Sam Antar’s White Collar Fraud Blog is one of the Few with Unique Authority on the Subject
Ours is a 24 hour news TV world saturated with corporate fraud and abuse stories. And heated by the Main Street Wall Street divide, we are forced to listen to many a talking head; all bobbling about theories and supposition. Often, their insight on corporate practices is based on sifting tea leaves and supposition. And the few voices that can speak to the issue from inside the ivory tower still rarely have the authority that only someone who saw the fallout of one of the most storied investor fallouts can.
Sam Antar was the CFO of the famous Crazy Eddie’s chain of electronics stores ((especially famous in New York) a chain that not only weaned a generation on Eddie’s ads before the era of Circuit City’s, but flamed out in one of the most captivating securities fraud stories in recent memory). Indeed, at one point Eddie Antar himself absconded to Israel to avoid prosecution, giving way to a lengthy and highly public court battle to repatriate investor monies and prosecute Eddie Antar.
The main pillar of our capitalist free market economic system, which is a cornerstone of our democracy, is the integrity of financial information. Without reliable financial information, capitalism cannot survive. The integrity of financial information can only be achieved through building blocks such as sound internal controls and independently verifiable financial information. The well educated, skilled, and experienced accountant is the first line of defense for the capitalist system.–White Collar Fraud Blog
Sam Antar’s White Collar Fraud Blog provides routinely updated coverage and analysis of White Collar and securities fraud by a man who saw a scheme unfold from the inside. For both spectators and entrepreneurs with investor management issues, this is a good resource to understand both the enforcement and psychological sides of the equation. As the former Crazy Eddie CFO, Antar may well provide some of the most unique consulting perspectives on preventing and addressing corporate fraud and abuse.
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