Barry Minkow

Barry Minkow (born March 17, 1967) was an American teenage entrepreneur who managed to present the front of a successful businessman for a number of years during the 1980s. He was convicted of fraud and became a prison inmate for over 7 years subsequent to his misdeeds. During his time in prison Minkow became involved in Christian ministry, which continued upon his probationary release from prison in April, 1995. Today he is senior pastor of a San Diego, California church, having renounced and forsaken his previous misdeeds. Minkow is also a recognized fraud expert, and speaks on the subject to university students and the business community in an effort to prevent fraud.

Recent developments

The original judgment on behalf of investors and lenders against Minkow was dismissed in 2002 by U.S. District Court judge Dickran Tevrizian, Minkow's judge at his 1987 sentencing. His probation was also cut short as of the fall of 2002. Currently the former convict's outstanding monetary debt remains with Union Bank of California, with principal and interest totalling around $19 million (USD) as of 2004. Minkow pays up to 30 per cent of his $68,500 (USD) yearly salary each month to the bank, and lives in a modest Imperial Beach, California stucco house so as to continue to be able to repay the debt in at least a partial way. Additionally, the great majority of his speaker's fees go to pay those he earlier had victimized. Minkow has repaid his victims each month for 12 consecutive years. He is married to his wife Lisa, and they live with two adopted Guatemalan children and three dogs in their southwest San Diego County home.

Related Topics:
2002 - Union Bank of California - Principal - Interest - As of 2004 - Imperial Beach - San Diego County

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