SPECIAL TO NEWJERSEYNEWSROOM.COM
This Thanksgiving, investors who still have their money should be thankful.
That was the message from a forum on “safe investing” sponsored the state Division of Consumer Affairs’ bureau of security. The Piscataway session brought together state, federal and private regulators with routine advice on how to resist sales pitches or avoid being scammed by an investment advisor.
But it also featured some high-profile figures from both the crime and punishment side of financial fraud, whose remarks were less reassuring.
Sam E. Antar, the one-time chief financial officer of Crazy Eddie, drew nervous laughter with his cheerful description of the discount chain’s massive fraud. He then won applause with a blunt dismissal of government legal efforts against more recent Wall Street malefactors.