• ZZZZ Best was a company set up as a front for a Ponzi scheme.

  • Its founder, Barry Minkow, was involved in a number of criminal activities, including insurance fraud and check kiting.
  • Minkow and his business partner Tom Padgett set up a fake company called Interstate Appraisal to swindle millions from financial institutions.
  • In the end, Minkow was sentenced to 25 years in prison for fraud. When he was released, he was again convicted of fraud and sentenced to another five years.
  • The scam was discovered by a woman who was chasing a paper trail due to an overpayment of just a few hundred dollars.