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"Crazy Eddie" Antar was accussed of all kinds of fraudulent business practices. One accussation was that he did sell at the lowest prices - even if he took a loss. That was a scheme to defraud his suppliers. His sales volume grew so quickly that his credit was far greater than his payments. He had $7 million in cash when he suddenly disappeared and left the country. Eventually he returned to the USA and in 1992. Eddie Antar finally pled guilty in 1996 for conspiracy and racketeering and spent seven years in prison. |
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