The company's chief financial officer, Charles Arrington, was accused of running up $91,000 in fraudulent charges against customers of his florist business. When the Feshbach brothers, a pair of short-sellers, learned that Minkow still stood behind Arrington, they did further investigating and discovered ZZZZ Best's claimed $7 million contract to clean carpets in Sacramento was likely a fraud. This prompted the Feshbachs to short ZZZZ Best's stock, anticipating that it would fall. Additionally, none of the company's four outside directors had any experience running a public company.