Barry Minkow Net Worth

Barry Jay Minkow is a former American businessman, pastor, and convicted felon. He was born on March 22, 1966  in Inglewood, California to a Jewish family.

Later, this company appeared to be a front to attract investment for a massive Ponzi scheme which collapsed in the year 1987.

This collision of the company costs somewhere around $100 million to investors and lenders making it one of the biggest investment frauds ever executed by a single person.

This fraud is considered to be one of the biggest accounting frauds ever happened. This scheme of Barry is used as a case study of accounting fraud very often.

In January 1988, Barry along with 10 others was summoned on 54 counts of racketeering, securities fraud, money laundering, embezzlement, mail fraud, tax evasion, and bank fraud.

On December 14, Barry was found guilty on all charges and sentenced to 25 years in jail on March 27, 1989. Barry was also placed on probation for five years.

After his release from jail in 1995, Barry decided to work as Pastor of Evangelism at the Church at Rocky Peak in Chatsworth, California.