Shop carpet cleaning t-shirts sold by independent artists from around the globe. is a California Stock Corporation - Out Of State - Stock filed on December 4, 1986. Now, for the first time, Minkow tells his own story, from success to corruption to his life-changing experience in prison. Meet Barry Minkow who in 1982, when he was only16, founded ZZZZ Best Carpet Cleaning. Zzzz Best Case Study. , Barry Minkow wowed Wall Street with his carpet cleaning company. Minkow met a person named Tom Padgett at Los Angeles Health club. By 21, Minkow was found to have used ZZZZ Best to withdraw $3 million for his personal account and diverted. Log in Join. Audio. ACCT 376. Early Black Friday Deal. Investment banker informs Barry to fire George Greenspan and hire a Big 8 Accounting. Maurice Rind. Read and complete the following exercise. 5" floppy disk. We're always on cbsnews. Barry Minkow. - Barry Minkow started operating his carpet cleaning business out of the Minkow family garage when he was fifteen years old. , Barry Minkow wowed Wall Street with his carpet cleaning company. ZZZZ Best was a carpet cleaning and restoration company founded by Barry Minkow, infamous for operating a Ponzi scheme. May 18, 1988 12 AM PT. Flush with cash, Minkow wanted to make ZZZZ Best “the General Motors of the carpet-cleaning business. Barry Minkow, who as a teen-ager founded the ZZZZ Best carpet-cleaning company, was sentenced today to 25 years in prison and ordered to pay $26 million restitution for fraud. Heather Hastings 761 Golden Oak Circle, Crystal Lake, IL 60014 Student#: 53587431 Project #: 50089600 Senior Capstone, BUS 450 Case 2: Motomart Heatherhastings0328@gmail. Minkow was sixteen and. When ZZZZ Best went. Barry Minkow founded a carpet-cleaning company named ZZZZ Best in his sophomore year of high school. Barry Minkow founded a carpet-cleaning company named ZZZZ Best in his sophomore year of high school. View Notes - ZZZZ Best Fraud from ACCT 2351 at Middle Tennessee State University. The company. Barry Minkow, who started the ZZZZ Best carpet cleaning company in his parents' garage and turned it into a fraudulent $100-million empire, was sentenced Monday to 25 years in prison after. According to the video, ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old, it started as a carpet cleaning company. ZZZZ Best, a carpet cleaning company, was founded by Barry Minkow in 1982 in Reseda, California. By RONALD L. ZZZZ Best began as a carpet cleaning company that Minkow launched in his parents' garage when he was in high school. Located in the San Fernando Valley of southern California, ZZZZ Best had begun operations in the fall of 1982 as a small, door-ta-door carpet cleaning operation. SEC Files Action Against ZZZZ Best Auditors: The Securities and Exchange Commission filed two complaints in Los Angeles federal court against two accountants for allegedly fraudulent audits of. In the period of 1984 to 1987 the net profit of the company increased from $200,000 to more than $5 million. ZZZZ Best scam. ZZZZ Best Case Study. Total views 18. WHICH WILL DO BUSINESS IN CALIFORNIA AS ZZZZ BEST CARPET, FURNITURE, DRAPERY CLEANING AND RESTORATION COMPANY, INC . ZZZZ BEST Co. Joe Domanick`s account of the five-year rise and fall of Minkow`s ZZZZ Best Carpet and Furniture Cleaning Co. They hoped the deal--which never was completed--would enable ZZZZ Best to pay off its debts and begin operating legitimately, he said. ZZzz best carpet cleaning videoRelated keywords:ZZZZ best carpet cleaning videomidwest magic cleaningZZZz best carpet cleaning video zzzzZZzz best carpet cle. According to the video, ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old, it started as a carpet cleaning company. Feb 20, 2013, 10:54 AM. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright. ZZZZ Best stock has plummeted on heavy volume since a published. One of the first contracts ZZZZ Best. . A central character in the ZZZZ Best carpet-cleaning swindle has settled civil securities fraud charges, wrapping up one of the most colorful financial scandals of the 1980's. March 11, 1988 12 AM PT. That company, headquartered in Los Angeles, was named ZZZZ Best Carpet Cleaning Service (ZZZZ Best). Miller on January 19, 1988, LA Times. Meet Barry Minkow who in 1982, when he was only16, founded ZZZZ Best Carpet Cleaning. Minkow turned it into a publicly traded company in 1986, but it was revealed to be a Ponzi scheme the following year, causing massive losses for its. This project was just the most recent of a series of large restoration jobs obtained by ZZZZ Best (pronounced “zee best”). $100. 