ZZZZ Best

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DEFINITION of 'ZZZZ Best'

A company owned by Barry Minkow in the 1980s. Through such means as forgery and theft, Minkow appeared to be building a multimillion dollar corporation. ZZZZ Best went public in December of 1986, eventually reaching a market capitalization of over US$200 million.

BREAKING DOWN 'ZZZZ Best'

ZZZZ Best began as a carpet cleaning company, started by Minkow in his parents' garage. He was a high school sophomore at the time! A few years later, ZZZZ Best began to specialize in insurance restoration business. Minkow was eventually convicted of fraud and sentenced to 25 years in prison. He served just over seven years.

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RELATED FAQS
  1. Why was the accountant responsible for auditing ZZZZ Best unable to determine that ...

    ZZZZ Best was a company which was started by Barry Jay Minkow as a front for a Ponzi scheme that went undetected for several ... Read Full Answer >>
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    In 2012, the Royal Bank of Canada (RBC) was accused of a complex wash trading scheme to profit from a Canadian tax provision, ... Read Full Answer >>
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    Inherent risk is the risk imposed by complex transactions that require significant estimation in assessing the impact on ... Read Full Answer >>
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    Wash trading is an illegal trading activity that artificially pumps up trading volume in a stock without the stock ever changing ... Read Full Answer >>
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