees were also paid off the books so Crazy Eddie could avoid payroll taxes.
anyone making that much money that fast is usually cheating somehow.
anyone remember?