The Real Deal Miami

Lennar shares fall

January 09, 2009 02:01PM

Shares of Lennar Corporation, the country’s second largest home builder, fell by $2.20 this morning to $9.22, after Barry Minkow criticized some of the company’s deals. Minkow, who served over seven years in prison for stock fraud, now operates the Fraud Discovery Institute, a fraud detection company. Minkow said the builder has engaged in “deceptive business practices.” Lennar reported its seventh straight quarterly loss in December.