Con Man: Directed by Bruce McAlester. In 2011 in Miami, a federal judge sentenced Minkow to five years in prison for involvement in a scam that cost homebuilder Lennar Corp. Faking It in America: Barry Minkow and the Great ZZZZ Best Scam by Joe Domanick. 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. Lisa Minkow, who married Barry in February 2002 after dating him for about eight months, believes scam-hunting is his way of atoning. it was me lying to myself saying ‘I’m uncovering a billion dollars worth of fraud,’” he added. Los Angeles Times, 1987-07-03. RAD’s real estate holdings nationwide were worth some $24 million as of last fall, the company has reported. stealing past week's church offerings worth more than $50,000 in cash and checks according to a report by. 4 Credits. The tale of betrayal made the three-time felon one of the worst white-collar criminals according a federal judge. The detective -- whose second job is preaching at an. While still in high school, he founded ZZZZ Best (pronounced Zee Best), which appeared to be an immensely successful carpetcleaning and restoration company. The three-episode Discovery+ documentary series King of the Con tells the life story of Barry Minkow, an infamous conman turned pastor, who subsequently robbed a church of $3 million dollars. Next. 00. “So in. Certainly his actions would fully support what many think. Barry Minkow was a “compulsive debtor” who had an uncontrollable need for. As of 2022, Barry Minkow’s Net worth is $90. 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. it was me lying to myself saying ‘I’m uncovering a billion dollars worth of fraud,’” he added. SEE ALSO: Steve Howe Net Worth. At the age of 16, Minkow started a. Sandy Huffaker/Bloomberg via GettyFew con men are as notorious as Barry Minkow. Former pastor and con man, Barry Minkow, age 48, was sentenced to five years in federal prison for stealing $3. The company already lost over $45 billion worth of market capitalization because of the scandal. Faizon Love Arrested, Controversies, Relationship, Net Worth, Wiki-Bio. The Canadian businessman was sentenced. $3. By John Heinis/Hudson County View “The record shows, FOIA request prove, that in August 2020 I filed a report with the SEC on a whistleblower statute and filed a report. Add to Cart Preview. Barry Minkow: Social Media. , 304 pages, $18. Barry Minkow, once imprisoned for a huge stock market fraud, is now special adviser to the FBI in the wake of Enron and WorldCom. By E. Barry Minkow started working at the young age of 9 which instilled in him a desire for business. Barry Jay Minkow. 2 -- While the press hailed him as a young superstar and Wall Street poured millions into his ZZZZ Best carpet cleaning company, Barry Minkow. Barry Jay Minkow (born March 22, 1966) is a former American businessman, pastor, and convicted felon. Lisa Palmer, Carole Minkow, Sheri Werner, Robert Minkow and Teresa Minkow, and many others are family members and associates of Barry. Presenters. 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. Ordering and Returns. Product Policies. 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. Cleaning Up is Barry Minkow’s comeback story-a powerful a tale of redemption and inspiration, of second chances and setting things right. . Barry Minkow Wiki 2023, Height, Age, Net Worth 2023, Family - Find facts and details. j. Barry Jay Minkow . The Canadian businessman was sentenced to 25. 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. , and attorney fees and damages — which the home builder has previously estimated at hundreds. Minkow also admitted, among others things, that he stole $300,000 from a widowed grandmother who is trying to raise her teenage. Barry Minkow Net Worth. 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. By admin June 20, 2023. Barry Minkow is not active on social media like Instagram, Facebook, and Youtube. The problem was, the entire operation was a mob-funded Ponzi scheme, and it eventually netted Minkow 25. You got a check that says. But two years ago, aged 55, he retired to make horror. How Barry Minkow, the scam artist, could reinvent himself and get rich many times. 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. New documentary “King of the Con” on Discovery+ digs into the life and crimes of Barry Minkow. Inset photo of Barry Minkow. Barry Minkow, the owner of this business, claimed that this carpet cleaning company of the 1980s would become the "General Motors of carpet cleaning. they may be worth more or. “I like preventing people from being victimized,” says Barry. The former businessman, Barry Minkow’s net worth is under review. Lisa Palmer, Carole Minkow, Sheri Werner, Robert Minkow and Teresa Minkow, and many others are family members and associates of Barry. This all came to an end in 2011, when he admitted to helping deliberately drive down the stock price. What Is Barry Minkow Net Worth? Barry Minkow was once a millionaire and also at a young age. King of the Con: With Barry Minkow, Don Ray, Jonathan Meyers. March 25, 2011 12 AM PT. Enron (2001) - $500 Million . ZZZZ Best is a bankrupt company that was owned by Barry Minkow in the 1980s. Celebrating his 20th birthday and his net worth of $100 million, Barry is rebuked by his mother for valuing. Andy Milder appeared as Mr. Barry Minkow Height. -- Wealthy entrepreneurs can point to all kinds of secrets for success. VimBuzz. 