18, 1988 11:59 pm ET. Nick Schager. Bed. A 30 second commercial spot from Zzzz Best Carpet cleaning company, featuring Barry Minkow and his employees. 1 / 16. In his parents' garage in a working-class neighborhood on the outskirts of Los Angeles, 16-year-old Barry Minkow founded a business he vowed to make "the General Motors of carpet-cleaning", partly. pdf from AOJ 200 at Grossmont College. . yeah, my wife's parents are still there. Minkow’s 57 charges included credit card fraud, embezzlement, securities fraud, money laundering, tax evasion, racketeering, and mail fraud. 931 Cleaning Pros. Solutions for Chapter 39 Problem 14P: On December 17, ZZZZ Best Co. c. was convicted Monday of five fraud and conspiracy counts, concluding what authorities have called. At its peak, six years later, the company, called ZZZZ Best, had a. At that time, the carpet cleaning industry has few entry barriers and all Minkow. Four years later, the company’s assets totaled a reported $240 million. But, due to high competition inBest Carpet Cleaning in Ashburn, VA 20147 - Absolute Carpet Care, Mighty Clean Carpet Care, Heaven's Best Carpet Cleaning, Chem-Dry of Northern Virginia, A2Z Action Carpet Cleaning & Repairs, NOVA Steamers, DG Textile Care, Clean As Snow, StainBusters Co, DMV Carpet Cleaning. Minkow and a few friends established a financial. Within five years, ZZZZ Best Carpet Cleaning Service went public. ZZZz best carpet cleaning video #shortsfeed @EDUCATEDGADGETS #carpetcleaning #carpetcleaningsatisfying #satisfyingcleaningcarpet #rugcleaning #mountainrugcl. I’ll guarantee the work and the price, in writing. View the full answer. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright. . Source: Contemporary Auditing: Issues & Cases - Michael Knapp. , of Reseda, California, had signed a contract for a $13. Chapter Fourteen Homework Page 436, Case Number 52 In Zzzz Best, Inc. July 9, 1987 12 AM PT. It is the story of a 15-year-old boy from Reseda, California, who was driven to be successful, regardless of the costs. Internal Audit Evidence: An evidence provided by the information, records and the internal documentation generated and provided by the Company under the audit. As a teenage entrepreneur, Barry revels in the attention from his classmates and. . 95. He ran the business from his family's garage in Reseda, California. Business pressures and unpaid bills caused a young entrepreneur to perpetrate one of the largest accounting frauds. ZZZZ Best Company, c. The company initially struggled for survival. Minkow was once known as a whiz-kid who gained national fame as a 16-year-old after founding ZZZZ Best, a carpet-cleaning company, in the garage of his Reseda home in 1982. He was in so debit, he turned to different idea. By the time he was 20, the fraud had been uncovered and Minkow was sentenced to 25 years in federal prison (he served eight years before being paroled). The fraud on SDCBC is just the latest fraud perpetrated by Minkow. But the company was built entirely on Minkow’s lies. At 16 years old, Minkow started his carpet cleaning company under the name of ZZZZ Best Company. 5" floppy disk. ZZZZ Best Carpet Cleaning Company was involved a fraud scheme in which investors poured $100 million into fake fire and water restoration projects. View Assignment - ZZZ best from ACCT 2101 at Baruch College, CUNY. Together with Minkow, the two men bilked investors for over one hundred million dollars by creating a paper trail of fake revenue and phony work orders. zzz best carpet cleaning fraud. In fact, ZZZZ Best’s carpet-cleaning business was growing--the company expanded from 374 employees and 13 offices around California at the time of the stock sale to 1,030 employees and 21. 