Scammer Barry Minkow

Fraudster Barry Minkow

Details
Name:	Barry Minkow
Other Name:
Born:	1966
whether Dead or Alive:
Age:	55
Country:	U.S
Occupation:	Carpet-cleaning company owner, fraud investigator, pastor
Criminal / Fraud / Scam Charges:	1988: Racketeering, securities fraud, embezzlement, money laundering, mail fraud, tax evasion, bank fraud, credit card fraud. 2011: conspiracy to commit securities fraud.2014: Conspiracy to commit bank fraud, wire fraud, mail fraud and to defraud the United States
Criminal / Fraud / Scam Penalty:	1988: 25 years in federal prison, five years' probation, $26 million in restitution . 2011: Five years in federal prison, $583.5 million in restitution . 2014: Five years in federal prison, $3.4 million in restitution
Known For:

Description :

Barry Minkow

Barry Minkow is a notorious American fraudster infamous for his single-man accounting fraud. “At 16 years of age, he started a carpet cleaning company at his father’s garage naming it as ZZZZ Best (Zee Best), which was the initial step for his upcoming scams. He also found a fake accounting firm in order to make his ZZZZ best company look more profitable to millions of people”.

The company got famous until an Initial Public Offering for ZZZZ best was done in Wall Street in 1987 which valued the company for $300 million; while the real value of the company was only around $65,000. He was convicted in the year 1988 for his accounting fraud, wire fraud, securities fraud and stock market scam and was sentenced to 25 years in prison with his accomplices. After getting released from the prison in the year 2014, he was again convicted for securities fraud while working with the FBI for his Anti- fraud establishment. He was a notable fraudster for his scam at the age of 20, and his accounting fraud is often used as a study material to learn more about accounting frauds.

« Previous Next Fraudster Lou Pearlman »