Barry Minkow, the one-time Ponzi schemer who had claimed to be reformed and was helping the FBI nab white collar criminals, has agreed to plead guilty to insider trading of shares of the Miami-based homebuilder Lennar, according to Minkow’s lawyer.
Minkow, who is widely blamed for causing Lennar’s stock price to plunge nearly 20 percent on Jan. 9, 2009, could serve up to five years in prison if the plea deal goes through.
Thursday, March 17, 2011
Lennar accuser agrees to plead guilty to insider trading
The Miami Herald reports:
