Former Convict, Co Founder of the Fraud Discovery Institute in San Diego, California
For the first part of his life, Barry made headlines for being the youngest person in United States business history to take a company public before he was 21 years old. However, his company (which at one time had a $300 million dollar public stock evaluation) was built on fraud and deceit. He amassed over $20 million in loans from 15 different banks, including three investment banks and several private individuals – all for a company whose actual revenues were 86% less than what they reported and who never earned a profit in the five years it was in business. Unlike most white-collar criminals, Barry did not receive a slap on the wrist and an 18-month stay at a golf course prison camp for his crimes. He served almost seven & a half years, mostly served in maximum and medium security facilities and one of his cellmates was serving time for murder. As a result of this long prison stay, no one is better equipped to talk about the consequences of compromise than Barry. Since his release from prison, he has traveled the country speaking to law enforcement agencies like the FBI, public accounting firms, the Institute of Internal Auditors, private business, and the Pentagon. For the last 12 years, Barry has made monthly restitution payments to the final victim of his fraud. In October of 2005 the FBI wrote an official commendation letter acknowledging that Barry had been involved in uncovering some 13 cases totalling millions of dollars which law enforcement had no knowledge of prior to his involvement. As an expert on fraud, he has appeared on national television networks including Fox News, CNN and CNBC. Oh ya – he’s also a pastor.