Exclusive: Barry Minkow, who ran one of the largest Ponzi schemes in U.S. history, is to be the subject of a new docuseries after partnering with The Content Group and Intervention producer Sami Abdou.
The Content Group, which is part of Steve Michaels’ Asylum Entertainment Group, the company behind The Kennedys, TNT’s Shaq Life and Penn State feature doc Happy Valley, will develop and produce the premium limited series with Abdou. They are taking it out to market shortly.
Minkow started a carpet cleaning business, Zzzz Best Carpet and Furniture Cleaning, while still in high school and by the age of 19 he took the company public on the New York Stock Exchange with the evaluation of $280 million. However, it turned out to be a massive Ponzi scheme, costing investors and lenders over $100 million and considered one of the largest investment frauds ever perpetrated by a single person, as...
The Content Group, which is part of Steve Michaels’ Asylum Entertainment Group, the company behind The Kennedys, TNT’s Shaq Life and Penn State feature doc Happy Valley, will develop and produce the premium limited series with Abdou. They are taking it out to market shortly.
Minkow started a carpet cleaning business, Zzzz Best Carpet and Furniture Cleaning, while still in high school and by the age of 19 he took the company public on the New York Stock Exchange with the evaluation of $280 million. However, it turned out to be a massive Ponzi scheme, costing investors and lenders over $100 million and considered one of the largest investment frauds ever perpetrated by a single person, as...
- 8/5/2020
- by Peter White
- Deadline Film + TV
The company was vindicated recently against safety charges, but did anyone notice? Eric Dezenhall on the "crisis capitalists" that destroy companies-despite being wrong.
In Oliver Stone's recent Wall Street sequel, Eli Wallach played a venerable investment banker who was asked about the trajectory of the 2008 financial crisis. He answered, "It'll get worse now because it'll go faster."
Related story on The Daily Beast: Michael Moore: America Is Not Broke
Nobody knows how fast a reputation can get sucked down the vortex better than Toyota. In the past year, the company has had its 75-year reputation for excellence severely compromised by a drumbeat of product safety allegations. Toyota recalled millions of cars at a cost of billions of dollars, and paid nearly $50 million in fines.
Now, a fresh indignity: Despite being vindicated last week by no less than Nasa of the charge that electronic demons conjure Toyotas into Apollo rockets,...
In Oliver Stone's recent Wall Street sequel, Eli Wallach played a venerable investment banker who was asked about the trajectory of the 2008 financial crisis. He answered, "It'll get worse now because it'll go faster."
Related story on The Daily Beast: Michael Moore: America Is Not Broke
Nobody knows how fast a reputation can get sucked down the vortex better than Toyota. In the past year, the company has had its 75-year reputation for excellence severely compromised by a drumbeat of product safety allegations. Toyota recalled millions of cars at a cost of billions of dollars, and paid nearly $50 million in fines.
Now, a fresh indignity: Despite being vindicated last week by no less than Nasa of the charge that electronic demons conjure Toyotas into Apollo rockets,...
- 2/13/2011
- by Eric Dezenhall
- The Daily Beast
IMG Film has acquired the life rights of Barry Minkow, who at age 20 became the youngest person to take a company public on Wall Street but later went to prison for fraud.
The story of the young carpet-cleaning entrepreneur-turned-convict who eventually became a Christian minister was featured in 2006 on a segment of 60 Minutes. His autobiography, Cleaning Up, will serve as the basis for the movie.
IMG expects to begin preproduction in the fourth quarter.
After serving seven years in prison for fraud, Minkow turned to the other side of the law. In the past four years, he has helped law enforcement in uncovering numerous financial crimes.
"I saw the '60 Minutes' piece and was floored; this is a huge comeback story," said IMG co-founder Jeff Bowler, who will produce the film along with IMG co-founder Bret Saxon.
IMG, a production and talent management company, recently produced Zak Penn's feature film The Grand, starring Woody Harrelson, Ray Romano, Dennis Farina and Cheryl Hines.
The story of the young carpet-cleaning entrepreneur-turned-convict who eventually became a Christian minister was featured in 2006 on a segment of 60 Minutes. His autobiography, Cleaning Up, will serve as the basis for the movie.
IMG expects to begin preproduction in the fourth quarter.
After serving seven years in prison for fraud, Minkow turned to the other side of the law. In the past four years, he has helped law enforcement in uncovering numerous financial crimes.
"I saw the '60 Minutes' piece and was floored; this is a huge comeback story," said IMG co-founder Jeff Bowler, who will produce the film along with IMG co-founder Bret Saxon.
IMG, a production and talent management company, recently produced Zak Penn's feature film The Grand, starring Woody Harrelson, Ray Romano, Dennis Farina and Cheryl Hines.
- 8/15/2007
- The Hollywood Reporter - Movie News
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