Sam soon learns Eddie's father, his cousins Mitchell Antar, Allen Antar, and Ben Kuszer were setting him and Eddie up to take the fall for the frauds at Crazy Eddie so on March 8, 1989, Sam met with US Attorney Dan Gibbons and two FBI investigators in an effort to negotiate a plea bargain agreement
US Prosecutors ultimately gained access to key documents in Israel which provided evidence of secret Antar family bank accounts through a treaty known as the Hague Convention. One account at Bank Leumi in Tel Aviv showed Eddie Antar, Sam M. Antar, Rose Antar (Sam M.’s wife), Mitchell Antar (Eddie’s brother), Ben Kuszer (Eddie’s brother-in-law), and Debbie Rosen Antar (Eddie’s first wife) as co-owners. Bank documents detailed almost $8 million in cash deposits from 1979 to 1983. This account was never disclosed on their tax returns and all deposits came from funds skimmed from Crazy Eddie.
In June 1992, Eddie Antar was captured in Yavne, Israel. That very same day, FBI agents arrested Mitchell and Allen Antar. There was not enough evidence to bring criminal charges against Sam M. Antar, Ben Kuszer, and other family members due to massive document destruction and statute of limitations issues. Instead, the SEC brought civil actions against them in seeking to recover ill-gotten gains.
Sam Antar is a convicted felon and a former CPA. As the CFO of Crazy Eddie, Mr. Antar helped mastermind one of the largest securities frauds uncovered during the 1980s. In June 2012, the Huffington Post named Sam Antar one of the 25 most dangerous people in financial media (“dangerous in a good way”).