Tuesday, March 06, 2007
Why so defensive?
What 2 crooks told me over lunch
Monday March 5, 12:01 am ET
By Herb Greenberg
Commentary: "You cannot accept information at face value" [Marketwatch]
Antar was chief financial officer of Crazy Eddie, a New York electronics retailer that in the 1970s and 1980s claimed "our prices are inSANE" as it bilked investors out of hundreds of millions of dollars. He stayed out of jail by turning on several others, ...who claims to suffer from a bipolar disorder and serious insomnia. (I can vouch for the latter because his e-mails and postings on blogs come at all hours, mostly in the middle of the night.) "Criminals don't sleep," he explains.
A mistake, maybe, but one other people can learn from. "Do not trust verify," was his mantra as the meal began.
He adds: "Criminals are scared of skeptics and cynics," he says. "We are petrified when you verify our representations."