Question
Please locate and read the following about the ZZZZ Best case or identify other news articles related to the incident: Armario, Christine ZZZZ Best's Barry
Please locate and read the following about the ZZZZ Best case or identify other news articles related to the incident:
Armario, Christine ZZZZ Best's Barry Minkow in hot water again USATODAY.COM , March 24, 2011.
http://usatoday30.usatoday.com/money/markets/2011-03-24-minkow-securities-fraud.htm
- Light, Larry, Oluwabunmi Shabi and Kevin Kelly, From Con to Convert, BusinessWeek, April 10, 1995.
http://www.businessweek.com/stories/1995-04-09/from-con-to-convert
- Calabro, Lori, Ten Questions for Barry Minkow, CFO Magazine, January 1, 2005.
http://ww2.cfo.com/human-capital-careers/2005/01/ten-questions-for-barry-minkow/
- Ciulla, Joanne B., Nothing But ZZZZ Best, New York Times, February 25, 1990
http://www.nytimes.com/1990/02/25/books/nothing-but-zzzz-best.html
1. In general, how was Barry Minkow able to execute and perpetuate his fraud for so long?
2. In your opinion, were the ZZZZ Best auditors at fault for not catching this fraud earlier? Why?
3. Given that ZZZZ Best occurred in 1987, why is society still plagued by financial statement frauds?
4. Do you believe that Barry Minkow is reformed or do you believe that once a fraudster, always a fraudster? Why?
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