Remembering Crazy Eddie, the electronics store chain that was run like Studio 54

I thought I was out! And you pulled me back in!

Scam can mean many different things. And you have one very, very narrow definition which you are applying inappropriately like it is your religion.

No, the average Crazy Eddie consumer was not getting bilked-- unless he was a NJ taxpayer, or a stockholder in CRZY stock, or a principal in the Crazy Eddie company, or a citizen of the United States. Yes, I admit, there were so many people who were not a victim of Crazy Eddie’s scam. Also: Crazy Eddie did not commit rape or murder! (He gets credit for that, too, right? Any illegal thing he didn’t do, that’s a mitigating circumstance?)

Unless, as above, that customer happened to be, a NJ taxpayer, or a stockholder in CRZY stock, or a principal in the Crazy Eddie company, or a citizen of the United States.

Also, by your ethics, Bernie Madoff didn’t scam the people at the top of his pyramid scheme, right? The people who actually made a profit on Madoff’s pyramid scheme were not scammed. So, there’s that to consider.

The argument is YES, OK he scammed some people. But he didn’t scam these other people. Please. Drop it. Your ethics are bankrupt.

2 Likes