Cassie Angelucci 9/21/14 Crazy Eddie Fraud Case Eddie Antar came from a low rent neighborhood in Brooklyn from a family of merchants. Growing up poor he had dreams and aspirations of becoming a household name. At the age of 20 years old‚ Antar opened up his very first store‚ Crazy Eddie. Crazy Eddie was an electronics store that specialized in low prices and a party atmosphere. The business did very well in its startup years and began to grow. Not long after Antar opened up his first store‚ he
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In Crazy Eddie Case‚ a former CPA‚ Sam E. Antar‚ was a key individual who helped Eddie Antar mastermind one of the largest securities frauds uncovered during the 1980s. Sam admitted that he had no empathy whatsoever for investors because he never concerned about morality or the suffering of those victims. Next I’ll analysis Crazy Eddie Case from ethical perspective and use Ethical Decision Making Model to evaluate Sam’s possible behaviors. 1. Frame the ethical issue: Should Sam join his cousin
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Eddie Antar‚ the CEO of the Crazy Eddie Discount Electronics Chain. In 1993 Eddie was convicted for an $80 million stock fraud and after that his business collapse. Before the company went public in 1984 Eddie and two brothers were accused of putting together a scheme and inflated the value of the company. In 1990 Mr. Antar was on the run because the government charged‚ off millions and they found him in June 1992 in Israel then they extradited back to the United States. When Antar was 45 years old
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1) The following table provides key financial ratios for Crazy Eddie during the period 1984-1987: | |1987 |1986 |1985 |1984 | |Current Ratio |2.41 |1.4 |1.56 |0.93 | |Quick Ratio |1.4 |0.6 |0.77 |0.15 | |Debt Ratio |0.68 |0.66 |0.64 |0.83 | |Debt-to-Equity |2.16
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SUMMARY Eddie Antar (Crazy Eddie) dominated the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie ‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. During his term as the company’s chief executive. Antar had personal gain of more than $70 million. The first step Crazy Eddie done in order to gain success was to expand his little store into many big consumer
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1. Exhibit 3 shows a “super segment analysis” of the apparel market. Eddie Bauer positions itself mostly to the “Durable Quality Classics” segment. (What apparel brands target the other segments in the table?) Based on the buying behavior and sales data described in the case‚ how would you distinguish between Eddie Bauer customers who buy in the store by catalog in both the store and by catalog? The “super segment analysis” table has four quadrants that are: “Quality-Timeless‚” “Quality-Newest
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Eddie Blinkov Lean On Me In the movie called Lean On Me‚ Joe Clark the principal uses methods to establish authority in the school and these are the ways he did that. Firstly‚ he comes off as a very strict and disrespectful man to establish dominance in the school with the teachers and students. An example of this is when he first came into the school and yelled at all the teachers for doing a bad job to educate the students. This shows that Joe really cares for these children and wants the teachers
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Eddie Bauer Analyzes High Value Customer Segments Marketing Plan Executive Summary In 1999 Eddie Bauer was a $2 billion apparel retailer‚ generating 25% of its revenue from its catalog operation and the remainder through its 600 stores. Eddie Bauer operated in the textile clothing industry in the United States‚ Canada‚ Japan‚ UK and Germany. The company sold causal and office wear clothing to men and women‚ which is what we will be focusing on. Moreover‚ they also had eyewear
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The insanity defense is only raised in 1% of cases and then only successful 25% of the time it is used; although its rarity‚ the legal court has very detailed rules. Most rules describe not guilty by reason of insanity as not being aware of what you were doing in that exact moment. Adam Banner suggests that the Eddie Routh case had an accurate ruling of guilty because of his claim that‚ “...the disposition is ‘not guilty by reason of
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Core problems There are several issues for Eddie Bauer‚ Inc. to tackle‚ low profit margin ratio‚ high sales return and high inventory level‚ and brand positioning. Analysis of the problems Eddie Bauer yielded the lowest net income among its competitors like The Gap‚ A & F and Land’s End. It achieved similar gross profit margin but got a poor performance on overall net income at 1% because it suffered from high expenditure on SG&A in both retail and catalog operations which accounted for 37%
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