Only there was no hospital, and Minkow pocketed the money. Having made millions of dollars from a carpet-cleaning company he. EMMY and TELLY Award winning filmmaker Bruce Caulk McAlester is an actor’s director, a writer and producer. March 22, 2023. Minkow has a net worth of. . Barry Minkow’s estimated Net Worth, fast cars, relaxing vacations, pompous lifestyle, income, & other features are listed below. It turned out to be anything but. (NASDAQ: VTIV) “claims to have an MBA degree from Pacific Western University, a well known ‘diploma mill’ that ceased to exist by that name in 2007. Overstated net worth and failed to indicate net operating loss Atlantic Acceptance Corporation: 1965. Pity the life of supposedly reformed conman Barry Minkow. Barry Minkow : biography March 17, 1967 – Lennar responded by adding Minkow as a defendant in a libel-and-extortion suit against Marsch. CPE Information. Minkow says that he was “lying to get money” as he accumulated a million-dollar net worth. Minkow was once known as a whiz-kid who gained national fame as a 16-year-old after founding ZZZZ Best, a carpet-cleaning company, in the garage of his Reseda home in 1982. You might be interested to know more about Barry Minkow. The company already lost over $45 billion worth of market capitalization because of the scandal. Ponzi scheme run by Barry Minkow:. Minkow was once known as a whiz-kid who gained national fame as a 16-year-old after founding ZZZZ Best, a carpet-cleaning company, in the garage of his Reseda home in 1982. When ZZZZ Best collapsed in 1987, it cost its investor and banks a bulky amount of $100 million. Synopsis Barry Minkow was born on March 17, 1967 in Reseda, California. March 24, 2011 at 6:51 p. When company stock soared from its IPO price of $6. But the company — a giant Ponzi scheme, it turned out — collapsed in 1987. Barry Minkow Net Worth, Income, Salary, Earnings, Biography, How much money make? August 30, 2021 by NCERT Point Team Barry Jay Minkow (born March 17, 1967) is a former businessman, preacher, and convicted criminal who is now serving a prison sentence. Barry Minkow Gets|Five More Years. Barry Minkow net worth is $8 Million Barry Minkow Wiki: Salary, Married, Wedding, Spouse, Family Barry Jay Minkow (born March 17, 1967) is a former businessman, pastor and convicted felon. Lennar's stock price tumbled $500 million in two days -- 20% of its value -- and Lennar filed libel and extortion lawsuits against Minkow. some $580 million in lost stock value. According to one of the 81 ads for RAD running earlier this week on Facebook and its sibling social-media sites, RAD shares surged from $14. Its were worth a fraction of the initial $300 million valuation when they were auctioned (just $64,000). Barry Minkow Biography. Certainly, his fortune would have come to near a billion-dollar if he hadn’t committed the fraud. The Content Group. 95, 288 pages). He came from a Jewish household in the San Fernando Valley. Minkow was once known as a whiz-kid who gained national fame as a 16-year-old after founding ZZZZ Best, a carpet-cleaning company, in the garage of his Reseda home in 1982. the company’s net income surged from less than $200,000 to more than $5 million on revenues of $50 million” (Knapp 5th Ed. ) In general, how was Barry Minkow able to execute and perpetuate his fraud for so long? I think Barry Minkow was able to get away with his fraud for so long because the regulations were a lot more lenient back then. SEE ALSO: Steve Howe Net Worth. Sandy Huffaker/Bloomberg via GettyFew con men are as notorious as Barry Minkow. But ZZZZ Best – and Barry Minkow – were living a lie. Included with subscription (s): Premier Plus CPE Package. ZZZZ Officials sued. It turned out that on June 27, 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. com | New York Daily News. His net worth has been growing significantly in 2020-2021. Image Source: Instagram/ Amy Nelson. Minkow claimed a net worth of $90 million when was running ZZZZ Best Co. 5-million fine if convicted on all counts. There are now 70 Barry’s across 14 countries. By 21, Minkow was found to have used ZZZZ Best to withdraw $3 million for his personal account and diverted $18. As of 2022, Barry Minkow’s Net worth is $90. Investigations also discovered over a $1 billion worth of errors in accounting transactions. August 5, 2020 11:00am. ZZZZ Best gave authority to private shareholders and the company’s stock worth $18. It is the author's account of Minkow's rise and fall. FILE - In this July 7, 2002 file photo, Barry Minkow, a convicted con artist and the co-founder of the for-profit Fraud Discovery Institute, wears a prison jumpsuit costume as he delivers a sermon. 