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ZZZZ Best |
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ZZZZ Best A company established in the 1980s that engaged in massive fraud. Originally a carpet cleaning company, it later began insurance restoration services. It went public in 1996 and eventually acquired a market capitalization of more than $100 million. Unfortunately, much of that was stolen or simply fabricated. In addition to engaging in aggressive accounting, ZZZZ Best's CEO, Barry Minkow, borrowed from organized crime groups and lied to shareholders about insurance contracts that did not exist. Minkow was eventually convicted and sent to federal prison. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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No references found | A historical look at massive fraud cases supports Kranacher's latter point: Barry Minkow of ZZZZ Best infamy, Ivan Boesky, WorldCom's Bernard Ebbers and the Rigas family in Adelphia the list goes on. Byline: Dana Bartholomew Staff Writer The call came in for Barry Minkow, the onetime San Fernando Valley whiz-kid con artist who'd just served 7 1/2 years for bilking investors out of $26 million in the notorious ZZZZ Best carpet cleaning company fraud. ZZZZ Best stock traded publicly, opening at $4 and climbing to nearly $19 per share within 4 months of its initial offering. |
ZZZZ Best |
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