White-collar criminal speaks on YSU campus

Sam Antar is a convicted felon, former CPA, and former CFO of Crazy Eddie who will lecture at Youngstown State University on lessons to learn from white-collar criminal.

Sam Antar

Sam Antar, convicted felon, former certified public accountant, and former chief financial officer of Crazy Eddie, focuses on “Lessons about White-Collar Crime from a Master Criminal” during a visit Friday, Feb. 3 to Youngstown State University’s Williamson College of Business Administration.

Antar will speak at 7:30 a.m. in Rooms 3422 and 3423 of Williamson Hall as part of the Williamson Symposium Lecture Series sponsored by the WCBA. The breakfast and presentation are free and open to the public. To make a reservation, visit www.ysu.edu/wcba and use the Williamson Symposium Link or call Christine Shelton at 330-941-3068. Free parking is available in the lot on Wood Street across from the southern entrance to Williamson Hall.

Antar also will speak at 12:30 p.m. in the first floor auditorium in Williamson Hall. This presentation, part of an Ethics Conference presented by WCBA in collaboration with the Institute of Management Accountants and the Dr. James Dale Ethics Center at YSU, is for YSU students and is not open to the general public.

The ethics conference, which runs from 8:45 a.m. to 1:30 p.m., is intended to create a shared focus among students and faculty on the importance of business ethics, corporate social responsibility, and sustainable business.

“We’re teaching students how businesses can be agents of ethical, social and environmental change in society, and we are equipping students to be part of that change,” said David Law, professor of accounting who is spearheading the planning for the conference.

Antar, as the CFO of Crazy Eddie, helped Eddie Antar and other family members mastermind one of the largest securities frauds uncovered during the 1980s. His responsibilities at Crazy Eddie included skimming, money laundering, insurance fraud, securities fraud and other criminal activities. He eventually pleaded guilty to three felonies. He was sentenced to six-months of house arrest, 1,200 hours of community service and paid approximately $10,000 in fines. In his settlement with the Securities and Exchange Commission, he agreed to a lifetime bar from being an officer or director of a public company and paid $20,000 in disgorgement of losses that were avoided by selling his Crazy Eddie stock at inflated prices.

Today, Antar advises federal and state law enforcement agencies such as the U.S. Department of Defense, the U.S. Treasury and the SEC about white-collar crime. He teaches about white-collar crime for colleges, universities, professional organizations and businesses.