4m in sales for the nine months ended Jan. As a 1980s California high school sophomore, Minkow founded ZZZZ Best carpet cleaners, which grew at such an astronomical rate that it swiftly turned the 16-year-old into a local (and then national) celebrity. $79. Barry Minkow's comeback story is a powerful tale of redemption and inspiration, of second chances and of setting things right. Dec. S. Minkow was a reformed con man, a rehabilitated swindler who in 1982 at just fifteen years of age started a carpet cleaning empire called “ZZZZ Best. Barry Minkow, the 21-year-old whiz kid entrepreneur who founded the ZZZZ Best carpet-cleaning firm,. Nov. Scott Reckard, Los Angeles Times. Add to Cart Preview. Online & Mobile. Stavro, Barry. filed a lawsuit in Florida state court against Barry Minkow, the Fraud Discovery Institute, Inc. Touré revealed about their wedding only on 23 November 2014 and said that it was a beautiful sunset ceremony on a fine beach. In 1988's court case against Minkow, conflicting portraits of Barry Minkow painted a brilliant con man and a frightened boy in the clutches of the Mafia during opening statements at the securities fraud trial of the carpet cleaning whiz kid. But ZZZZ Best – and Barry Minkow – were living a lie. $3. “I hate to say he’s like a savior, but he wants to protect. Celebrating his 20th birthday and his net worth of $100 million, Barry is rebuked by his mother for valuing. Con Man (2018) cast and crew credits, including actors, actresses, directors, writers and more. He even employed his own parents for a time. Barry Minkow now owes more money than he ever dreamed of bagging. Before he could legally take a sip of alcohol he was worth $100 million and his company was worth three times that. Minkow, Barry. Barry Minkow's Wife Lisa. However, the extended redemption tour came to a crashing halt in 2011, when it was revealed that Minkow had used his Fraud Discovery Institute to engage in insider trading, and also embezzled more. It also led to a net worth valued between $100 million and $315 million, according to a federal financial disclosure he filed this year, which gives dollar values in ranges but does not provide specific figures. Barry Minkow, the owner of this business, claimed that this carpet cleaning company of the 1980s would become the "General Motors of carpet cleaning. , when. Barry Minkow is a convicted conman, and he believes anyone can find redemption. That year, in 2001, the internet stock market bubble burst, yet Fairfield Sentry, one of Fairfield Greenwich’s most. m. A few years later, he was the youngest person in United States history to ever stage a successful stock offering. At the age of 21, Barry J. SAN DIEGO – Former San Diego Community Bible Church Pastor Barry Minkow, a prolific fraudster whose crimes and claimed rehabilitation landed him on 60 Minutes and the cover of Fortune Magazine, was sentenced today to five years in prison for embezzling more than $3 million from his own parishioners and then concealing the funds from the. Minkow would like to. Name: Shawn Merriman Amount: $21M Victims: 67 investors, including his own mother The Con: Merriman, investment broker and lay bishop, defrauded LDS members by creating an "elite fund", and people turned over money in droves—even though he mentioned that he was not a licensed professional. 4 Credits. Also Read: Barry Minkow Net Worth, Wife, Gay, Married. Barry Minkow faces a federal judge in downtown San Diego for sentencing in a theft of $3 million in church funds By Paul Krueger, R. “So in. Times Staff Writer. Barry Minkow started working at the young age of 9 which instilled in him a desire for business. Professional CPE Package. “So in. By his 21st birthday, he successfully takes the company public and boasts a net worth of over 100 million dollars, on paper. Malvika Sitlani Height, Weight, Age, Husband, Family. As a 16-year-old, Minkow started the ZZZZ Best carpet cleaning business in the garage of his parents’ Reseda home and built it into a public corporation worth $280 million. “If you don’t have a change of heart, you are always going to go right back to what you did before,” he said. “I like preventing people from being victimized,” says Barry. The company already lost over $45 billion worth of market capitalization because of the scandal. Amy Nelson lives her life to the fullest. Barry Minkow Net Worth. RESEDA, Calif. 