Reed Slatkin

Reed Slatkin
Born
Reed Eliot Slatkin

(1949-01-22)January 22, 1949
Detroit, Michigan, US
DiedJune 23, 2015(2015-06-23) (aged 66)
Los Angeles, California, US
NationalityAmerican
OccupationFormer investment manager
Criminal statusUSP Lompoc: released on 6 July 2013[1]
MotivePonzi scheme
Conviction(s)Guilty plea, 15 counts: mail fraud, wire fraud, money laundering, obstruction of justice
Criminal penalty14 years in U.S. federal prison

Reed Eliot Slatkin (January 22, 1949 – June 23, 2015) was an initial investor and co-founder of EarthLink[2][3] and the perpetrator of one of the largest Ponzi schemes in the United States since that conducted by Charles Ponzi himself.[4]

Slatkin had been an ordained Scientology minister since 1975.[4][5][6] Around 1984, he changed from being a full-time minister to becoming a self-employed investor, and many of his investment clients and victims were also Scientologists.[5]

  1. ^ Cite error: The named reference fbop-locator was invoked but never defined (see the help page).
  2. ^ Staff (March 27, 2002). "Earthlink co-founder charged with fraud, money laundering". CNN. Time Warner. Retrieved June 12, 2008.
  3. ^ Tkacik, Maureen (March 27, 2002). "EarthLink Co-Founder Slatkin Admits to Fraud in Ponzi Scheme". Wall Street Journal. Retrieved June 11, 2008.
  4. ^ a b
  5. ^ a b Cite error: The named reference trustee-200112 was invoked but never defined (see the help page).
  6. ^ Liz Pulliam Weston. "The Basics: 7 reasons to fire your financial adviser". MSN Money. Microsoft. Archived from the original on May 1, 2006. Retrieved August 5, 2006.