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People love redemption stories. Barry Minkow became a pastor and started the Fraud Discovery Institute. Minkow’s charismatic preaching and interesting stories drew an audience. ....
Dallas-based Prestige Equity ordered to cease what state calls fraudulent investment scheme dallasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dallasnews.com Daily Mail and Mail on Sunday newspapers.
Dallas-based Prestige Equity ordered to cease what state calls fraudulent investment scheme msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
He also faces a fine of $250,000 on top of paying restitution to his victims. Minkow gained national attention as a teenager in the 1980s by founding the ZZZZ Best carpet cleaning company in Southern California. At age 21, he became the youngest person at the time in U.S. history to take a company public, and he became very wealthy on paper. But ZZZZ Best turned out to be involved in a fraud scheme in which investors poured $100 million into fake fire and water restoration projects. And in 1988, Minkow was sentenced to 25 years in prison after being convicted of 57 fraud charges. ....