9, 1988 12 AM PT. The company went public in December 1986 and was quickly valued at over $300 million. The company he worked for, “ZZZZ Best” (pronounced simply “Z Best”) was a southern California carpet cleaning business founded by a teenage entrepreneur named Barry Minkow (Mink-oh). July 16, 1987 12 AM PT. 25 x 10. Times Staff Writer. This project was just the most recent of a series of large restoration. The Los Angeles housewife read the story about Minkow and recalled that ZZZZ Best had overcharged her for services in the early years by increasing the amount of the credit card charge for its carpet cleaning services. . Three top officials of Barry Minkow’s ZZZZ Best carpet cleaning company pleaded guilty Thursday to fraud charges, admitting that they helped the whiz. Master white collar criminal Mark Morze explains how he fooled auditors, lawyers, bankers in the most infamous fraud of the 1980's. He started a carpet cleaning business in the garage. But the company was built entirely on Minkow’s lies. docx - ZZZZ Best Barry Minkow is the founder of. It never made a legitimate profit. Wolas said ZZZZ Best, which once had a stock market value of more than. A man who helped ZZZZ Best Carpet Cleaning Co. RESEDA, Calif. According to the video, ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old, it started as a carpet cleaning company. , Inc. Three top officials of Barry Minkow’s ZZZZ Best carpet cleaning company pleaded guilty Thursday to fraud charges, admitting that they helped the whiz. #carpetcleaning #asmrcleaning #tiktokcleaningZZZZ Best, the Reseda carpet-cleaning firm that Barry Minkow built from a business in his parents' garage into a hot-growth stock, will file for Chapter 11 bankruptcy protection, the company said. In a recent interview with Steve Kroft of CBS News (60 Minutes), Barry Minkow, the founder of ZZZZ Best Carpet Cleaning Company said "I started with the best of intentions, really I can say that. Pages 2. This insight of the industry allowed Minkow to understand that the carpet cleaning industry was one which had very few barriers to. 20 per square foot, and they may rise as high as $0. The company also engaged in over billing carpet cleaning. , at the tender age of 16. J. 8 million insurance restoration project. The stunning fall of youthful millionaire Barry Minkow and his ZZZZ Best rug cleaning empire amid charges of massive fraud points to serious flaws in the nation's financial reporting system. ZZZZ Best Case. Consiglio has been on paid administrative leave since July 24 while the Los Angeles Police Department investigates his relationship with Rind, an investor in the defunct ZZZZ Best carpet-cleaning. He ran the business from his family's garage in Reseda, California. The most of ZZZZ Best’s existence, simply meeting the payroll was a weekly challenge. I had done this story for KCBS television. Gates said that ZZZZ Best. Daniel Akst. -Became friends with Tom Padgett; an insurance claims adjuster and set up scheme to confirm phony insurance restoration. He was a millionaire at 18, and by the time he turned 21 last March, he was the. Times Staff Writer. 93,000+ Vectors, Stock Photos & PSD files. 95. Mark Morze, former CFO of ZZZZ Best and convicted white collar criminal, will speak at Canisius on Thursday (November 10) from 3 to 5 p. The true tale of Barry Minkow, the amazing teen-age swindler, resembles the story ''The Emperor's New Clothes. Hire the Best Carpet Cleaning Services in Murfreesboro, TN on HomeAdvisor. This attracted individual investors. Barry Minkow, the 21-year-old whiz kid entrepreneur who founded the ZZZZ Best carpet-cleaning firm, was part of a nationwide narcotics money-laundering. -Had problems with shortage of working capital. Miller on January 19, 1988, LA Times. However, it was actually a front to attract investments for a massive Ponzi scheme. Barry Minkow, who as a teen-ager founded the ZZZZ Best carpet-cleaning company, was sentenced today to 25 years in prison and ordered to pay $26 million. R. What do auditors need to do differently to avoid audit failures like Zzzz Best. LOS ANGELES -- A former official of ZZZZ Best, the carpet-cleaning firm that collapsed in a $70 million securities fraud orchestrated by founder Barry Minkow, was sentenced Tuesday to eight years. An illustration of text ellipses. Also the company grew from a small door to door carpet cleaning service with few employers to a company with 1400 employees. Oct 10, 2014. 