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Barry Minkow (Barry Jay Minkow) grew up on 22 March, 1966 in Inglewood, California, U.S., is a Carpet-cleaning company owner, fraud investigator, pastor. Find Barry Minkow’s Bio details, How old?, How tall, Physical Stats, Romance/Affairs, Family and career upbeen in a relationship with?s. Know net worth is He in this year and how He do with money?? Know how He earned most of networth at the age of 54 years of age.

Famous for Barry Jay Minkow
Business Carpet-cleaning company owner, fraud investigator, pastor
How old? 55 years of age.
Zodiac Sign Aries
Born 22 March 1966
Born day 22 March
Birthplace Inglewood, California, U.S.
Nationality U.S.

Famous people list on 22 March.
He is a member of famous with the age 55 years of age./b> group.

Barry Minkow How tall, Weight & Measurements

At 55 years of age. Barry Minkow height not available right now. We will upbeen in a relationship with? Barry Minkow’s How tall, weight, Body Size, Color of the eyes, Color of hair, Shoe & Dress size soon as possible.

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Romance & Status of the relationship

He is currently single. He is single.. We don’t have much Find out more about He’s past relationship and any previous engaged. According to our Database, He has never had children..

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Barry Minkow income

His net worth has been growing significantly in 2021-2021. So, how much is Barry Minkow worth at the age of 55 years of age. Barry Minkow’s income source is mostly from being a successful . Born and raised in U.S.. We have estimated Barry Minkow’s net worth, money, salary, income, and assets.

income in 2021 $1 Million – $5 Million
Wage in 2021 Reviewing
income in 2019 Pending
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On July 2, Minkow abruptly resigned for “health reasons.” By this time, his company’s stock had fallen to $3.50 a share—an 81 percent drop from its high in February. Minkow later revealed that on June 27, six days earlier, an independent law firm ZZZZ Best retained to investigate the allegations of wrongdoing asked for the addresses for all of the company’s restoration jobs. Minkow knew that those projects did not exist, and decided to resign. Later, he reportedly told a member of his board that the insurance restoration business had been a sham from the very beginning.

Lennar responded by adding Minkow as a defendant in a libel-and-extortion suit against Marsch. Minkow was initially unconcerned, since he had prevailed before in similar cases on free-speech grounds. According to court records, Minkow had shorted Lennar stock, buying $20,000 worth of options in a bet that the stock would fall. Even more seriously, he also bought Lennar stock after his FDI report, believing the stock would rebound after its dramatic plunge. Minkow initially denied doing this, only to be forced to recant when confronted with trading records. Minkow also forged documents alleging misconduct on Lennar’s part, and lied about having to go to the emergency room on the night before he was first scheduled to testify. He also went forward with the report even after a private investigator he had hired for the case could not substantiate Marsch’s claims. In an unrelated development, it was also revealed that Minkow operated the FDI out of the offices of his church and even used church money to fund it—something which could have jeopardized his church’s tax-exempt status.

On June 16, Freeman ordered Minkow to pay Lennar $584 million in damages—roughly the amount the company lost as a result of the bear raid orchestrated by Minkow and Marsch. Freeman’s ruling stated that Minkow and Marsch had entered into a conspiracy to wreck Lennar’s stock in November 2008. With interest, the bill could easily approach a billion dollars—far more than he stole in the ZZZZ Best scam.

On July 21, Seitz sentenced Minkow to five years in prison. In imposing the sentence, Seitz said that Minkow had “no moral compass that says ‘Stop.'” Seitz also ordered him to pay Lennar $583.5 million in restitution—an amount that had been imposed a month earlier in the civil case.

On January 22, 2014, Minkow pleaded guilty to one count each of conspiracy to commit bank fraud, wire fraud, mail fraud and to defraud the federal government. He admitted to embezzling over $3 million in donations to Community Bible Church from 2001 to 2011. He opened unauthorized bank accounts purportedly on the church’s behalf, forged signatures on church checks, diverted money from legitimate church accounts for his personal use, and charged unauthorized personal expenses on church credit cards. He also concealed $890,000 of income and $250,000 in taxes from the IRS. Among his victims were a widower who gave $75,000 to fund a supposed hospital in Sudan to honor his wife after she died of cancer, and a woman who gave Minkow $300,000 that would have otherwise gone to help raise her teenage granddaughter.

