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To: Jeffrey S. Mitchell who wrote (12404)8/12/2022 12:38:16 PM
From: StockDung  Respond to of 12465
 
FURTHER VINDICATION!! CHARLES B HENSLEY INVENTOR OF ZICAM CHARGED IN MASSING FRAUD
If convicted, Hensley potential faces up to 20 years in federal prison for each wire fraud count. The identity theft charges carries a mandatory two-year sentence.
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Man Who Police Say Used “Desilu Studios” Name To Lure Investors Hit With A Dozen Charges

By Erik Pedersen

August 10, 2022 6:14pm

A Southern California man who allegedly used the “ Desilu Studios” name to attract investors whose money he later squandered on himself was indicted by a federal grand jury today in Los Angeles. Charles Hensley, 68, of Redondo Beach, faces 11 counts of wire fraud and one count of aggravated identity theft.

An arraignment in U.S. District Court will happen in the coming weeks.

The alleged scheme impacted many investors, including some who wired the $331,000 identified in the wire fraud counts. Hensley also allegedly targeted multiple companies in the entertainment industry. Despite his claims that Desilu Studios was valued at more than $11 billion and Migranade at more than $50 million, the companies were actually shell corporations with few assets or none at all.

If convicted, Hensley potential faces up to 20 years in federal prison for each wire fraud count. The identity theft charges carries a mandatory two-year sentence.

CBS Studios had sued Hensley in October 2018 over the matter, alleging that he tried to enlist the support of Lucie Arnaz in what he claimed was a relaunch of Desilu Studios actually was attempting to use her famous name to “induce unwitting investors” in a shell company. According to that filed in California federal court (read it here), “CBS is informed and believes that Hensley never intended to use the Desilu name for legitimate business purposes and, instead, intended to use that name in order to induce ‘investments’ into his shell companies.”

Today’s indictments allege that from August 2017-May 2018, Hensley successfully pitched investments in companies he owned — including Desilu Studios Inc. and Migranade Inc. — which he operated out of offices in multiple Southern California locations. Despite his claims that Desilu Studios was valued at more than
$11 billion and Migranade at more than $50 million, the companies actually were shell corporations with few assets or none at all, according to the indictment.

Hensley began using the name Desilu in 2016 and allegedly said he was making new content for his company, per the indictment, telling investors he was wealthy and backing his business with his personal funds.

In reality, he had few assets and was overdrawn on bank accounts, the indictment alleges.

It further alleges that Hensley falsely represented that Desilu Studios was about to go public and that the company’s stock was worth more than its face value and more than investors were paying and would increase in value following its imminent initial public offering. Prosecutors also say Hensley stole someone’s identity to list as Desilu Studio’s chief financial officer in offering materials.

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READ MORE ABOUT: CHARLES HENSLEY DESILU



To: Jeffrey S. Mitchell who wrote (12404)8/16/2022 12:32:15 AM
From: Jeffrey S. Mitchell  Respond to of 12465
 
BOOKS OF THE TIMES

Crazy Eddie’s Life Was Insane!

In “Retail Gangster,” Gary Weiss explores the life and sketchy business practices of Eddie Antar, whose commercials are the stuff of legend.




By Alexandra Jacobs

Published Aug. 9, 2022
Updated Aug. 11, 2022

RETAIL GANGSTER: The Insane, Real-Life Story of Crazy Eddie
By Gary Weiss
336 pp. Hachette Books. $29.

The most famous TV ad in the Orwellian year of 1984, carefully themed to the novel named for this year, was for the Apple Macintosh desktop computer. The most infamous were those for Crazy Eddie, a chain of discount electronics stores in the New York metropolitan area.

Gesticulating wildly in a variety of costumes or just a gray turtleneck and a dark blazer, the actor Jerry Carroll, often mistaken for the mysterious Eddie, would rattle off a sales pitch ending with the vibrating, bug-eyed assurance: “His prices are INSANE!”

People hated those commercials, the journalist Gary Weiss reminds us in “Retail Gangster,” a compact and appealing account of Crazy Eddie’s artificially inflated rise and slow-mo collapse. But they worked — the company went public, with the inauspicious stock symbol CRZY — and also worked their way into punch lines of popular culture.

Daryl Hannah’s mermaid character watched a Crazy Eddie ad while learning English in “Splash.” Dan Aykroyd did a Crazy Ernie spoof on “Saturday Night Live.” And the spots themselves spoofed everything from “Saturday Night Fever” to “Casablanca” and Santa Claus, barraging the city that never sleeps in the cheap wee hours of overnight programming, becoming as much a component of its identity then as graffiti and Gray’s Papaya.