13:02 - 13:04. In Zzzz Best, Inc. SpringCleanCleaningServiceLLC. ZZZZ Best (pronounced: zee best) was a carpet cleaning and restoration company that was created in Inglewood, California in 1982 by Barry Minkow. txt) or read online for free. Gates on July 8 alleged that Minkow and ZZZZ Best were part of a narcotics and money-laundering conspiracy. ZZZZ Best was a carpet cleaning and restoration business founded by the then 15-year-old entrepreneur Barry Minkow in the early 1980s, which later became infamous for its accounting fraud. CALIFORNIA. ZZZZ Best appeared to be an instant success. . Although this case dates back over 30 years, it does serve as an example of what can happen when. Video. Barry Minkow starts ZZZZ Best, carpet cleaning company. Bed. , a carpet-cleaning firm, when he was 15 years old. Janie M. , of Reseda, California, had signed a contract for a $13. The 1986 headlines proclaimed 20-year-old Barry Minkow a phenomenon as he took his multimillion dollar carpet cleaning firm public. Audio. Barry Minkow has been sentenced to prison for five years for committing fraud. 1. It is the story of a 15-year old boy from Reseda, California who was driven to be successful regardless of the costs. Two years later, the company was bankrupt, and Minkow was headed to prison. Donald K. The story of ZZZZ Best is one of greed and audaciousness. Software. A federal judge refused again Monday to reduce the $1. 100% (1 rating) Solution: There are two kinds of Audit Evidence in existence: 1. , Inc. to Suspect. For occasional spot cleaning, the BISSELL ProHeat Portable Carpet Cleaner is a top choice. It was probably where he learned the. The video “Cooking the Books” discussed the ZZZZ Best case of fraud, it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. Finance . Weight: 12. July 9, 1987 11:59 pm ET. About Us. Minkow's secret allegedly was fraud. zzzz best carpet cleaning video | diy carpet cleaning solution #shorts #asmr #carpetcleaning _____Các bạn đừng quên nhấn LIKE, COMMENT, SHARE, SUBSC. A federal judge on Wednesday ordered a former ZZZZ Best Co. Barr p. -- Wealthy entrepreneurs can point to all kinds of secrets for success. We Have 100 Homeowner Reviews of Top Murfreesboro Carpet Cleaning Services. For more Area Rug Cleaning & Restoration Information & Education go to: you looking for a shortcut to area rug cleaning success?. What methods of concealment and fraud did he use? He used a CPA firm that would falsify his records so that they seemed ligament. ZZZZ Best was founded in 1982, by Barry Minkow who was 16 at the time. Times Staff Writer. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright. An illustration of a 3. ZZZZ Best Carpet Cleaning Company was involved a fraud scheme in which investors poured $100 million into fake fire and water restoration projects. ZZZZ Best Co. Stream King of. Professional Cleaning Services Available 7 days a week Book your appointment CALL/TEXT 9312633874 Same Day/ Short Notice Welcome More than 5 years experience Any size project is welcome. A front to attract investm. Find & Download Free Graphic Resources for Carpet Cleaning Logo. LOS ANGELES (AP) _ Robert Barker reacted predictably when his daughter went sweet on Barry Minkow, the former carpet-cleaning boy wonder whose ZZZZ Best was one of the 1980s' most celebrated swindles. Free for commercial use High Quality Images. Accounting questions and answers. com. Good Essays. The ZZZZ Best fraud was one of the largest of its time. His name is Barry Minkow. Angi Certified. THE WORST. The video “Cooking the Books” discussed the ZZZZ Best case of fraud, it tells how and why fraud was perpetrated by Barry Minkow and why it was undetected for so long. The firm, which was founded by 21-year-old entrepreneur Barry Minkow, filed for Chapter 11 bankruptcy protection last week. A. More. 1. In Zzzz Best, Inc. png . Aug. His company made an escalating growth to 1400 employees in just four years. 15, 1988 12 AM PT. The 1986 headlines proclaimed 20-year-old Barry Minkow a phenomenon as he took his multimillion dollar carpet cleaning firm public. According to the video‚ ZZZZ Best was founded by Barry Minkow in 1982; when he was sixteen years old‚ it. Barry Minkow is now a fraud buster and the author of the. He obtains steroids from a gym member named Victor, who gives him a loan to open his own carpet-cleaning business, “ZZZZ Best”. Open Document. July 4, 1987 12 AM PT. Study with Quizlet and memorize flashcards containing terms like Ernst & Whinney never issued an audit opinion on Financial statements of ZZZZ Best but did issue a review report on the company's quarterly statements for the three months eneded July 31, 1986. Over the next several years, he franchised the chain and took it public. After the bankruptcy, Minkow and 11 of his ZZZZ Best business associates were indicted by a federal grand jury. 