In this podcast episode, hosts Brian Escobar and Walter William Duncan discuss payroll crimes, focusing on the notorious 'Crazy Eddie' scandal. They elaborate on how the Antar family, particularly Eddie and Sammy, orchestrated a vast fraud scheme involving under-reported salaries, offshore money laundering, and company financial manipulation, all spanning 18 years. The hosts also emphasize the importance of robust measures in companies to prevent such fraudulent activities, maintaining a balance between employee trust and company security. The session ends with securing whistleblower protections and the need to avoid the temptation of illegal activities. Understanding these real, historical cases becomes a stepping stone to mitigating such instances in the future.

00:00 Introduction to the Podcast

01:20 Payroll News: Innovative Payroll Technology

06:57 Future of Work: Laws Changing the Workplace

14:51 Sponsored by - Time TrakGO 

16:05 True Payroll Crime: The Crazy Eddie Electronics Fraud

20:34 Key Takeaways and Lessons from the Fraud

24:07 IPO Manipulation and the Crazy Eddie Scheme

24:41 The Panama Pump Plan: Money Laundering and Revenue Inflation

25:32 Financial Downfall and Legal Consequences

25:59 The Aftermath: Sammy's Cooperation and New Career

26:43 Preventing Fraud: Strong Oversight and Whistleblower Protection

28:07 The Psychology of Fraud and Temptation

35:22 Balancing Employee Trust and Company Security

42:41 Closing Thoughts and Takeaways

References 

https://en.wikipedia.org/wiki/Crazy_Eddie

https://www.forbes.com/sites/simonconstable/2022/08/27/the-rise-and-fall-of-crazy-eddie-a-tale-of-epic-fraud/?sh=5c2b47684d33

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