Fraud Discovery Institute

The Fraud Discovery Institute was founded by Barry Minkow in 2001. Minkow had been released from prison in 1995, where he was serving a sentence for a financial scam based around a carpet-cleaning company called ZZZZ Best.^[1] Other former convicts were also involved in the Fraud Discovery Institute; the rest of the team was composed of auditors.^[2]

The Fraud Discovery Institute claimed to be an investigative unit that sought to assist in the prosecution of perpetrators of corporate fraud. After the Institute had researched an alleged white-collar crime, it would give a report to the FBI, which could then find and arrest the criminals.^[1]

In September 2011, Barry Minkow was returned to prison after making false statements in the Fraud Discovery Institute's reports.^[3]

References

1. ^ ^{a b} Benson, Michael (2008). White-Collar Crime. Infobase Publishing. pp. 24–25. 
2. ^ Zimmerman, Eilene (June 2005). "Barry Minkow". San Diego Magazine: 42–43. 
3. ^ "Barry Minkow heads back to prison". The Los Angeles Times. 2011-09-20. http://latimesblogs.latimes.com/money_co/2011/09/barry-minkow-heads-back-to-prison.html. Retrieved 2011-11-02.