Minkow Pleads Guilty In Lennar Conspiracy Suit

Law360, New York (March 30, 2011, 7:26 PM EDT) -- Financial fraud investigator and ex-convict Barry Minkow pled guilty in Florida on Wednesday to one count of conspiracy to commit securities fraud in a scheme to extort money from Miami home builder Lennar Corp.

Minkow, who faces a prison sentence of up to five years and may have to pay more than $500 million in restitution, agreed to cooperate with investigators, according to a plea agreement filed in the U.S. District Court for the Southern District of Florida.

Minkow, who became an investigator after serving seven...
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