Parsad Posted March 16, 2011 Posted March 16, 2011 Barry Minkow, the ex-con turned pastor, who ran the "Fraud Discovery Institute" seems to be making a plea deal for his insider trading of Lennar Corp. This is just another scum bucket domino I've talked about for the last few years that is falling, along with many others we've seen in the news in the last couple of years...from Spyro Contogouris to John Gwynn...the light is finally shining on their activities. http://www.bloomberg.com/news/2011-03-16/minkow-in-plea-talks-with-u-s-prosecutors-in-miami-defense-lawyer-says.html There is another very well known ex-con turned reformed criminal who I expect the light to shine on also at some point. This so-called expert actually funded some of Minkow's investigations. Even Whitney Tilson used Minkow's "expertise"! http://www.gurufocus.com/news.php?id=108944 http://www.deepcapture.com/the-ties-that-bind-sam-antar-and-barry-minkow/ As I've said before, how you conduct yourself and who you associate with says alot about a person's character. Cheers!
T-bone1 Posted March 16, 2011 Posted March 16, 2011 It sounds like he is getting off awfully light . . . http://www.businessinsider.com/barry-minkow-insider-trading-movie-2011 Do we think this means he is cooperating in one of the naked-short-and-distort or the major insider trading case? He seems tangentially involved with both, but I'm not sure he would make the most compelling (believable?) witness . . .
lessthaniv Posted March 16, 2011 Posted March 16, 2011 Sanj, Check this Patrick Byrne interview out. Very interesting comments Re: Overstock Lawsuit. I would guess it applies to Fairfax's case as well.
link01 Posted March 16, 2011 Posted March 16, 2011 thx for the video. i hadnt seen that one before. LOL, ol' patrick had a an unmistakable air of confidence & an eager gleam in his irish eyes talking about that lawsuit!
Parsad Posted March 16, 2011 Author Posted March 16, 2011 Thanks for the video. I had not seen that one. He called it the OJ Simpson trial of the financial world. I would say that between the Overstock.com and Fairfax Financial cases, this will be the biggest story since Madoff. If the jury finds favor for either of those two, then it will be a huge story. Of course, I don't expect Herb Greenberg, Roddy Boyd, Peter Eavis or Bethany McLean to comment much on it! Cheers!
DynamicPerception Posted March 16, 2011 Posted March 16, 2011 Mr. Byrne considers it treason to settle. The trial will run its full course. Good stuff!
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