Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

State wants $2615 from Barry Minkow

But imprisoned ex-minister owes $612 million for his sins

Barry Minkow in an '80s carpet-cleaning ad
Barry Minkow in an '80s carpet-cleaning ad

San Diego's most famous (or infamous) man of the cloth owes the state $2615, according to a report from the Franchise Tax Board. His address is listed as 1 Federal Way in Atwater, California. That is Atwater High, a high-security federal penitentiary that also has a minimum-security satellite camp.

Minkow, 51, owes more than $600 million as a result of his crimes, so the state may have to wait.  He has a most interesting past: he pulled a huge Ponzi scheme that started when he was in high school. He got caught and was sentenced to 25 years. But he claimed he found God ("born again until out again"), was sprung from the big house, and was named pastor of San Diego Community Bible Church in 1997.

Sponsored
Sponsored

He formed the Fraud Discovery Institute on church property. He would discover corporate frauds, publicize them, and bet the stock would go down. Actually, he did some very good reports. According to Fortune magazine, he got paid off sub rosa by some of these companies.

But he took on the big builder, Lennar Corp. His so-called revelations sent the stock plunging. Minkow was tried and convicted of fraud. Also, he defrauded the church through such tricks as forging signatures on church checks, using church funds for his own activities, and other transgressions. He also fleeced some of the parishioners. He gets out June 6, 2019.

The latest copy of the Reader

Please enjoy this clickable Reader flipbook. Linked text and ads are flash-highlighted in blue for your convenience. To enhance your viewing, please open full screen mode by clicking the icon on the far right of the black flipbook toolbar.

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Woodpeckers are stocking away acorns, Amorous tarantulas

Stunning sycamores, Mars rising
Barry Minkow in an '80s carpet-cleaning ad
Barry Minkow in an '80s carpet-cleaning ad

San Diego's most famous (or infamous) man of the cloth owes the state $2615, according to a report from the Franchise Tax Board. His address is listed as 1 Federal Way in Atwater, California. That is Atwater High, a high-security federal penitentiary that also has a minimum-security satellite camp.

Minkow, 51, owes more than $600 million as a result of his crimes, so the state may have to wait.  He has a most interesting past: he pulled a huge Ponzi scheme that started when he was in high school. He got caught and was sentenced to 25 years. But he claimed he found God ("born again until out again"), was sprung from the big house, and was named pastor of San Diego Community Bible Church in 1997.

Sponsored
Sponsored

He formed the Fraud Discovery Institute on church property. He would discover corporate frauds, publicize them, and bet the stock would go down. Actually, he did some very good reports. According to Fortune magazine, he got paid off sub rosa by some of these companies.

But he took on the big builder, Lennar Corp. His so-called revelations sent the stock plunging. Minkow was tried and convicted of fraud. Also, he defrauded the church through such tricks as forging signatures on church checks, using church funds for his own activities, and other transgressions. He also fleeced some of the parishioners. He gets out June 6, 2019.

Comments
Sponsored

The latest copy of the Reader

Please enjoy this clickable Reader flipbook. Linked text and ads are flash-highlighted in blue for your convenience. To enhance your viewing, please open full screen mode by clicking the icon on the far right of the black flipbook toolbar.

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Drinking Sudden Death on All Saint’s Day in Quixote’s church-themed interior

Seeking solace, spiritual and otherwise
Next Article

Second largest yellowfin tuna caught by rod and reel

Excel does it again
Comments
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader