Barry Minkow
Barry Jay Minkow (born March 17, 1967) is a former businessman, pastor and convicted felon. While still in high school, he founded ZZZZ Best (pronounced Zee Best), which appeared to be an immensely successful carpet-cleaning and restoration company. However, it was actually a front to attract investment for a massive Ponzi scheme. It collapsed in 1987, costing investors and lenders $100 million—one of the largest investment frauds ever perpetrated by a single person, as well as one of the largest accounting frauds in history. The scheme is often used as a case study of accounting fraud.
After being released from jail, Minkow became a preacher and a fraud investigator, and spoke at schools about ethics. This all came to an end in 2011, when he admitted to helping deliberately drive down the stock price of homebuilder Lennar and was ordered back to prison.
Read more about Barry Minkow: Beginnings of ZZZZ Best, Going Public, Downfall, Conviction and Prison, Release and Short Selling, Lennar, Former Church Members Speak Out
Famous quotes containing the word barry:
“But whether on the scaffold high,
Or in the battle’s van,
The fittest place where man can die
Is where he dies for man.”
—Michael J. Barry (1817–1889)