Barry Minkow to help U.S. investigators as part of plea deal....hahaha | OSTK Message Board Posts

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Msg  41017 of 44350  at  3/30/2011 9:21:01 AM  by

blackbartpo8


Barry Minkow to help U.S. investigators as part of plea deal....hahaha

 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.

Instead, he is to plead guilty in a Miami federal courthouse Wednesday to a single count of conspiracy to commit securities fraud, a crime with a maximum penalty of five years in prison.

In addition to testifying truthfully at grand jury and court proceedings, Minkow is required to assist federal investigations by going undercover if asked, the plea agreement says.
 


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Msg # Subject Author Recs Date Posted
41018 Re: Barry Minkow to help U.S. investigators as part of plea deal....hahaha tej 0 3/30/2011 10:34:51 AM






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