In a video just posted on YouTube late Thursday evening, convicted felon turned fraud fighter Barry Minkow (co-founder of the Fraud Discovery Institute) called Lennar Corporation (NYSE: LEN) a "financial crime in progress."
We know fraud and you're (Lennar) just fraud.... I'll be back very soon with interviews from past employees and interviews from experts that further corroborate how Lennar Corporation is a financial crime in progress and will not be allowed to get away with this by taking advantage of people any more.
Note: Bold print and italics added by me. Bracketed information added by me for clarity.
Barry Minkow plans on issuing a "top ten red flags for fraud at Lennar Corporation" on a new web site called lenn-ron.com Friday afternoon.
According to Minkow, he was brought into this case by a local California developer client who alleges that they were defrauded by Lennar.
This blog will provide more details soon. Until then, please watch the video.