Professor Elam

anuary 31 2014

Bary Minkow was a boyish legend taking ZZZZ Best public when he was but 22 years old. But Best turned out to be a Ponzi Scheme. He emerged from prison, got a divinity degree from Liberty University and becam pastor at Community Bible Church in San Diego.  He founded a fraud institute and claimed to have gone straight. He authored a book, Cleaing Up. 

But, he just could not help himself. He was convicted of stock manipulation in Lenar Homes and sent to prison for five years. Now it comes to light that he embezzled $3 Million from his Church, whoops, another five years to do. 

Please read the column, you will encounter fraudsters in your accounting career.