50 a share—an 81 percent drop from its high in February. com aims to be the most comprehensive biography website for Quick, Reliable, and Correct information. His net worth is estimated at $612 million as of 2019. it was me lying to myself saying ‘I’m uncovering a billion dollars worth of fraud,’” he added. the company was worth more than. Barry Minkow, who became a teen. Barry Minkow: Net worth. , owned by Barry Minkow, was a multi millionaires public company who imposes their business as carpet cleaning and restoration industry. S. 15, 1994 12 AM PT. --From publisher description Access-restricted-item true Addeddate 2012-01-13 21:19:02 Bookplateleaf 0003 Boxid IA176601 Boxid_2 CH117401 Camera Canon EOS 5D Mark II CityMugshot. ” In the 1996 Washington Post profile, Minkow said he had turned his life around. Barry Minkow Net Worth. ". At 10, he carried. When Minkow was 16, he started his own carpet cleaning business in his parents’ garage under the name of. Within a year, the company was worth $280 million on the Nasdaq exchange and Minkow had his own Ferrari, BMW and mansion in Woodland Hills. Next. Barry Minkow has admitted not only his fraud, but his omission of over $890,000 in unreported income and over $250,000 in tax. Minkow has uncovered over a billion dollars worth of investment scams. And although he paid a significant $600. The video “Cooking the Books” discussed the ZZZZ Best case of fraud, it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. Prior to this scandal, Enron, a Houston-based energy trading corporation, was the seventh-largest company in the United States based on revenue. Premier CPE Package. This all came to an end in 2011, when he admitted to helping deliberately drive down the stock price. Minkow's secret allegedly was fraud. – Proverbs 26:11 NIV. Certainly, his fortune would have come to near a billion-dollar. Mandy Moody ACFE Social Media Specialist. Zzzz Best Essay. Sandy Huffaker/Bloomberg via GettyFew con men are as notorious as Barry Minkow. She was born in Inglewood on March 22, 1966. It never made a legitimate profit so he decided to cook the books. Add to Cart Preview. March 17, 2011 12 AM PT. 5 million from his San Diego church and its members. 8 million in revenue the year. Barry Minkow is headed back to prison to serve a five-year sentence for securities fraud, but the ex-con who reinvented himself as a. from defrauding investors, today, as cofounder of the Fraud Discovery Institute, he's uncovered over a billion dollars worth of. Decent Essays. Inglewood, California, United States, is the birthplace of. Barry Minkow: Net worth. Taking into account various assets, Barry's net worth is greater than $250,000 - $499,999; and makes between $200 - 249,999 a year. Barry Minkow, a 1980s teen tycoon from Reseda whose ZZZZ Best carpet-cleaning firm turned out to be a Ponzi scheme. Minkow is of American nationality and white ethnicity. Financial Statement Fraud: Lessons from the ZZZZ Best Case. 05:55 – barry’s connection with organized crime people 06:39 – fraud is the skin of the truth, stuffed with a lie 06:59 – i conned the mobsters 07:50 – i was the o. With Barry Minkow, Sally Kirkland, Clint Howard, Michael Bentt. David Brenner Height, Weight, Age, Wife, Net Worth. As of now, the profession of Minkow is unknown, thus his income source and salary are not available. 119). Once an owner of a multi-million dollar carpet cleaning company, today Barry Minkow’s net worth does not even close to $100,000. Disclamer: Barry Minkow net worth are calculated by comparing Barry Minkow's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. For the more interesting story in the life of Barry Minkow, could be about the time he spent millions of dollars and hired hundreds of people in order to make a. In a new interview with the. The 38-year-old Minkow served more than seven years in prison for the infamous 1980s scam. The 1986 headlines proclaimed 20-year-old Barry Minkow a phenomenon as he took his multimillion dollar carpet cleaning firm public. July 8, 1987 12 AM PT. In December of 1988, the 22-year-old was found guilty and sentenced to 25 years in jail, and he was ordered to pay $26 million in restitution. Barry Minkow is one of the nation’s top crime busters. Minkow was once known as a whiz-kid who gained national fame as a 16-year-old after founding ZZZZ Best, a carpet-cleaning company, in the garage of his Reseda home in 1982. Im Jahr 1982 gründet der High-School-Schüler Barry Minkow (Justin Baldoni) eine Teppichreinigungsfirma. He listed the company when he was twenty and at one stage was worth $100 million. [24] Minkow's recent. Lennar’s antagonists were a San Diego real estate developer with whom the company had earlier done business amicably and the notorious con man Barry Minkow. Barry Minkow, once imprisoned for a huge stock market fraud, is now special adviser to the FBI in the wake of Enron and WorldCom. Barry Minkow is a convicted conman, and he believes anyone can find redemption. 