An Article entitled “One of the Antars still talks about fraud at Crazy Eddie - Sam E. Antar now spreads the word about white-collar crime” written by Michael L. Diamond for the Asbury Park Press on September 24, 2006 reported about a recent presentation I gave to the New Jersey Chapter of the Association of Certified Fraud Examiners. It accurately stated:
"The Antar empire was crumbling and the government was moving in for the kill when Sam E. Antar, the chief financial officer for Crazy Eddie consumer electronics chain, decided it was time to cooperate.
There was no sudden enlightenment, no overwhelming remorse. Antar just didn't want to go to prison.
"I didn't find God on the footsteps of the courthouse," Antar said. "I did the cowardly thing. I went to the U.S. government and said, "I don't want to go to jail for 30 years.' "
However, another part of my decision was not published and also clearly must be understood. I decided to cooperate (yes, for the reasons above) only after I found out that my Uncle Sam M. Antar and his children (Mitchell and Allen) were trying to set Eddie and I up to take the blame for the Crazy Eddie fraud.
After finding out from me that his own father and brothers were laying the blame on us, Eddie told me, "You are on your own" and eventually skipped town.
Abandoned by Eddie and being set up by his family I was left with no other choice.
Link to article