This columnist gig really pulls me out of my socioeconomic bubble.
One day, I could be interviewing a billionaire. The next, a homeless person.
Two-time convicted felon Barry Minkow has expanded my horizons even further.
Homebuilder Lennar Corp. recently won a $584 million judgment against the man who brought us the ZZZZ Best Ponzi scheme in the late 1980s. Minkow is to be sentenced July 7 after pleading guilty to a charge related to trading Lennar stock illegally. Interest on this judgment will mount, and in time, could eclipse $1 billion.
I don’t currently know a single individual this deep in the hole.
Click here to read my latest column about Minkow on MarketWatch. Click here to read the story I broke on the judgment against Minkow. And click here to check out this report from 10 News in San Diego, Calif. Sounds like Minkow, whose been working as a church pastor, left town owing members of his flock a little money.
And click here to read how Minkow’s own attorney describes him in court. It’s amazing his transformation story went as long as it did, considering his many problems.