👉👉Check out the store: Today's sit down is special because Michael will be sharing the screen with a long-time friend, B. Some commentators referred to him as the Boy. simpson of 1988 08:28 – i went into prison / the mob wanted to kill me 09:23 – michael saved barry minkow’s life 10:10 – the zzzz best scheme takeawayBarry Minkow started ZZZZ Best Carpet at age 16. Barry Minkow is a former businessman, pastor, and convicted felon who. ACC 461 Auditing. The Hustle Best yet, the company was turning a corner, announcing on April 16 it would acquire KeyServ Group in a $25m deal that would bring in cash to pay off loans and investors. For the more interesting story in the life of Barry Minkow, could be about the time he spent millions of dollars and hired hundreds of people in order to make a. Net Worth: – $612 million. When he started his own company in high school, Minkow called it ZZZZ Best. Barry Minkow Wiki: Salary, Married, Wedding, Spouse, Family Barry Jay Minkow (born March 17, 1967) is a former businessman, pastor and convicted felon. April 28, 2014 8:20 PM PT. In this case, the company is Los Angeles-based ZZZZ Best Co. Barry Minkow is a former American businessman, pastor, and fraud investigator. Likewise, she is also the anchor of Spectrum , earlier known as Time Warner Cable, for more than 14 years, joining since January 2007. “So in. Barry is now married. Barry Minkow, the former Reseda business whiz convicted of swindling investors out of more than $26 million, ended roughly seven years in custody. “So in. . -- Wealthy entrepreneurs can point to all kinds of secrets for success. on at least $50 million in revenue for its fiscal year ended April 30 compared to net income of $945,645, or 12 cents a share, on $4. 1:21 - 1:24 He drove a Ferrari, and even appeared on Oprah Winfrey, 1:24 - 1:26 touting to himself and his stock. Barry Minkow now starts his day at 3 a. . During 1985 to 1986, ZZZZ Best’s debt to equity ratio increased by 8600% and the return on equity dropped by more than 75%. But the company — a giant Ponzi scheme, it turned out — collapsed in 1987. Minkow has a net worth. With Armand Assante, Justin Baldoni, Talia Shire, Mark Hamill. The three-episode Discovery+ documentary series King of the Con tells the life story Barry Minkow, an infamous conman turned pastor, who subsequently robbed a church of $3 million dollars. If you were going to start a Hall of Fame for con men, Barry Minkow would have to be one of the first inductees. The video “Cooking the Books” discussed the ZZZZ Best case of fraud, it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. Born and raised in U. S. On paper, Barry was worth 109 Million dollars, and his success and philanthropy had garnered him the. ” The fraud on SDCBC is just the latest fraud perpetrated by Minkow. it was me lying to myself saying ‘I’m uncovering a billion dollars worth of fraud,’” he added. “So in. He became a Wall Street star when he was 20 as the youngest person at that time to take a company public. Securities and Exchange Commission. Minkow was found guilty and received a 25-year jail sentence. Next. Using that story to inflate ZZZZ Best's worth on paper, Minkow turned the company into a hot Wall Street property, garnered at least $26 million in loans and public stock offerings and became a. Explore Barry Minkow net worth, bio, age, height, family, wiki, birthday, career, salary [Last Update 2021]! Famous Pastor Barry Minkow was born on March 22, 1966 in Inglewood. King of the Con is a true crime docu-series about one of the youngest self-made millionaires in the 1980s. com covers news on celebrities across the. Also Read: Barry Minkow Net Worth, Wife, Gay, Married Kate is currently working for the WGRV-TV as a news anchor after joining in January 2018. Only there was no hospital, and Minkow pocketed the money. Usana has partnered with HealthCorps on health education for children and, in 2019,. Barry Minkow Net Worth. While still in high school, he founded ZZZZ Best (pronounced "Zee Best"), which appeared to be an immensely successful carpet-cleaning and restoration company. Beth Barrett October 14, 2010. He is from U. 2 -- While the press hailed him as a young superstar and Wall Street poured millions into his ZZZZ Best carpet cleaning company, Barry Minkow. 