Ed Bedford 1:30 p.m., Dec. 4
Former San Diego pastor Barry Minkow was sentenced today (July 21) in Miami to five years in prison for committing securities fraud. While in his teens, Minkow had launched a carpet-cleaning company that turned into a $211 million fraud. He was sentenced to 25 years, but got religion and got out early, becoming pastor of San Diego's Community Bible Church. While serving as a minister, he set up the Fraud Discovery Institute that tracked corporate wrongdoing. He wrote books and put on seminars for the government. But he got into trouble making false and misleading statements about Miami homebuilder Lennar Corp., according to the government. He pleaded guilty in March, and after resigning from the church, left San Diego with his family. The judge ordered him to pay $583 million in restitution.
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- Minkow may face criminal charges related to his former church — Sept. 25, 2013
- Minkow Owes $584 Million — June 17, 2011
- Make $ in a Pyramid: Bet Against It — May 14, 2008
- Speak No Evil? — March 15, 2007
- God's Scammers — March 18, 2004