Crazy Eddie Fraud Eddie Antars success brings jealousy among his immediate family members Crazy Eddie was tightly controlled by Eddie Antar and his father Sam M. Antar (co-founders of the company). The demise of Crazy Eddie was a direct result of internal rivalries, jealousies, and infighting among family members. The original predecessor company to Crazy Eddie was ERS Electronics. The company was founded in 1969 by Eddie Antar, Sam M. Antar, and Ronnie Gindi (a first cousin). It operated under the name of Sights and Sounds. In 1970, Sight and Sounds was engaged in a bitter legal dispute with manufacturers over fair trade practices and the company was losing money. Ronnie Gindi did not believe that the company would prevail in its dispute and become profitable in the future. Mr. Gindi sold his 1/3 share of ERS to Eddie Antar who afterwards controlled 2/3 of the company. Eddie Antars majority ownership of ERS ultimately set the stage for future conflicts between him, his father, and the rest of his immediate family. During the early years, Sam M. Antar was looked upon as the patriarch of the tightly-knit Antar clan. He was the eldest son of my grandparents and the wealthiest family member. ERS eventually prevailed in its legal battle with manufacturers over fair trade practices. It was renamed Crazy Eddie and became a major commercial success. Since Eddie Antar owned 2/3 of the company compared to his fathers 1/3 ownership, he became much wealthier than his father. Eddie Antar was a very charismatic person compared to his stodgy old school father. Many family members and close friends felt more comfortable seeking advice and help from Eddie than from his father. Ultimately, Eddie Antar assumed the mantle of the de facto patriarch of the Antar clan due to his enormous wealth, leadership skills, and charisma.