50 to well more than $20 in a few months, Beam was suddenly worth millions. Minkow’s 52% of the company’s stock was worth more than $100 million. ”. Minkow, who had taken the company public, claimed a net worth of $90 million and appeared on Oprah as an entrepreneurial whiz kid, served seven years in prison. Today’s court action reaffirms IRS-Criminal Investigation’s. EXCLUSIVE: Barry Minkow, who ran one of the. You might be interested to know more about Barry Minkow. specific cases of criminal conspiracy ranging from the USA to offshore money havens, through Russia and. But in truth, Barry is running a Ponzi scheme and a fraudulent, non-existent business. All information on our site is a result of extensive research and regular updates through trusted and highly qualified editors. Mariska Hargitay has a net worth of $50 million. July 9, 1987 11:59 pm ET. Barry Minkow, owner of ZZZZ Best and one of the most recognized financial swindlers in the 1980s, made the following statement during a private, prison tape interview (Wells 2001,. He was. Despite having debts right, left and center he has an estimated worth of $90 million. APTN News *Famous People in USA; Barry Minkow Biography, Age, Education, Gay, Prison, Movie, Net Worth. By the time he was 21, Minkow. The company's owner, Barry Minkow, predicted that it would replace General Motors as the "General Motors of carpet cleaning" in the 1980s. Seek Lower Bail. Stickney and Andie Adams • Published April 28, 2014. is worth $1 billion to the company that was. Barry Minkow, the 21-year-old. This amount is from his extensive career among. The detective -- whose second job is preaching at an. Minkow was only 16 when he created this company. As of 2022, Barry Minkow’s Net worth is $90 million. He even employed his own parents for a time. they may be worth more or. Five CBD Gummies Worth Trying. Online & Mobile. Touré revealed about their wedding only on 23 November 2014 and said that it was a beautiful sunset ceremony on a fine beach. Barry has 1 job listed on their profile. A wild tale of fraud, carpets, and Hollywood. Be the first to comment Leave a Reply Cancel reply. The story of Barry Minkow, a young charismatic business man who becomes a wealthy CEO by lying, cheating and stealing his way to the top. Reformed fraudster falls off the wagon Former entrepreneurial whiz kid and convicted fraudster, Barry Minkow, struck a deal with federal prosecutors over his most recent fraud scheme involving Lennar Corp. In the three-year period from 1984 to 1987, the company’s net income surged from less than $200,000 to more than $5 million on revenues of $50 million. We have already mentioned about him gifting his wife, a Lamborghini. The Hustle Best yet, the company was turning a corner, announcing on April 16 it would acquire KeyServ Group in a $25m deal that would bring in cash to pay off loans and investors. Scott Reckard and Shan Li, Los Angeles Times. , 304 pages, $18. $583 million in restitution. ZZZZ Best was founded by Barry Minkow in 1982; when he was. pressuring his subordinates to inflate the company's value by $11 billion in order to entice investors and grow his own net worth. A 15-year-old Barry Minkow started a carpet cleaning company in 1980s Los Angeles. That sounds like the Barry Minkow. Minkow is serving consecutive five-year prison terms after pleading guilty in separate fraud-related cases. Barry Minkow Bio, Wiki, Age, Height, Net Worth, Career, Parents, Family. Nathaniel Muir. his subordinates to inflate the company’s value by $11 billion in order to entice investors and grow his own net worth. At just sixteen years of age, Barry Minkow had started his own company. By remaining on this website, you indicate your consent. D. Barry Minkow, founded his carpet cleaning business, ZZZZ Best in his parent’s garage when he was 16 years old. November 3, 1988. it was me lying to myself saying ‘I’m uncovering a billion dollars worth of fraud,’” he added. Just one year later the newspapers told a different story, one of inconceivable fraud and embezzlement. For his movie, Retroactive, Zoltan worked alongside actors Jim Belushi who possesses a net worth of $50 million and Frank Whaley who has a net worth of $3 million. Da es Barry schwerfällt, sich mit seinem Unternehmen am Markt dauerhaft zu behaupten, greift er bald auf fragwürdige Mittel zurück und beginnt, Schecks zu fälschen. Explore Barry Minkow biography, wiki, net worth and salary 2021. While still in high school, he founded ZZZZ Best (pronounced Zee Best), which appeared to be an immensely successful carpetcleaning and restoration company. Barry Minkow is a Pastor. Also Read: Barry Minkow Net Worth, Wife, Gay, Married Touré and Sarah took the wedding vows in an intimate and secret ceremony as they wanted their marriage to be about them. BARRY MINKOW: They give you three to one your money back. . stealing past week's church offerings worth more than $50,000 in cash and checks according to a report by. The former businessman, Barry Minkow’s net worth is under review. 