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Minkow Gets Five Years in Prison for Stock-Fraud Conspiracy

Barry Minkow, a convicted confidence man who started a fraud-detection firm, was sentenced to five years in prison for his role in a stock-manipulation scheme.

Minkow, 45, was also ordered today in Miami federal court to pay $583 million in restitution. U.S. District Judge Patricia Seitz gave Minkow, who pleaded guilty in March to conspiracy to commit securities fraud, 60 days to surrender so he can get his sons settled in school.