🌟 Get ready for some ASMR magic and satisfying results! 😌🧹🪚 #CarpetCleaning #ASMR #TrendingShorts #. He obtains steroids from a gym member named Victor, who gives him a loan to open his own carpet-cleaning business, “ZZZZ Best”. He ran the business from his family's garage in Reseda, California. See more. carpet cleaning | ZZzz best carpet cleaning video #gadgetshortsRelated keywords:ZZZZ best carpet cleaning videomidwest magic cleaningZZZz best carpet cleanin. ZZZZ Best went from a start-up organization with no assets, to a multi-million dollar company in less than five years. 11 Pages. 5 inches | Clean water tank: 0. 95. ACCOUNTING ACC 220. Due to high competition in the industry, low enter barriers, and bad internal control, this young entrepreneur started to have cash flow problems, and a shortage of working. zzzz Best carpet cleaning video ♻️🌟🧹#youtube #youtubeshorts #ytshorts #asmr #trendingshorts #ytviral #Asmrzzone"Watch in awe as we turn a discarded carpet. After three years, ZZZZ Best gave authority to. , firm that makes high-interest, short. Are area rugs on carpet ok? Have you ever wondered if area rugs are ok to put on carpet? Or maybe you've wanted to add a splash of color or personality to yo. As he undoubtedly told you, Mr. Barry Minkow was the founder and at a young age Minkow formed this business but it performed poorly so to create an illusion of a profitable business he began committing criminal acts. Ernst & Whinney resigned June 2, 1987, before completing the audit of ZZZZ Best, a Los Angeles-based carpet cleaning company. set up an elaborate series of sting operations to dupe investors into giving the company millions of dollars in bank loans and stock offerings was. July 9, 1987 12 AM PT. Prosecutors at the trial of entrepreneur Barry Minkow, who alleges that mobsters forced him to commit fraud at his Reseda-based ZZZZ Best carpet cleaning company, on Friday played the jury a tape. So call now. Dennis Romero July 21, 2011. Chapter 7: Audit Evidence. Case 5-2 ZZZZ Best1. Dec. An illustration of two photographs. Case: ZZZZ Best. This type of evidence i. ZZZZ Best’s auditor wants to see the check to verify the company’s income, part of. I was bemused to see his name on the program because it brought back memories - I was a new staff attorney at the SEC in its Los Angeles Office during the investigation of Mr. An insurance appraiser who befriended Barry Minkow in a gym and went on to help him build his ill-fated ZZZZ Best carpet cleaning empire was sentenced. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright. ZZZZ Best was a carpet-cleaning company set up in Inglewood, California in 1982 by the then 16-year-old Barry Minkow, while he was still in school. His name be Barry Minkow. . In “Cooking the Books: What Every Accountant Should Know About Fraud,” ex-President of ZZZZ BEST Carpet Cleaning, Barry Minkow, discussed the fraud he committed during the 80s and 90s. Click the card to flip 👆. "In the three-year period from 1984 to 1987, the com¬pany’s net income surged from less than $200,000 to more than $5 million on reve¬nues of $50 million. com Step 1 When looking at tables 3-5, yes, some of the amounts do appear to be odd. Keith SlotterZZZZ Best By ADAM HAYES Updated July 07, 2021 What Was ZZZZ Best? ZZZZ Best was a carpet cleaning and restoration company founded by Barry Minkow that served as a front for a famous Ponzi scheme. ESM Government Securities Barry Minkon had a carpet company, borrowed money to expand his business. ZZZZ Best was started as a carpet-cleaning business by Barry Minkow, a 15-year-old high school student, in 1981. Barry Minkow is now a fraud buster and the author of the. It is the story of one 15-year old boy from Color, California who was driven to be flourishing regardless of that costs. 