On April 28, 2014, Judge Michael M. Anello sentenced Minkow to five years in prison, the maximum possible sentence under his plea bargain. It is to be served after Minkow completes his sentence for securities fraud. While Minkow’s attorneys asked for a sentence of 41 months, Anello felt he had to impose the maximum for what he called a “despicable, inexcusable crime.” On June 2, Minkow reached an agreement with federal prosecutors that called for him to pay $3.4 million in restitution. This will potentially be a ruinous amount for Minkow, on top of the restitution he still owes Lennar, Union Bank and the ZZZZ Best victims. Earlier, he said that the $26 million restitution for the ZZZZ Best scam alone was large enough that he would be writing restitution checks to the ZZZZ Best victims for the rest of his life. As a result of his latest sentence, Minkow was released on June 6, 2019.


Although KeyServ was double the size of Minkow’s company, the two companies agreed to a $25 million deal in which ZZZZ Best would be the surviving company. The merger would have made ZZZZ Best Sears’ authorized carpet cleaner, and also would have made Minkow the president and chairman of the board of the largest independent carpet-cleaning company in the US. When KeyServ deal was announced, Minkow also began making plans to raise $700–800 million to buy ServiceMaster in a hostile takeover, and planned to expand to the United Kingdom. Outside of carpet cleaning, he had begun preliminary discussions to buy Major League Baseball’s Seattle Mariners.


After being released from jail, Minkow became a pastor and fraud investigator in San Diego, 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 for five years. Three years later he admitted to defrauding his own church and was sentenced to an additional five years in prison. As a result of his crimes, he faces having to pay a total of $612 million in restitution—an amount that he will likely spend the rest of his life repaying.

On March 16, 2011, Minkow announced through his attorney that he was pleading guilty to one count of insider trading. According to his lawyer, Minkow had bought his Lennar options using “nonpublic information.” The plea, which is separate from the civil suit, came a month after Minkow learned he was the subject of a criminal investigation. Minkow claimed not to know at the time that he was breaking the law. The SEC had already been probing Minkow’s trading practices. On the same day, Minkow resigned as senior pastor of Community Bible Church, saying in a letter to his flock that since he was no longer “above reproach,” he felt that he was “no longer qualified to be a pastor.” Six weeks earlier, $50,000 in cash and checks was stolen from the church during a burglary. Though unsolved, it was noted as suspicious due to Minkow’s admitted history of staging burglaries to collect insurance money.

On March 30, 2011, Minkow pleaded guilty before Judge Patricia A. Seitz. Minkow’s attorney, Alvin Entin, admitted that his client had acted recklessly, but had been “deluded and taken advantage of” by Marsch. He faced a maximum of five years in prison, as much as $350,000 in fines and penalties and $500 million in restitution. However, he agreed to cooperate with the government in its probe of Marsch.

In a pre-sentencing evaluation performed on May 10, 2011, Minkow was diagnosed by a Michael Brannon as having antisocial personality disorder, narcissistic personality disorder, attention deficit hyperactivity disorder, anxiety disorder, opioid dependence, anabolic steroid abuse, and migraine headaches.

On June 14, 2011; KGTV in San Diego interviewed several members of Minkow’s former church, who said Minkow swindled them. One woman said Minkow asked her for $300,000, purportedly to help finance a movie about his redemption.

Prior to his 2011 conviction, production began on a film detailing Barry Minkow’s life and redemption. The film, featuring Mark Hamill, Justin Baldoni, Talia Shire, and Ving Rhames, was partially funded by donations Minkow solicited from his congregation. Minkow insisted on playing the middle-aged version of himself in the film. Following his arrest the film’s release was cancelled and work began on a new ending. The film—retitled Con Man from the original title Minkow—was eventually released in March 2018.


On December 27, 2010, Florida Circuit Court Judge Gill Freeman issued a default judgment against Minkow in response to a motion by Lennar. Freeman found that Minkow had repeatedly lied under oath, destroyed or withheld evidence, concealed witnesses, and deliberately tried to “cover up his misconduct.” According to Freeman, Minkow had even lied to his own lawyers about his behavior. Freeman determined that Minkow had perpetrated “a fraud on the court” that was so egregious that letting the case go any further would be a disservice to justice. In her view, “no remedy short of default” was appropriate for Minkow’s lies. She ordered Minkow to reimburse Lennar for the legal expenses it incurred while ferreting out his lies. According to legal experts, terminating sanctions such as default judgments are extremely rare, since they are reserved for particularly egregious misconduct and have the effect of revoking a litigant’s right to defend himself. Earlier, Freeman had been so angered by Minkow’s behavior that she called him a liar in open court, a rarity for a judge. Lennar estimated that its attorneys and investigators spent hundreds of millions of dollars exposing Minkow’s lies.


