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.
|Tightening of loose cables preceded FIU bridge collapse that killed at least 6: Sen. Rubio|
|Brown Harris Stevens promotes Phil Gutman to president of Miami brokerage|
|Sonny Kahn buys neighboring Golden Beach oceanfront property for a big markdown|
|Developer Andy Ansin, son of billionaire, sells Coral Gables spec mansion|
|Rising construction costs challenge multifamily developers: panel|