The views expressed in any article published in this blog are the author's own and do not necessarily reflect the views of Joseph Foster or Bob Lupoli.

Wednesday, March 30, 2011

Barry Minkow-Nicolas Marsch III-Lennar

Joe:  this is an update on the Barry Minkow story. By the way he was raised Jewish then converted to become a Protestant minister. Anyhow it seems he was fed information by Nicolas Marsch III who felt he was ripped-off by Lennar over a $37 million deal. It will be interesting to see how dirty Lennar is, as in all things sometimes the worst information about a business will come from its enemies. So while it may be true that many of the lies spread by Barry were false it may be true that some are true or have some basis in truth. So far Minsch has lost all his lawsuits but he has some pending in California & Florida. -Bob

By E. Scott Reckard, Los Angeles Times
March 30, 2011, 5:00 a.m.
In a plea bargain, former carpet-cleaning tycoon Barry Minkow has agreed to help federal prosecutors investigate a developer who allegedly hired him to spread lies about giant home builder Lennar Corp. with negative stories on the Internet and a YouTube video.

In the plea agreement, obtained by The Times, Minkow acknowledges participating in a fraud with losses so huge that he could have been sentenced to more than 30 years in prison had he been convicted of the crime.

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