Master Con Artist Exposes His Greatest Scams: How He Masterminded Unbelievable Frauds | Barry Minkow

Locked In with Ian Bick

Ian Bick

Society & Culture

4.8 • 743 Ratings

🗓️ 13 June 2024

⏱️ 111 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover the mind-blowing secrets of a master con artist as he reveals his most daring and infamous scams. From intricate frauds to unbelievable cons, get an exclusive behind-the-scenes look at how he pulled off his greatest schemes. Hosted, Executive Produced & Edited By Ian Bick: https://www.instagram.com/ian_bick/?hl=en https://ianbick.com/ Connect with Barry Minkow: https://linktr.ee/barryminkow Powered by: Just Media House : https://www.justmediahouse.com/ Creative direction, design, assets, support by FWRD: https://www.fwrd.co Buy Merch: https://lockedinbrand.com Use code lockedin at checkout to get 20% off your order Timestamps: 00:00:00 - Intro 00:06:43 - Suffering Consequences 00:13:53 - The Propensity to Sink their Own Ship 00:21:01 - The Consequences of Lying 00:27:55 - "The Psychology Behind Our Decisions" 00:34:50 - The Scotch Guard Incident 00:41:24 - Check Kiting and Exploiting the Float 00:47:48 - The Meeting Payroll Mentality 00:54:39 - Uncovering Frauds and Devastating Consequences 01:01:42 - The Mob and Fraud Charges 01:08:09 - The SEC and Insider Trading 01:14:38 - Life after Prison and Paying Restitution 01:21:19 - Betrayal and Rebuilding Relationships 01:28:16 - Reflecting on Past Mistakes and Seeking Forgiveness 01:36:20 - Building Relationships through Helping 01:43:31 - Leaving a Lasting Legacy 01:50:34 - Lockdown in Terminal Island Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	They'd come back, I'd get the authorization numbers.
0:02.4	I'd add a two in front of the 5797. So 25797, I'd get an approval. That next, I'd bring it to the bank that day. The next day was clear funds. It took 60 days. Remember, today you would know tonight if somebody charged your credit card. Get an alert on your phone. Absolutely. Not even tonight. I'd know right this second. They didn't have no phone. that at an alert and everybody
0:24.4	exploit. if somebody charged your credit card. Get an alert on your phone. Absolutely. It's not even tonight.
0:21.0	I'd know right this second.
0:21.9	They didn't have no phone.
0:22.5	They didn't have no alert.
0:23.3	And everybody exploited the float time in kiting, every crook, and I'm not proud of it, and master charge a visa.
0:31.6	And then the third was payroll taxes.
0:44.9	What's up, guys, and welcome back to your favorite podcast, Locked in with Ian Bick.
0:56.2	On today's episode, we have one of the original Fraud Kings of America before there was a Wolf of Wall Street, before there was Bernie Madoff, before there was any of these hit, you know, fraud stories that everyone's fascinated about. There was Barry Minko.
1:04.4	Barry has had books written about him, feature films done on him, and he started at such a young
1:10.4	age in fraudulent businesses.
1:12.9	It makes his story so fascinating and interesting. And I'm super excited to share it with you guys
1:18.9	today. Thank you, as always, for the love and support. And I hope you sit back, relax,
1:24.3	and get ready to lock in with Barry Minko.
1:27.3	Barry, I'm so excited for you to be here, and I'll tell you why.
1:31.6	Tell me.
1:31.9	Because when I got out of prison, my uncle, James Forrester, he's a medical doctor,
1:38.6	a cardiologist. He's written books and whatnot.
1:41.0	Angry past carpet cleaning client or something?
1:43.4	No, this gets better wait
1:44.7	wait till you see this or hear this and his son is a writer for the office and they're a very
	...

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