Zzzz Best Carpet Cleaning Company

Zzzz best was a carpet cleaning company set up in inglewood california in 1982 by the then 16 year old barry minkow while he was still in school.

Zzzz best carpet cleaning company.

His company made an escalating growth to 1400 employees in just four years. Barry started his carpet cleaning business called zzzz best at the early age of 15 in his parent s garage. Minkow was sixteen and still at school when he founded the company. Zee best was a carpet cleaning and restoration company that was created in inglewood california in 1982 by barry minkow.

His company became the national sensation and was valued to be around 280 million that time. Zzzz best started as a carpet cleaning company. The company initially struggled for survival. While still in high school he founded zzzz best pronounced zee best which appeared to be an immensely successful carpet cleaning and restoration company.

Due to high competition in the industry low enter barriers and bad internal control this young entrepreneur started to have cash flow problems and a shortage of working capital. The company went public in december 1986 and was quickly valued at over. Zzzz best founded by barry minkow was a carpet cleaning and restoration company that served as a front for a ponzi scheme. Minkow was charged in federal court with racketeering money laundering and fraud in connection with zzzz best a company he founded as a teenager.

Barry jay minkow born march 22 1966 is a former american businessman pastor and convicted felon. It was a front for a ponzi scheme. Whiz kid entrepreneur barry j. You ll recall that minkow is the guy behind zzzz best a now long defunct carpet cleaning company that has been the poster case for accounting fraud for more than 20 years.

Barry minkow founded zzzz best in his parents garage in 1982 when he was only sixteen years old. This impressed the heck out of wall street. Back in the 1980s minkow launched the company and rapidly grew it into a concern boasting 200 million in market capitalization.