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?
