OTHER NEWS - May 2, 1994

Crazy Eddie Founder Sentenced: Former tycoon Eddie Antar was sentenced in a Newark, N.J., court to 12 1/2 years in prison for racketeering and stock fraud, more than four years after his Crazy Eddie electronics chain collapsed and he fled the country. Antar, who was convicted in July, was also ordered to repay $121 million to stockholders soaked in what authorities described as one of the country’s largest stock swindles. Antar, 46, has been jailed since his arrest in Israel in June, 1992. He was extradited to the United States in January, 1993. Antar’s brother, Mitchell, 38, was sentenced to 4 1/4 years in prison and ordered to pay $3 million in restitution. The siblings were accused of pocketing more than $80 million by selling stock they artificially boosted in value through inventory inflation and other schemes.