Barry Minkow

Quick Facts

Full Name	Barry Minkow
Occupation	Pastor
Date Of Birth	Mar 22, 1966(1966-03-22)
Age	58
Birthplace	Inglewood
Country	United States
Birth City	California
Horoscope	Aries

Barry Minkow Biography

Barry Minkow is one of the most popular and richest Pastor who was born on March 22, 1966 in Inglewood, California, United States.

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.

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.

Barry Minkow Net Worth

Barry Minkow is one of the richest Pastor from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Barry Minkow 's net worth $5 Million. (Last Update: December 11, 2023)

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.

Height, Weight & Body Measurements

Barry Minkow height Not available right now. Barry weight Not Known & body measurements will update soon.

Who is Barry Minkow Dating?

According to our records, Barry Minkow is possibily single & has not been previously engaged. As of December 1, 2023, Barry Minkow’s is not dating anyone.

Relationships Record : We have no records of past relationships for Barry Minkow. You may help us to build the dating records for Barry Minkow!

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.

Facts & Trivia

Barry Ranked on the list of most popular Pastor. Also ranked in the elit list of famous people born in United States. Barry Minkow celebrates birthday on March 22 of every year.

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 Discovery 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.

What happened to Barry Minko?

He was convicted of fraud in 1988 after his business was revealed to be the front for a Ponzi scheme that was connected to the mob. Minkow was sentenced to 25 years in federal prison and served almost eight.

Who is Barry Minkow and why is he important to the world of accounting?

Barry Minkow was the centerpiece of what is arguably the largest fraud of my generation, and perhaps many others before and since. Barry was the founder and CEO of ZZZZ Best (pronounced “Zee Best”), which started out as a legitimate carpet cleaning company in southern Southern California.

Is King of Con in jail?

Minkow was released from prison in 2018 and has since mended his relationship with his sons, who are now seniors in high school, and remarried Lisa.

Is con man a true story?

Con Man is a 2018 American crime drama film directed by Bruce Caulk and starring James Caan, Ving Rhames, Justin Baldoni, Elizabeth Röhm, Mark Hamill, Talia Shire and Armand Assante. It is based on the real-life story of Barry Minkow , who also appears in the film.

When did ZZZZ Best Go Public?

ZZZZ Best had its IPO in December 1986 and reached a peak market capitalization of nearly $300 million. Seven months later, its assets were auctioned off for just $64,000.