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. A poor boy from the San Fernando Valley who was determined to build a different life from his parents, Barry Minkow had big dreams of money and success early on. , Briarwood Capital, LLC, Nicolas Marsch III, and several unnamed defendants. m. Sandy Huffaker/Bloomberg via GettyFew con men are as notorious as Barry Minkow. Malvika Sitlani Height, Weight, Age, Husband, Family. According to a recent analysis o and the business insiders, we have got that the estimated net worth of Barry Minkow is more than a couple of million. But the company — a giant Ponzi scheme, it turned out — collapsed in 1987. He has amassed this net worth from his over five decades in the Entertainment industry. Contemporary Books Inc. And for all these, he has spent more than 15 years in federal prison. He was sentenced to 25 years in prison for securities fraud and embezzlement. Barry Minkow now owes more money than he ever dreamed of bagging in a Ponzi scheme. Barry Minkow - Speaker *Convicted Fraudster *The ACFE does not compensate convicted fraudsters Show More John D. Are you. Background photo via nria. CBS. Times Staff Writer. Premier CPE Package. Today’s court action reaffirms IRS-Criminal Investigation’s. Part two: As a self-professed scam-buster at Mira Mesa’s Fraud Discovery Institute, conman-turned. Net Worth in 2021: $1 Million – $5 Million: Salary in 2020: Under Review:. Barry Minkow is a Pastor. , CFE - Speaker President Association of Certified Fraud Examiners Show More Policies CPE Credit. 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. Minkow secured the. 1 The offering price per share is calculated based on the net asset value (NAV) of the company divided by the number of outstanding common shares. 00. He became a Wall Street. $71. Add to Cart Preview. The 38-year-old Minkow served more than seven years in prison for the infamous 1980s scam. Only there was no hospital, and Minkow pocketed the money. Barry Minkow Wiki 2023, Height, Age, Net Worth 2023, Family - Find facts and details about Barry Minkow on wikiFame. January 15, 2022. 23 in January 2021 to $18. Daniel Akst's story on Barry Minkow, founder of the ZZZZ Best carpet cleaning firm, painted a picture of a man who is only interested in conning his customers out of their money. There are now 70 Barry’s across 14 countries. Barry Minkow at the gym with his son. $8 Million Barry Minkow Wiki: Salary, Married, Wedding, Spouse, Family Barry Jay. Sandy Huffaker/Bloomberg via GettyFew con men are as notorious as Barry Minkow. Premier CPE Package. who had bought $25 worth of flowers at a company Minkow secretly owned and found themselves with an unauthorized $611 charge. 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. 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. By Minkow's estimate, he has uncovered $1 billion worth of fraud over the years. He once had a very impressive resume; he founded his first company while he was still in high school. 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. The rest of the story is sadly. What is Barry Minkow net worth? Barry Minkow could end up owing $1 billion if he lives long enough. Minkow purchased $20,000 of put options on Lennar prior to releasing his scathing, and apparently false report, on the company. Amy Nelson lives her life to the fullest. “I hate to say he’s like a savior, but he wants to protect. 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. ZZZZ Best is a bankrupt company that was owned by Barry Minkow in the 1980s. Net Worth. From whiz kid, to convict, to pastor, to fraud fighter, to convict yet again. Stavro, Barry. Only there was no hospital, and Minkow pocketed the money. You might be interested to know more about Barry Minkow. 00. Before he could legally take a sip of alcohol he was worth $100 million and his company was worth three times that. In the three-year period from 1984 to 1987, the company’s net income. Please note: To be eligible for CPE credit, you must complete the final exam within one year of. As of this date, Lisa is married. 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. Minkow said he didn't profit off the tumble. 