Minkow Gets 5 Years In Lennar Stock Fraud Case

Law360, New York (July 21, 2011, 7:33 PM EDT) -- Barry Minkow, the notorious former businessman who remade himself into a trusted fraud watchdog after being convicted of hustling investors, was sentenced Thursday in Florida to five years in prison for causing massive losses at one of the U.S.' biggest homebuilders.

The supposedly reformed Minkow, who became a pastor and anti-fraud crusader after he emerged from his previous seven-year prison stint, pled guilty in March to securities fraud for attacking Lennar Corp. with false accusations of widespread improprieties and Ponzi-like behavior.

Though Minkow's claim that Lennar...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.