In 2009, Minkow issued a report accusing major homebuilder Lennar of massive fraud. Minkow claimed that irregularities in Lennar’s off-balance-sheet debt accounting were evidence of a massive Ponzi scheme. Minkow accused Lennar of not disclosing enough Find out more about this to its shareholders, and also claimed a Lennar executive took out a fraudulent personal loan. In an accompanying YouTube video, Minkow denounced Lennar as “a financial crime in progress” and “a corporate bully.” Lennar’s stock plummeted in the wake of Minkow’s reports. From January 9 (when Minkow first made his accusations) to January 22, Lennar’s stock tumbled from $11.57 a share to only $6.55. Minkow issued the report after being contacted by Nicholas Marsch, a San Diego developer who had filed two lawsuits against Lennar for fraud. Indeed, the language of the FDI report echoed that used in Marsch’s filings. One of Marsch’s suits was summarily thrown out; the other ended with Marsch having to pay Lennar $12 million in counterclaims.


On the day Minkow’s report was released, USANA’s shares had traded at $61.19 but by August the share price had tumbled to less than $35. Minkow acknowledged that he was shorting USANA’s shares, hoping to profit from a drop in the stock price. However, in reference to USANA’s lawsuit, news columnist Herb Greenberg commented that the criticism of Minkow “is a bunch of malarkey; he has a right to publish his research, as long as people know his position [in the stock].” Minkow had revealed in the report that he was betting for the stock to go down. USANA dropped the defamation suit and in March 2008 U.S. District Judge Tena Campbell threw out four of the five claims brought by USANA against Minkow ruling that USANAs claims violated California’s anti-SLAPP law for suing Minkow for fair criticism. and that USANA did not show a reasonable probability of winning on those claims. The judge also cited two examples where USANA failed to refute Minkow’s claims that their products were overpriced and of no better quality than other lower-priced brands. The remaining charge of stock manipulation was settled in July 2008 when USANA and Minkow reached an undisclosed settlement, which included the removal of all USANA-related materials from the Fraud Findy Institute website, a related Chinese website, and from YouTube. Minkow also agreed to never trade in USANA’s stock again. Separately from the settlement, the company paid $142,510 in attorney fees to Minkow and his institute under an order from federal Magistrate Samuel Alba. Court documents show that USANA never pursued others whom they suspected of being part of the alleged stock manipulation nor did they ask for an injunction, their only avenue of release in this case.


On 20 February 2007, Minkow, distributed a 500-page report to officials at the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Internal Revenue Service (IRS) accusing USANA of operating an illegal pyramid scheme. USANA countered by lodging suits against Minkow and his company claiming defamation and stock manipulation.


Minkow’s motives were brought into question by multiple news stories concluding that Minkow was shorting stock before he released a report on a public company. According to The San Diego Union-Tribune, Minkow had engaged in this practice as early as 2006. Minkow’s critics denounced this practice as unethical, if not illegal. At least one critic accused him of engaging in short and distort, a form of securities fraud which is a reversal of a pump and dump scheme. For instance, he accused Herbalife of a “laundry list” of issues, and Minkow had “correctly revealed that Herbalife’s president had inflated his résumé.” Herbalife paid Minkow $300,000, after which Minkow issued a press release withdrawing all accusations and contentions against Herbalife, and removed all the accusations from his website. Additionally, Minkow made $50,000 from shorting Herbalife stock. Minkow continued to profit from his short sales position due to sharp decreases in the reported company’s stock price immediately after releasing a new report.


In 2002, Minkow married his wife, Lisa. They have two children.