4 Credits. it was me lying to myself saying ‘I’m uncovering a billion dollars worth of fraud,’” he added. That year, in 2001, the internet stock market bubble burst, yet Fairfield Sentry, one of Fairfield Greenwich’s most. Before moving to Lisa's current city of Crossville, TN, Lisa lived in North Hollywood CA and Sherman Oaks CA. Minkow started a carpet cleaning business, ZZZZ Best Carpet and Furniture Cleaning, while still in high school and by the age of 19 he took the company public on the New York Stock Exchange with. He took the company public when he was only 20, raising $280 million on Wall Street. Other than that, he resides in a luxurious home with his family. Minkow’s 57 charges included credit card fraud, embezzlement, securities fraud, money laundering, tax evasion, racketeering, and mail fraud. is worth $1 billion to the company that was. At the age of 21, Barry J. Professional CPE Package. Barry started his carpet cleaning business called. If you were going to start a Hall of Fame for con men, Barry Minkow would have to be one of the first inductees. Barry Minkow Gets|Five More Years. 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. byNarrator: At the age of 16, Barry Minkow started a carpet cleaning service in his garage. At just sixteen years of age, Barry Minkow had started his own company. Barry Minkow is a former American businessman, pastor, and fraud investigator. By. Barry Jay Minkow is a former American businessman, pastor, and convicted felon. It went well. As of 2022, he has an estimated net worth of. Fallen carpet-cleaning mogul Barry Minkow was portrayed on Tuesday as a consummate swindler driven by insatiable greed and a limitless ego and not--as. as cofounder of the Fraud Discovery Institute, he's uncovered over a billion dollars worth of investment scams. 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. This story originally aired on May 22, 2005. At age 15, he started a carpet-cleaning business called Zzzz Best, which came to be valued at $280 million. We have already mentioned about him gifting his wife, a Lamborghini. Barry Minkow 2. Minkow initially wasn’t concerned, since he’d prevailed before in similar cases on free-speech grounds. fraud. By KIM MURPHY. Despite having debts right, left and center he has an estimated worth of $90 million. Barry Minkow whose birth name is Barry Jay Minkow is a former American businessman, pastor, and convicted felon. In less than ten years, Barry Minkow had made enough money to where he was considering buying the Seattle Mariners. Open Document. Barry Minkow whose birth name is Barry Jay Minkow is a former American businessman, pastor, and convicted felon. pressuring his subordinates to inflate the company's value by $11 billion in order to entice investors and grow his own net worth. Minkow claimed a net worth of $90 million when was running ZZZZ Best Co. But ZZZZ Best – and Barry Minkow – were living a lie. Times Staff Writer. $89. Professional CPE Package. Barry Minkow Net worth 2023 (estimated) How much is Barry Minkow worth?View Barry Minkow’s profile on LinkedIn, the world’s largest professional community. 8 billion worth of normal operating. 877 Words. Finally, he incorrectly assumed that the modernization plant program worth $6 million total was made at the correct time. Online & Mobile. Barry Minkow Wiki: Salary, Married, Wedding, Spouse, Family Barry Jay Minkow (born March 17, 1967) is a former businessman, pastor and convicted felon. He took it public at age 20 and was briefly worth about $100 million on paper. 4 Credits. 50 to well more than $20 in a few months, Beam was suddenly worth millions. We have 0 solutions for your book! Solutions. In 2011, he pleaded guilty to conspiring to damage Lennar by issuing reports calling the. Kenner and Minkow’s other newly hired attorney, Anthony Brooklier, filed a new motion Thursday seeking to reduce Minkow’s $1. Minkow had claimed a net worth of $90 million, drove a red Ferrari with a "ZZZZ BEST" license plate and appeared on Oprah. He later became a pastor and a fraud buster, but was again convicted of embezzling from Herbalife. “So in. Barry Minkow now owes more money than he ever dreamed of bagging in a Ponzi scheme. Today's court action reaffirms IRS Criminal Investigation's commitment to investigating crimes involving tax and other financial crimes. Caan’s father was arrested after being accused by a Los Angeles rap artist of pulling a gun on him. Members Savings: $17. A quarter century ago, a brilliant L. Next. KING OF THE CON, now streaming on discovery+, gives true crime fans the ultimate look at how a scam artist can reinvent himself and get rich - many times over. Certainly, his fortune would have come to near a billion-dollar if he hadn’t committed the fraud. Minkow, who is accused of securities fraud, bank fraud, mail fraud, tax evasion and money laundering, faces a maximum of 350 years in prison and a $13. 