50 per square foot. pdf), Text File (. The Los Angeles housewife read the story about Minkow and recalled that ZZZZ Best had overcharged her for services in the early years by increasing the amount of the credit card charge for its carpet cleaning services. The video above showcases excerpts from interviews with several repeat offenders, Minkow among them (along with Kenneth Kemp, Steve Comisar and Barry Webne). ZZZZ Best Fraud - Dieu Tran ACCT 2351 Maryann Ludden. . A. In that case, Minkow bilked banks and investors of millions of dollars, for which he was sentenced to 25 years in prison. A bank that lost $7 million it loaned to the ZZZZ Best carpet cleaning company and its founder, Barry Minkow, filed suit Friday against the company’s. Our mesmerizing carpet cleaning process is a feast for the eyes and ears. Key word search Barry Minkow and read the story of the rise and fall of the king of stock fr. A library of 28 million high quality video clips. Minkow Empire: ZZZZ Best: The House of Cards Fall by Barry Stavro and Alan C. One of The Biggest Fraud Cases in History: ZZZZ Best Carpet Cleaning Co. The aim of this paper to give an overview of what happened at ZZZZ (Zee) Best Company and which role the. But, due to high competition in. ZZZZ Best carpet cleaning 2. . Prosecutors did not dispute the significant role of others but portrayed Minkow as a willing participant in the fraud. In the period of 1984 to 1987 the net profit of the company increased from $200,000 to more than $5 million. Big K. What methods of concealment and fraud did he use? He used a CPA firm that would falsify his records so that they seemed ligament. In 1982, at age 16, Barry Minkow started the ZZZZ Best Carpet Cleaning business in his basement. ZZZZ Best had begun operations in the fall of 1982 as a small, door-ta-door carpet cleaning operation. ”. Students at Zzzz best Carpet Cleaning Indianapolis, Indiana, United States. Minkow gained national attention as a teenager in the 1980s by founding the ZZZZ Best carpet cleaning company in Southern California. Barry Minkow, the 21-year-old founder of the ZZZZ Best carpet cleaning company whose stock in the firm was worth more than $100 million earlier this year, has filed for personal bankruptcy. FREE US Shipping for Orders $80+ Hi there!. But a recently completed inspirational drama about the ZZZZ Best carpet cleaning swindler now needs a new ending, as the purportedly reformed Minkow could be headed back to prison for as much as. Top 10 Best Carpet Cleaning in Ashburn, VA 20147 - November 2023 - Yelp - Absolute Carpet Care, Mighty Clean Carpet Care, Chem-Dry of Northern Virginia, Heaven's Best Carpet Cleaning, A2Z Action Carpet Cleaning & Repairs, NOVA Steamers, Maid Day, Sunrise General Services, Splendore Cleaning Service, Albert's Carpet Cleaning. zzzz Best carpet cleaning video ♻️🌟🧹#carpetcleaning #asmr #trendingshorts #satisfying"Watch in awe as we turn a discarded carpet from drab to fab! Our mesm. Successful Ploy. By Peter White August 5, 2020 11:00am The Content Group EXCLUSIVE: Barry Minkow, who ran one of the largest Ponzi schemes in U. As a 1980s California high school sophomore, Minkow founded ZZZZ Best carpet cleaners, which grew at such an astronomical rate that it. ''. In the threeyear period from 1984 to 1987, net income grew from less then $200,000 to more than $5 million on revenue of $50 million. I used this company to do carpet cleaning on 6/13/09. Minkow began his business with small carpet cleaning jobs and he became a multimillionaire in a very. The core activity of company was carpet cleaning. Wells, CFE, CPA, for “Cooking the Books: What Every Accountant Should Know About. It is the story of a 15-year-old boy from Reseda, California, who was driven to be successful regardless of the costs. 🌟 Get ready for some ASMR magic and satisfying results! 😌🧹🪚 #CarpetCleaning #ASMR #TrendingShorts #. 10 Pages. Under the direction of Barry Minkow, the extroverted 16-year-old who founded the company and initially operated it out of his parents' garage, ZZZZ Best experienced explosive growth in. In December of 1988, the 22-year-old was found guilty and sentenced to 25 years. However, it was actually a front to attract investments for a massive Ponzi scheme. The business experienced drastic growth the first three years, bringing an. The Associated Press LOS ANGELES Three months after he was convicted of 57 counts of securities, credit card and mail fraud, a man once considered a teen-age business genius returns to court Monday to be sentenced A prosecution sentencing memorandum asked. Case 2—ZZZZ Best Carpet Cleaning. View White Collar Criminals (POST). 5, 1987 12 AM PT. In December of 1988, the 22-year-old was found guilty and sentenced to 25 years in jail. Heard of ZZZZ Best Carpet Cleaning? Learn more about this scam orchestrated by a high school student who became the youngest to IPO a company.