Quantcast
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

State wants $2615 from Barry Minkow

But imprisoned ex-minister owes $612 million for his sins

Barry Minkow in an '80s carpet-cleaning ad
Barry Minkow in an '80s carpet-cleaning ad

San Diego's most famous (or infamous) man of the cloth owes the state $2615, according to a report from the Franchise Tax Board. His address is listed as 1 Federal Way in Atwater, California. That is Atwater High, a high-security federal penitentiary that also has a minimum-security satellite camp.

Minkow, 51, owes more than $600 million as a result of his crimes, so the state may have to wait.  He has a most interesting past: he pulled a huge Ponzi scheme that started when he was in high school. He got caught and was sentenced to 25 years. But he claimed he found God ("born again until out again"), was sprung from the big house, and was named pastor of San Diego Community Bible Church in 1997.

He formed the Fraud Discovery Institute on church property. He would discover corporate frauds, publicize them, and bet the stock would go down. Actually, he did some very good reports. According to Fortune magazine, he got paid off sub rosa by some of these companies.

But he took on the big builder, Lennar Corp. His so-called revelations sent the stock plunging. Minkow was tried and convicted of fraud. Also, he defrauded the church through such tricks as forging signatures on church checks, using church funds for his own activities, and other transgressions. He also fleeced some of the parishioners. He gets out June 6, 2019.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Wall of Moms MAGA?

Non-profit expands efforts to include stopping flow of drugs to kids
Barry Minkow in an '80s carpet-cleaning ad
Barry Minkow in an '80s carpet-cleaning ad

San Diego's most famous (or infamous) man of the cloth owes the state $2615, according to a report from the Franchise Tax Board. His address is listed as 1 Federal Way in Atwater, California. That is Atwater High, a high-security federal penitentiary that also has a minimum-security satellite camp.

Minkow, 51, owes more than $600 million as a result of his crimes, so the state may have to wait.  He has a most interesting past: he pulled a huge Ponzi scheme that started when he was in high school. He got caught and was sentenced to 25 years. But he claimed he found God ("born again until out again"), was sprung from the big house, and was named pastor of San Diego Community Bible Church in 1997.

He formed the Fraud Discovery Institute on church property. He would discover corporate frauds, publicize them, and bet the stock would go down. Actually, he did some very good reports. According to Fortune magazine, he got paid off sub rosa by some of these companies.

But he took on the big builder, Lennar Corp. His so-called revelations sent the stock plunging. Minkow was tried and convicted of fraud. Also, he defrauded the church through such tricks as forging signatures on church checks, using church funds for his own activities, and other transgressions. He also fleeced some of the parishioners. He gets out June 6, 2019.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Tacos Lily: good enough for Anthony Bourdain!

I raise my Tecate to the Master.
Next Article

Treetop Tutoring Center: Jeanne Volk‘s triple tutoring whammy

“Kids miss school friends they were used to seeing and playing with most days.”
Comments
6

I'm just wondering if he'll try and restart his movie project about his life? Once a narcissist and con man, always a narcissist and con man. Kudos to the management team at Lennar Corp for weathering the financial damage and blackmail by Minkow and exposing his the con job. My sympathies to all his victims at the San Diego church. In many cases their lives were and still are forever changed negatively.

Sept. 2, 2017

JustWondering: Supposedly, that movie will come out this year, according to Hollywood trade information. A guy who has a San Diego home, Bruce Caulk, has been trying to save that movie. The original take starred such names as Mark Hamill and James Caan. Minkow himself was raising money (including from parishioners) for the movie. He intended to play himself in middle age. (See my column of Feb. 25, 2015.)

I think a fascinating psychological study could be made of Minkow, making the point that once a con man, always a con man. The sociopathic personality may be there at birth, and not influenced greatly by the environment. A movie -- perhaps a documentary -- might be able to bring that out. It remains to be seen whether Caulk can rescue that footage. Best, Don Bauder

Sept. 2, 2017

I hadn't heard or read that the film was or has been rescued. While I know Minkow was ripping off money to finance it, just wondering if he had ownership rights too? If so, AND, if it's ever released, it may (really wishful thinking) become a revenue source for Minkow's victims. I know, pennies on the dollar, if that. Or would be just another con job?

Sept. 4, 2017

JustWondering: Yours is an excellent question and I don't know the answer to it. Yes, Minkow used deceit to raise money to finance the film. That's one reason he got another five year sentence.

But I question whether Minkow has sole rights to the film. Bruce Caulk, the producer, appears to be going ahead with the movie and was doing so in 2015 when my column appeared. It doesn't appear to me that Minkow has absolute ownership rights. I personally have signed such contracts with movie producers, and I seem to remember that I signed over the rights for a certain period. Best, Don Bauder

Sept. 4, 2017

Barry Minkow should never ever be allowed out of jail. My late brother, diagnosed schizophrenic, joined his "church" a "Jews for Jesus" (we are a Jewish family) place of worship in the late 1990's through to his death June 2008. Minkow took advantage of my mentally ill brother until my bro died in a car crash...and even at the funeral he was soliciting funds from our family. Thank goodness my brother is not here to see what a POC this con is and how all his friends were taken. Shame on him for all the beautiful heartfelt people he bilked out of millions. Any money made should be restitution to the good people who he screwed.

Sept. 6, 2017

ICare: Unfortunately, financial swindles don't lead to life sentences. I am sorry to hear about your late brother. Incidentally, Minkow was of the Jewish faith until he purportedly turned born-again Christian while in prison. He got out, was named minister of a Christian San Diego church, and continued his swindling career. However, as a fraud sleuth, which he did while heading the truth, he did put out some very good reports. Allegedly, he was bought out by the companies he fingered. But he bit off more than he could chew with Lennar, and then began swindling some of his parishioners. Best, Don Bauder

Sept. 6, 2017

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer News — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close