Minkow, Convict Turned Minister, in Plea Talks With U.S.
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Barry Minkow, a convicted con man who became a minister and anti-fraud crusader, is in talks with U.S. prosecutors in Miami to plead guilty to insider trading of Lennar Corp., his lawyer said.
“Barry is looking forward to getting this behind him and on with the rest of his life,” Alvin E. Entin, Minkow’s attorney, said in a telephone interview today from San Juan, Puerto Rico. Minkow faces a maximum five-year sentence under the proposed deal in which he would plead guilty to a single securities fraud count. The plea may take a week to negotiate, Entin said.