IMG vacuums up Minkow life story


IMG Film has acquired the life rights of Barry Minkow, who at age 20 became the youngest person to take a company public on Wall Street but later went to prison for fraud.

The story of the young carpet-cleaning entrepreneur-turned-convict who eventually became a Christian minister was featured in 2006 on a segment of "60 Minutes." His autobiography, "Cleaning Up," will serve as the basis for the movie.

IMG expects to begin preproduction in the fourth quarter.

After serving seven years in prison for fraud, Minkow turned to the other side of the law. In the past four years, he has helped law enforcement in uncovering financial crimes.

"I saw the '60 Minutes' piece and was floored; this is a huge comeback story," said IMG co-founder Jeff Bowler, who will produce the film along with IMG co-founder Bret Saxon.

IMG, a production and talent management company, recently produced "The Grand," starring Woody Harrelson.