Apti NEWS DISCOUNT PHOTOGRAPHIC CENTER Your #1 Neighborhood Camera Store SUMMER'S BEST BUYS! FREE r FREE E CAMCORDER PROCESSING CAMERA BATTERIES CASE 1 Roll with purchase 10% of any camera with $100 and up OFF coupon up to 10% L L of camera value L I Transfer your home movies to video as low as 5(P per foot 33100 Grand River Farmington 474-4331 27100 Evergreen Southfield 569-7890 3249 West 12 Mile Berkley 546-4550 RARE U.S. COINS WANTED 1793-1930 Single Coins To Entire Collections IMMEDIATE FUNDS Estate Appraisals • Bullion Coins • Precious Metals All Transactions Held In Strict Confidence Detroit Metro Dealer for over 20 Years Dealer & Bank References Available "Sell Where The Dealers Sell" a\RN=Tt RARITI r 189 MERRILL STREET BIRMINGHAM, MI 48009 (313) 644-1124 FAX (313) 644-3739 C O R P O R A TICIN Advertising in The Jewish News Gets Results Place Your Ad Today. Call 354-6060 106 FRIDAY, JULY 24, 1992 'Crazy Eddie' Antar Arrested In Israel Tel Aviv (JTA) — Eddie "Crazy Eddie" Antar who once offered New Yorkers "insane" discounts on elec- tronic products, has been ar- rested by Israeli police and is being held in custody at the request of the U.S. Justice Department. The 45-year-old Mr. Antar, whose low-budget elec- tronics chain filed for bankruptcy in 1987 and was liquidated in 1990, is wanted in the United States on charges of defrauding stockholders in his company of more than $74 million. The object of an interna- tional search during the past two years, he was picked up by Israeli undercover cops outside his swank condo in the coastal town of Yavne, south of Tel Aviv. He was remanded in custody by a Petach Tikva magistrate pending extradition hear- ings. Mr. Antar had been living in Israel for several years and acquired citizenship at different times under diff- erent names. In its heyday, the Crazy Eddie chain numbered 43 stores in New York, New Jersey, Connecticut and Pennsylvania. For years, television viewers in those areas were bombarded by hard-sell commercials in which an actor imper- sonating "Eddie" waved his arms and screamed that his prices were "insaaane." The chain, originally a family-held business, went bankrupt in 1987 but was allowed to re-organize as a public company trading shares on the New York Stock Exchange. According to an 18-count indictment obtained by the U.S. attorney in New Jersey, Mr. Antar, his brothers Mit- chell and Allen, and a cousin, Eddie Gindi, engag- ed in a complex cash- skimming scheme and issued false financial reports to inflate the value of their stock. The arrests of the brothers and cousin was announced in New Jersey this week. Mr. Antar's troubles with the law began early in 1988 when the Securities and Exchange Commission ques- tioned the prospectus he and his brothers issued. The chain was sold to the public in 1990 but liquidated because the inventory listed in the sale proved non- existent. It was discovered about the same time that Eddie Antar, described as secretive and "eccentric" had disappeared. It was subsequently learn- ed that he arrived in Israel in March 1988 and became a -) citizen three months later, changing his name tc;-, Stewart Alexander. The U.S. authorities trac- ed his whereabouts through a source in Switzerland with'-- access to Zurich bank ac- counts. Acting on a tip that _ he was in Israel, U.S. mar- shals appealed to the State Attorney's Office in Jerusalem and the Serious Crimes Division of the Israeli police to set up a spe- cial undercover operation to `1 track down the fugitive. Further investigations in- dicated that a man calling himself David Cohen from Brazil came to Israel in 1990 and became a citizen. Mr. Cohen was photographed under surveillance. The pic- tures sent to New York were`' identified as Eddie Antar. A plain-clothed police operative, posing as a woman driver in distress, flagged down the suspect as- , he drove from his seaside condo. When he stopped, she--- 1 signalled other agents made the arrest. Police who searched Mr. Antar's villa said they discovered a brief- case containing $60,000 in various currencies and pass- ports in several names. The police said Mr. Antar ----' attempted to conceal his identity but admitted it after his fingerprints were faxed _ 1 from New York. Two Killed In Lebanon Tel Aviv (JTA) — A South Lebanon Army soldier and a Palestinian gunman were r killed in a clash in the cen- tral sector of the Israeli- controlled security zone in south Lebanon . SLA troops were on c; routine patrol when they came under fire. A ; Kalashnikov rifle and a case 11 of ammunition, a rocket- Y1 propelled grenade launcher and a case of grenades were discovered near the body of r_ the gunman killed in the exchange. In a statement issued in Beirut, Nayef Hawatmeh's [7- Democratic Front for the Liberation of Palestine claimed responsibility for the incident.