Subcutaneously, “Retail Gangster” is a tender requiem for a time, pre-streaming, when people tended to be tuned into the same things: movies in theaters, programs on television, Casey Kasem’s “American Top 40.” Also for a grittier, perhaps more colorful New York, which had hoisted itself out of the financial and existential abyss of the mid-1970s with pinstripes (Yankee, stockbroker), the punchy “I heart” iconography designed by Milton Glaser and — apparently — rock ’n’ roll-mad baby boomers buying stereo equipment.

But the meat of this limber book is its investigation into the deep family drama and funny money behind Crazy Eddie, which aggressively undercut competitors like Circuit City and The Wiz with some astonishingly shady business practices. Taking on this complicated if at first small potatoes-seeming story, Weiss is like that valorous spouse who decides to finally paw through the big box of tangled cords and wires in the basement and painstakingly straighten them out.



Gary Weiss, whose new book is “Retail Gangster.” Credit...Anjali Sharma

The real Eddie, last name Antar, was born in 1947 to Sam M. Antar, a window trimmer whose finances revolved around suitcases of cash known as “nehkdi,” and his second wife, Rosie Tawil, the daughter of a dry-goods salesman. They were part of a Syrian Jewish community in Brooklyn, nicknamed S-Y, that generally looked down on their Eastern European Jewish peers, whom they referred to as J-Dubs. Eddie was short but muscled and good-looking, nicknamed Kelso, after the racehorse. He dropped out of high school (where he met his first wife, Debbie Rosen, a J-Dub) and apprenticed for a young uncle at clip joints near 42nd Street in Manhattan before joining his father and cousin Ronnie in a TV and appliance enterprise on Kings Highway. And the rest is huckstory.

From the beginning of his career, Weiss shows with elegant incredulity, Antar skimmed, scammed, stole and pulled switcheroos: instructing employees to clean off display models or returned goods, for example, and rebox them as brand-new. Sales tax was routinely left unpaid. Warranty claims were fabricated. Improbable international schemes played out in Panama and St. Lucia. Even the Crazy Eddie logo for then-copious print advertisements, of a spike-haired guy in a bow tie, was lifted from the cartoonist Robert Crumb (though his long nose also suggests Pinocchio). When auditors materialized, female underlings were instructed to cozy up to them. “They did not want to believe we were crooks,” says another Antar cousin, Sammy, who would come to testify extensively against the company and who is Weiss’s No. 1 source.

Through copious interviews and court documents, Antar emerges not just as a crook and office bully but as a serial cheater and wife beater who attempted to give Debbie, mother of his five daughters (one of whom died of cancer at 18) “a big hot slice of bupkis” when they divorced; he remarried a woman also named Debbie, who bore him a son. As the court marshals closed in, his most valuable inventory became not air-conditioners and VCRs but security listening devices and paper shredders. After fleeing to Israel by exploiting that country’s Law of Return and falsifying his family’s passports, he did time there in the same jail where Adolf Eichmann was executed. Once he was extradited, Antar served almost seven years in U.S. federal prison and went on to attempt various comebacks, including — how anticlimactic this sounds!— a website, before dying at 68 in 2016.

An author of previous books on Wall Street, the Mafia and Ayn Rand, Weiss is sure-footed here, stepping around fading file boxes of legal material, with only occasional flights into infelicitous zoological metaphor. On one page we’re reading that “even after a feeding, the fraud rattlesnake did not feel sated. It only grew hungrier”; on another, that certain employees were “as innocent as baby lambs”; and on still another that “Crazy Eddie was like a wounded blue jay, squawking loudly in the grass while the red-tailed hawks circled overhead.” Someone alert the National Park Service!

The big cloud hanging over “Retail Gangster” is, of course, the internet. Apple’s commercial of marching automatons turned out to be the prescient and prevailing one. Carroll, the face and tireless voice of Crazy Eddie’s TV ads, died in 2020, unheralded. The stuff Crazy Eddie was selling had gone obsolete years before that, and so too — with all the bugs — its warm, funny, hustling touch.

© 2022 The New York Times Company

nytimes.com

- Jeff



To: Jeffrey S. Mitchell who wrote (12404)8/16/2022 4:15:26 AM
From: Zen Dollar Round  Read Replies (1) | Respond to of 12465
 
I never saw one of his real ads on TV since as it was an East Coast thing, but I do recall the SNL parodies of them them when I wore a younger man's clothes. I think it was Joe Piscopo who did them?

Didn't know what to think at first since though I thought they were funny, I had no idea why they kept repeating it every so often as an ongoing spoof and upping the shenanigans.

Only found out later it was an actual chain store and the owner and his ads were every bit as insane as Eddie was in real life that Piscopo (and others, I'm sure) was spoofing.