Securities regulators are overwhelmed by the volume of fraud and insider-trading violations and don’t have the resources to pursue criminals effectively.
So says Sam Antar, a felon and former chief financial officer of Crazy Eddie Inc., a well-known criminal enterprise from the 1980s that cost many people their life savings and was even featured on “Saturday Night Live.”
VIDEO:
http://www.youtube.com/watch?feature=player_embedded&v=CP8iO5lvCoU#at=59
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