Barry Minkow is a famous felon-turned-pastor who turned felon again in the US.
A judge in Florida gave him a five-year sentence.
Lennar’s case was the third time Barry was being convicted and sentenced to fraud-related cases.
Barry Jay Minkow started the ZZZZ Best in his parents' garage at age 16 and became a millionaire by age 21. Photo: @Yiannis Vlahantonis (modified by author)Source: Facebook
Barry Minkow embezzled $3 million from the San Diego Community Bible Church’s congregation.
He stole $1.6 million in donations and took millions of dollars in unauthorized loans using thechurch’s name.
What was Barry Minkow’s original business?
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His ZZZZ Best carpet cleaning company in Reseda collapsed in May 1987 as a result of fraud.
Where is Barry Minkow today?
Barry Minkow’s age is 55 years.
Barry’s ZZZZ Best company turned out to be a Ponzi scheme cover-up. Photo: @Sandy Huffaker (modified by author)Source: Getty Images
He was born on 17th March 1966 in Reseda, California, to a Jewish family.
His parents are Carole and Robert Minkow.
Barry Jay Minkow became famous nationwide in the 1980s as amillionaire teenagerwith a flourishing carpet-cleaning company in Reseda.
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Jay earned a bachelors and master’s degree from Liberty University in Virginia while in prison.
Barry Minkow’s filmCon Manwas released in March 2018.
Its original name wasMinkow.
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Other Barry Minkow’smoviesincludeProtecting Yourself from Affinity Fraud,Protecting Yourself from Elder Fraud,andProtecting Yourself from Investment Fraud.
They were released in 2006.
He married Lisa in 2002, and thecouple adoptedGuatemalan twin sons Dylan Gene and Robert Irwin.
Barry got a 25-years- jail sentence for committing 57 federal felonies through ZZZZ Best company. Photo: @Sandy HuffakerSource: Getty Images
The family lives in rural Crossville, Tennessee.
They even had an Australian shepherd named Macho and two Siberian Huskies.
So, what did Barry Minkow do?
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Barry Minkow’s fraud crimes
ZZZZ Best was a securities,credit cardand mail fraud business.
Jay stole more than $100 million from investors and banks.
Thecourtordered him to pay the victims of his schemes $26 million out of his future earnings.
After getting out of jail in 1995 and serving as a pastor for more than a decade, Barry landed for more years in prison in 2014 for defrauding Lennar Corp’s real estate company. Photo: @Sandy HuffakerSource: Getty Images
Jay served seven years andwas released on parolein 1995.
Minkow wouldmanipulate the stockprices of the companies he was investigating.
Around November 2008, Jay agreed with Marsch to extort Lennar and manipulate the public securities markets.
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Barry Minkow’s net worth was $90 million in the ’80s when he still had ZZZZ Best company.
The pastor pocketed the money and also stole $300,000 from a widowed grandmother raising a teenage granddaughter.
What is Barry Minkow doing now?
He cannot repay the $584 million since the court gave him a 5-year-jail term.
Nevertheless, the man deserves some respect for owning up to his mistakes.
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The former attorney is now rotting in jail.
What led him to crime?
She graduated from the University of Nairobi with a degree in Mass Communication in December 2014.
In 2023, Ruth finished the AFP course on Digital Investigation Techniques.
She has worked for Briefly.co.za for five years now.
She specializes in topics like lifestyle, entertainment, travel, technology, and sports.
Email: gitongaruth14@gmail.com.