5-million bail, saying that much of the $10. The story of Barry Minkow, a young charismatic business man who becomes a wealthy CEO by lying, cheating and stealing his way to the top. But, due to high competition in. More than a decade from defrauding investors, today, as cofounder of the Fraud Discovery Institute, he’s uncovered over a billion dollars worth of investment scams. Barry started his carpet cleaning business called. In the case of the Prudential Bache loans, Kenner said, Elowsky approved them not on the basis of Minkow’s attentions but because of his financial statement showing a personal net worth of $75. From whiz kid, to convict, to pastor, to fraud fighter, to convict yet again, infamous conman Barry Minkow has become the master of self reinvention. Ordering and Returns. After it was all exposed, Minkow headed to prison for nearly eight years. Barry Minkow > Crime:. Online & Mobile. Barry Minkow would be one of the first inductees. Minkow's attorney provided a copy of this letter as. 貝利·米克 （Barry Minkow，1967年3月17日－）有著一個令人難以置信的白手起家青年的故事，其善於利用口才，其創立了一個的「Z最好」公司（ZZZZ Best），並且搭上了美國80年代快速致富的年代，利用吸引投資人的方法，在上市後被投資者瘋狂支持。. Nineteen-year-old Barry Minkow’s life seems a kind of parody at first, an elaborate spoof of society’s obsession with success. Synopsis Barry Minkow was born on March 17, 1967 in Reseda, California. Oct. 4 Credits. July 22, 2011 12 AM PT. SAN DIEGO (CN) - Serial con man Barry Minkow was sentenced Monday to five years in prison for embezzling more than $3 million from parishioners of a church he led after getting out of prison the first time. who had bought $25 worth of flowers at a company Minkow secretly owned and found themselves with an unauthorized $611 charge. In addition to making more money each day, Barry Minkow is becoming more well-known. 4, 1988 12 AM PT. The problem was, the entire operation was a mob. Discovery+ The five-year stint that year was the outcome of using his work as a fraud detector to commit securities fraud, and then for the embezzlement of $3 million from his San Diego church. The assets. New documentary “King of the Con” on Discovery+ digs into the life and crimes of Barry Minkow. $8 Million Barry Minkow Wiki: Salary, Married, Wedding, Spouse, Family Barry Jay. /. I was communicating with the chair of the SEC before that,” Barry Minkow, 55, exclusively told HCV in a phone. Author. /. Within a year, the company was worth $280 million on the Nasdaq exchange and Minkow had his own Ferrari, BMW and mansion in Woodland Hills. The pair seems to be a social patron, and they adopted two children, Dylan Gene Minkow and Robert Irwin Minkow. Apr 7, 2021. So, in this article, we discussed all information about Barry Minkow's net worth, wiki, bio, career, height, weight, family, pics, affairs, car, salary, age, and other details in 2023. founder Barry Minkow angrily exploded under cross-examination Wednesday, accusing the FBI of failing to protect him when his company was under siege by mobsters and. Barry: The Afterlife After being released from jail in 1995, Minkow became a preacher and a fraud investigator, and he spoke at schools about ethics. He became a Wall Street. ZZZZ. When he needed cash in 1984, he forged $13,000 worth of money orders from a. His net worth is $850,000. Barry Minkow, who as a teen built a fortune out of his ZZZZ Best carpet-cleaning business in Reseda before it collapsed as a fraud, was sentenced to five years in prison. While still in high school, Minkow founded ZZZZ Best (pronounced Zee Best), which appeared to be an immensely successful carpet-cleaning and restoration company. 00. By his 21st birthday, he successfully takes the company public and boasts a net worth of over 100 million dollars, on paper. It's free to sign up and bid on jobs. Certainly, his fortune would have come to near a billion-dollar if he hadn’t committed the fraud. The organization turned out to be extremely fruitful, and in a matter of seconds, it fell, costing the financial backers and loan specialists an extensive obligation which later ended up being the biggest extortion ever in history done. Barry Minkow started working at the young age of 9 which instilled in him a desire for business. $3. By E. The problem was, the entire operation was a mob-funded Ponzi scheme, and it eventually netted Minkow 25.