Pre-Cog Extraordinaire, Part II
According to this article in the L.A. Times, Pre-Cog Extraordinaire Barry Minkow has done it again, tipping off the SEC to yet another alleged Ponzi scheme operating out of California. According to the article,
The alleged scam came to the notice of authorities via a tip from Barry Minkow, who as a teenager founded ZZZZ Best, a Reseda carpet-cleaning company that perpetrated a notorious fraud on Wall Street investors. Having served a lengthy prison sentence, Minkow is now the pastor of a San Diego church and helps operate a private company that investigates suspected frauds.
Minkow said he and Juan Lopez, a private investigator who works for Minkow's Fraud Discovery Institute, posed as investors to meet with Financial Solutions. His 15-page report, addressed to [SEC attorney Peter F.] Del Greco and dated June 17, was attached to the SEC's filings with Timlin.
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