North American Network Operators Group
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EarthLink founder guilty of operating a Ponzi scheme

  • From: blitz
  • Date: Wed Mar 27 16:57:37 2002



LOS ANGELES – The co-founder of EarthLink, one of the nation's
largest Internet providers, agreed yesterday to plead guilty to operating a
Ponzi scheme that involved $593 million and 800 investors, including
celebrities.

Reed Slatkin acknowledged in court documents that he was responsible
for $254 million in losses and agreed to plead guilty to mail fraud, wire
fraud, money laundering and obstruction of justice charges.

Full story here:
http://www.uniontrib.com/news/business/20020327-9999_1n27ponzi.html




Like we didn't know?