15, 1994 12 AM PT. Then Barry Minkow, a former stock fraud felon, wrote and submitted a 500-page report basically alleging the company was a pyramid scheme and committed illegal practices to gain their outstanding profits. Lennar's stock price tumbled $500 million in two days -- 20% of its value -- and Lennar filed libel and extortion lawsuits against Minkow. Fame. Mr. So, how much is Barry Minkow worth at the age of 55 years of age. 5-million fine if convicted on all counts. In a new interview with the. Never Miss: Barry Minkow Net Worth, Wife, Gay, Married. As of now, the profession of Minkow is unknown, thus his income source and salary are not available. Conversation with a Fraudster Barry Minkow On Demand Webinar. wiki. In addition, the Court ordered Minkow to pay $583,573,600 in restitution. His net worth has been growing significantly in 2022-2023. One of which is Barry Minkow. Let’s check, How Rich is Barry Minkow in 2019? According to Wikipedia, Forbes & Various Online resource, Barry Minkow’s estimated net worth Under Review . Barry Minkow Social Media Accounts. Tricked people into believing my company was worth millions to. July 8, 1987 12 AM PT. D. [24] Minkow's recent. Barry Minkow Net worth 2023 (estimated) How much is Barry Minkow worth?“I was so completely mesmerized by Barry Minkow,” Berman says. Included with subscription (s): Premier Plus CPE Package. Barry Minkow testified Friday that he provided money for cocaine on. • He was also exposed by Los Angeles Times investigation, which stated that the company was involved in credit card fraud scam. By his 21st birthday, he successfully takes the company public and boasts a net worth of over 100 million dollars, on paper. When company stock soared from its IPO price of $6. Minkow’s 52% of the company’s stock was worth more than $100 million. playlist_add. . When Minkow was 16, he started his own carpet cleaning business in his parents’ garage under the name of. Minkow's stake was worth $100 million. New documentary “King of the Con” on Discovery+ digs into the life and crimes of Barry Minkow. He was born on March 22, 1966, in Inglewood, California to a Jewish family. Minkow’s first appearance in the spotlight was when he founded his wildly. As of now, the profession of Minkow is unknown, thus his income source and salary are not available. 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. As Barry Minkow prepared to be sentenced a second time for securities fraud, he appeared in a familiar role: repentant, apologetic, acknowledging deep character flaws and expressing hope he can. 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. Cool Cannabidiol From Kauai — A Guide To The CBD Hawaiian Haze Hemp Strain. LEAVE A REPLY Cancel reply. 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 in truth, Barry is running a Ponzi scheme and a fraudulent, non-existent business. 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. Minkow is so persuasive his own prosecutor wrote in favor of terminating his probation in a July 22, 2002 letter to a federal judge. Carpet cleaning entrepreneur Barry Minkow was the victim of "battered wife syndrome" who was beaten, threatened at gunpoint and nearly drowned by a clan of mobsters who had taken over his company. Minkow’s attacks knocked more than $500 million off the stock market value of Lennar. By Linda Deutsch. Mariska Hargitay has a net worth of $50 million. Barry Jay Minkow is a former American businessman, pastor, and convicted felon. Ranked By Net Worth. Victims, including his own mother,. Its were worth a fraction of the initial $300 million valuation when they were auctioned (just $64,000). In December of 1986, ZZZZ Best went public and eventually had a market valuation of more than $200 million. his subordinates to inflate the company’s value by $11 billion in order to entice investors and grow his own net worth. In sentencing him Thursday, Judge Patricia Seitz also ordered him to pay $583 million in restitution. At age 15, he started a carpet-cleaning business called Zzzz Best, which came to be valued at $280 million. Barry Minkow says the answer rests in understanding the psychology of fraud, a concept that’s all too familiar to him. This is because, as a result of the consequently declining sales, SureCut Shears ultimately further pushed itself into a deeper hole. On the eve of Barry Minkow's. March 22, 2023. “So in. the company was worth more than. Minkow has a net worth of $200,000. When ZZZZ Best collapsed in 1987, it cost its investor and banks a bulky amount of $100 million. The rest of the story is sadly. Age, Net Worth, Husband. Conversation with a Fraudster Brett Johnson On Demand Webinar. We would like to show you a description here but the site won’t allow us. Prosecutors won a concession of their own when Kenner agreed not to oppose introduction of evidence that Minkow forged more than $7,000 worth of stolen insurance. Premier CPE Package. m. He was convicted of fraud and became a prison inmate for over 7 years subsequent to his misdeeds. Never Miss: Barry Minkow Net Worth, Wife, Gay, Married. Lisa also answers to Lisa Ann Palmer, Lisa A Palmer and Lisa A Minkow, and perhaps a couple of other names. Let’s check, How Rich is Barry Minkow in 2019? According to Wikipedia, Forbes & Various Online resource, Barry Minkow’s estimated net worth Under Review . Barry Minkow. " The fraud on SDCBC is just the latest fraud perpetrated by Minkow. /. A 15-year-old Barry Minkow started a carpet cleaning company in 1980s Los Angeles. 