Felon Barry Minkow Becomes Pastor and Cons Church Congregation Out of Millions

Felon Barry Minkow Becomes Pastor and Cons Church Congregation Out of Millions

Securities Lawyer 101 Blog

Last week, Barry Minkow pleaded guilty to embezzling funds from the San Diego Community Bible Church, a U.S. attorney’s statement said.  Minkow was already serving a five-year sentence for securities fraud.

According to the plea agreement, Minkow opened unauthorized church bank accounts, forged signatures on checks and used congregation donations as his own personal piggy bank. “Barry Minkow is again convicted of fraud, this time for stealing money from the parishioners of San Diego Community Bible Church,” U.S. Attorney Laura Duffy said.  “We stand vigilant against those who cheat and steal without regard to the consequences wrought on their victims.”

In 1988, Minkow was sentenced to 25 years in prison after being convicted of 57 fraud charges.  After spending approximately seven years in prison he was released. Shortly thereafter he became a pastor claiming to have found religion during his prison term.

In 2011, Minkow was convicted in another scam.  A Miami, federal judge sentenced him to five years in prison for involvement in a scam involving homebuilder Lennar Corp.  Minkow faces an additional five years from his recent conviction.  Sentencing is scheduled for April 7, 2014.

For further information about this securities law blog post, please contact Brenda Hamilton, Securities Attorney at 101 Plaza Real S, Suite 202 N, Boca Raton, Florida, (561) 416-8956, by email at [email protected] or visit www.securitieslawyer101.com.  This securities law blog post is provided as a general informational service to clients and friends of Hamilton & Associates Law Group and should not be construed as, and does not constitute, legal and compliance advice on any specific matter, nor does this message create an attorney-client relationship.  Please note that the prior results discussed herein do not guarantee similar outcomes.

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Brenda Hamilton, Securities Attorney
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