This week The Pack is joined by a man who needs no introductions to anyone in the world of finance. Barry Jay Minkow, former American businessman, pastor, and 2x convicted felon, is now turned, fraud hunter.
At 16, Minkow founded ZZZZ Best, an immensely successful carpet cleaning and restoration company. However, it was a front to attract investment for a massive mafia-funded Ponzi scheme. ZZZZ Best collapsed in 1987, costing investors and lenders $100 million in one of the largest investment frauds ever perpetrated by a single person and one of the largest accounting frauds in history. It is often used as a case study of accounting fraud.
After being released from jail, Minkow became a pastor and fraud investigator in San Diego and spoke at churches and schools about ethics. This ended in 2011 when he admitted to helping deliberately drive down the stock price of homebuilder Lennar and was ordered back to prison for five years. Three years later, Minkow admitted to defrauding his church and was sentenced to an additional five years in prison. He is subject to restitution requirements totaling $612 million.
With his sidekick from prison, "The Big Homie," Minkow now uses his abilities to expose fraud and launches a new podcast called “Fraud Factor” Sit back and enjoy some tales from a HOF of financial scams and a bad guy turned good.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!