00. 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. 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. Minkow has experienced degrees of fame, fortune and notoriety that few people achieve in a lifetime. Touré revealed about their wedding only on 23 November 2014 and said that it was a beautiful sunset ceremony on a fine beach. Non-Members. Prior to this scandal, Enron, a Houston-based energy trading corporation, was the seventh-largest company in the United States based on revenue. . Minkow is of American nationality and white ethnicity. Indeed. At twenty, he had taken his multimillion-dollar carpet cleaning firm public. But in truth, Barry is running a Ponzi scheme and a fraudulent, non-existent business. 4m in sales for the nine months ended Jan. show more content… Minkow became a billionaire and an American success story. According to a Fortune magazine profile of Barry Minkow, during the production of the biopic based on the investor’s life, Caan socialized with Minkow and was made aware by him that the financing of the film involved illegally. But ZZZZ Best – and Barry Minkow – were living a lie. March 23, 2023. 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. LOS ANGELES, NOV. Professional CPE Package. He came from a Jewish household in the San Fernando Valley. James Caan Net Worth. 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. . 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. Certainly, his fortune would have come to near a billion-dollar if he hadn’t committed the fraud. He is also the founder of ZZZZ Best. Movies. Minkow was a famous millionaire as a teenager in the 1980s for founding the ZZZZ Best carpet cleaning company, which became embroiled in a $100 million fraud. By May 1987, on the eve of the takeover, the Los Angeles Times published an article detailing that Minkow had previously been involved in $72,000 worth of fraudulent charges and was still refusing. We have already mentioned about him gifting his wife, a Lamborghini. Barry Minkow’s real name is Barry Jay Minkow, and he was born on March 17, 1966 in Reseda, California. [16] The company now had 1,030. But ZZZZ Best turned. ACFE Ethics CPE. 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. Certainly, his fortune would have come to near a billion-dollar. 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. Another church member — a retired grandmother with health issues — says Minkow left her with about $300,000 in unpaid loans; a third says Minkow forged his name on a $100,000 loan guarantee; a. ”. ZZZZ Officials sued. In this case, the company is Los Angeles-based ZZZZ Best Co. While still in high school, he founded ZZZZ Best (pronounced "Zee Best"), which appeared to be an immensely successful carpet-cleaning and restoration company. Description. Touré and Sarah took the wedding vows in an intimate and secret ceremony as they wanted their marriage to be about them. 04, which became the new calculated selling price per share as of March 15, 2023. Author. ”This “diploma” was cited in numerous SEC filngs by the. At the height of. “When we started the company my net worth wasn’t even $100,000,” he said. On paper, Minkow himself was worth $109 million. net. though it recorded a 7% drop in net sales during its 2019 annual report. $79. This website stores data such as cookies to enable essential site functionality, as well as marketing, personalization, and analytics. Once an owner of a multi-million dollar carpet cleaning company, today Barry Minkow’s net worth does not even close to $100,000. 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. Barry Minkow is a convicted conman, and he believes anyone can find redemption. 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. Using forgery and theft, Minkow and his associates appeared to be building a multi-million dollar corporation . ”. Barry Minkow, the 21-year-old. Nathaniel Muir. March 25, 1989 12 AM PT. Estimated Net Worth. Dropbox, as I mentioned, keeps it simple. November 3, 1988. But the company — a giant Ponzi scheme, it turned out — collapsed in 1987. 16-year-old Barry Minkow starts a carpet cleaning business called ZZZZ Best out of his garage. 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. , a publicly traded carpet cleaning company, in the 1980s. net.