In One of the Cases in the Textbook, Eddie Antar

Multiple Choice

In one of the cases in the textbook, Eddie Antar, the CEO of the Crazy Eddie electronic stores in the New Jersey area, took fraud to a higher level. The company started out as a small, family-owned business, but Eddie soon found that he could really clean up by taking his company public and making a fortune off the sale of stock. However, in order to sustain his financial success, he turned to cooking the books. Unfortunately for Eddie, his scheme eventually came to an end. What happened to Eddie Antar?

A) He fled the country and is still at large.
B) He repaid the money and was placed on probation.
C) He was convicted of racketeering and sentenced to prison.
D) He became a witness for the SEC against his cousin, the CFO, in exchange for a reduced sentence.