OTHER NEWS - March 24, 1994
From Times Staff and Wire Reports
Crazy Eddie Founder Closer to Sentencing: The founder of the Crazy Eddie electronics chain turned over $52 million in foreign bank accounts as he faced sentencing in Newark, N.J., for defrauding investors. Eddie Antar signed papers identifying accounts in Israel and Switzerland holding the money. The Securities and Exchange Commission alleged that Antar had obtained the money through insider trading and transferred it to Israel.
