ZZZZ Best was a business set up in 1982 as a small company involved in the process of door to door carpet cleaning. The company was established by Barry Minkow who was 16 years of age at that time. The growth in revenue and profits of the company was phenomenal in early years of business. The revenues of the company had reached a level of $50 million by the end of 1987 and in just three years of time the net income of the company had increased from a level of $200,000 to a level of $5 million by the end of 1987. ZZZZ Best decided to go public in 1986 and the previous owners of the company including Minkow and some of his fiends made millions of dollars.
Minkow became very popular and center of attention in many magazines, newspapers and television talk shows. He was publicized as the youngest chief executive officer of the country and quoted as an example to the youth of that time. After the public offering of ZZZZ Best the market value of company stock went up to $100 million and even surpassed a market value of $200 million. People were quick to jump on the bandwagon of the teenager’s success oblivious of the fact that Barry Minkow was a con artist and the company he formed only existed on paper.
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