[chris]

This FBI Newark file concerns the federal investigation of Eddie Antar and Crazy Eddie, an appliance and electronics retailer, for alleged large-scale financial fraud. Newark memoranda state that the inquiry began on February 3, 1987 and initially examined fraudulent warranty claims submitted to suppliers including Sony, Zenith, JVC, and Panasonic. A February 1988 memorandum describes alleged manipulation of a $70 million investor stock loss, fictitious inventory of about $45 million, and a fraudulently obtained $150 million credit line from three institutions. The released records include FBI staffing and reassignment memoranda, grand-jury secrecy acknowledgments, and letters from the U.S. Attorney's Office authorizing disclosure of grand-jury materials to FBI agents, accounting personnel, and postal inspectors.

FBI file number: 196A-2519 | Documents span: 1987-1988 | Released in 1 part
Names in this file: Eddie Antar, Samuel A. Alito Jr., Thomas W. Greelish
Subjects: Crazy Eddie, securities fraud, inventory fraud, warranty claims, grand jury, FBI Newark