In 1997, he became pastor of Community Bible Church in San Diego. Soon after his arrival, a church member asked him to look into a money management firm in nearby Orange County. Suspecting something was amiss, Minkow alerted federal authorities, who discovered the firm was a $300 million pyramid scheme. This was the beginning of the Fraud Findy Institute, a for-profit investigative firm (which eventually transpired to be a fraud itself). His original targets were penny stock companies, which are often havens for fraud. However, he soon attracted the attention of The Wall Street Journal and Bloomberg News. He also began appearing on Your World with Neil Cavuto as a fraud expert. Minkow first gained national attention when 60 Minutes aired a profile of him in August 2006. Several Wall Street investors liked what they saw, and sent him enough money to go after bigger targets. Minkow claimed to have uncovered $1 billion worth of fraud over the years.


After Minkow’s early release from prison in 1995, he went to work as Pastor of Evangelism at the Church at Rocky Peak in Chatsworth, California. He also became director of the church’s Bible Institute.

In 1995, he wrote a first-hand account of the ZZZZ Best scam, Clean Sweep. All of the book’s proceeds went toward repaying his victims. His other substantial debt is a $7 million loan from Union Bank.


While Minkow admitted to manipulating the company’s stock, he claimed that he was forced to turn the company into a Ponzi scheme under pressure from the organized-crime figures who secretly controlled his company, a story he later admitted was false. On December 14, he was found guilty on all charges. On March 27, 1989, he was sentenced to 25 years in prison. He was also placed on five years’ probation and ordered to pay $26 million in restitution. In sentencing him, U.S. District Court Judge Dickran Tevrizian described Minkow as a man without a conscience. He rejected Minkow’s plea for a lighter sentence as “a joke” and “a slap on the wrist” for someone who had manipulated the financial system. The SEC subsequently banned him from ever serving as an officer or director of a public company again. He served under seven and a half years, most of them at Federal Correctional Institution, Englewood.


Minkow and 10 other ZZZZ Best insiders were indicted by a Los Angeles federal grand jury in January 1988 on 54 counts of racketeering, securities fraud, money laundering, embezzlement, mail fraud, tax evasion and bank fraud. The indictment accused Minkow of bilking banks and investors of millions of dollars while systematically draining his company of assets. It also accused Minkow of setting up dummy companies, writing phony invoices and conducting tours of purported restoration sites. Prosecutors estimated that as much as 90 percent of the company’s revenue was fraudulent. On June 16, prosecutors won a superseding indictment charging Minkow with credit card fraud and two additional counts of mail fraud.


By February 1987, ZZZZ Best was trading at $18 a share on NASDAQ, valuing the company at $280 million. The company now had 1,030 employees with offices in California, Arizona and Nevada. Minkow’s stake was worth $100 million.


At the suggestion of a friend, Minkow took the company public in January 1986, garnering a spot on NASDAQ. The accountant who audited the company before it went public did not visit the insurance restoration sites himself. Had he done so, he would have discovered they were mailboxes located throughout the San Fernando Valley. Minkow retained a 53 percent controlling interest, making him an instant millionaire on paper. Going public seemingly offered him a way to cover up his fraudulent activities. Under securities law at the time, he had to retain his personal shares for two years. He planned to sell a million shares to the public in January 1988, believing this would give him enough money to pay everyone off and go completely legitimate.


After graduating from high school in 1985, Minkow devoted all of his time to ZZZZ Best. Short of cash despite the recent expansion, he got a loan from Jack Catain, a Los Angeles businessman who had ties to organized crime. Catain later sued Minkow for not paying him his share of the company’s profits, but Minkow claimed Catain was a usurer. The suit was still working its way through the courts at the time of Catain’s death in 1987. Other organized crime figures turned up as Minkow’s advisers, which unnerved his employees. For instance, a major shareholder, Maurice Rind, had been convicted of securities fraud in 1976. Minkow was also a business partner with Robert Viggiano, a convicted jewel thief and reputed loanshark.


Just as the merger was about to close, Minkow was exposed by the discovery of the credit card fraud that helped keep his company alive in the early years. Minkow had blamed the fraudulent charges on unscrupulous contractors and another employee, and paid back most of the victims. However, he had not paid back a homemaker who had been overcharged a few hundred dollars. When Minkow ignored her requests to pay her pack, she tracked down several other people who had been defrauded by Minkow and gave a diary of her findings to the Los Angeles Times. The Times then wrote a story revealing that Minkow had run up $72,000 in fraudulent credit card charges in 1984 and 1985. The story, which ran just days before the KeyServ merger was to close, sent ZZZZ Best stock plunging 28 percent.


Barry Jay Minkow (born March 22, 1966) is a former American 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.