CALIFORNIA | LOCAL
January 28, 1988 |
Los Angeles entrepreneur Barry Minkow, unable to obtain bank loans to expand his ZZZZ Best carpet cleaning firm, turned to organized crime figures for financing and together they perpetrated the massive "sting" that defrauded investors and banks out of more than $70 million, federal and Los Angeles investigators told a congressional panel Wednesday.
July 3, 1987
A federal court jury in Chicago found the Ernst & Whinney accounting firm innocent of failing to warn bank officials of bad loans bought from Penn Square Bank that nearly bankrupted the company. The lawsuit pitted the Federal Deposit Insurance Corp. and certain shareholders against the bank's former auditing firm.
June 18, 1987 |
ZZZZ Best Co., the Reseda carpet cleaning firm headed by 21-year-old entrepreneur Barry Minkow, said Wednesday that Ernst & Whinney has resigned as the company's independent auditor and will be succeeded by Price Waterhouse. William Carter, vice chairman of Ernst & Whinney in Los Angeles, would not disclose why his firm parted company with ZZZZ Best.
October 2, 1986
Mark Foletta, Debbi Sanders and Don Tartre have been promoted to audit managers for Ernst & Whinney.
May 31, 1985 |
There's a lot of brotherhood, and some sisterhood, going around in the 37th annual Brotherhood Ball on Wednesday at the Century Plaza Hotel. The National Conference of Christians & Jews will honor Stanley H. Hirsch, Dolores Hope and George F. Moody. Chief concocter of the fete is Lester Korn, chairman and chief executive office of Korn/Ferry International. As general dinner chairman, he and Carolbeth are working with Dickinson Ross, chairman of Johnson & Higgins, the Hon. Mildred L.