
The Insane, Real-Life Story of Crazy Eddie Antar - Gary Weiss - Fraud Talk - Episode 124
Fraud Talk
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How to Increase the Value of the Inventory
There were people within the company that had worked there a long time, and it was kind of a family atmosphere. He would say, well, we just need to kind of bump up these numbers. You know, can you pad this a little bit? And they would do it because Eddie had asked them to do loyalty. They didn't necessarily understand that increasing the value of the inventories would increase their profits. This is not a terribly esoteric accounting principle, but laypeople don't necessarily understandThat's why it's one of the reasons he was able to get away with it. It's a little bit like a Ponzi scheme, to that extent,. In order you just can't
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