This Wednesday at 10 PM EDT, CNBC will feature an exclusive interview with Eddie Antar, the CEO of the infamous Crazy Eddie fraud of the 1980s. Herb Greenberg will also interview Sam E. Antar, the former CFO of the company turned white-collar crime expert and blogger. The interview will take place on Business Nation, and will include a conversation with Sam and Eddie together for the first time in years. This should be particularly interesting because Sam became a witness against his cousin in the case and, when I asked him about the interview, Sam told me "It nearly came to blows."
In this weekend's Wall Street Journal [subscription required], Herb Greenberg wrote about the interview and offered some advice from Eddie Antar for former Comverse Technology (OTC: CMVT) Chief Executive Jacob "Kobi" Alexander: "All the money in the world is not worth a day in prison -- ain't worth one day." If he hadn't broken the law, he says, "I'd be a Best Buy today, or I would have been sought to be bought out by many companies. I'd be a billionaire today. I had around $100 million that [the government] took from me. That was cash in the bank. It was everything I had. Can you imagine what that would be worth today? I blew it big time."
Be sure to tune in to CNBC's Business Nation on Wednesday. It should be interesting.