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Reed E Slatkin

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BUSINESS
May 2, 2001 | LIZ PULLIAM WESTON and MYRON LEVIN, TIMES STAFF WRITERS
Investors are accusing Reed E. Slatkin, a co-founder of the giant Internet service provider EarthLink Inc., of operating a Ponzi scheme that may have resulted in the loss of least $35 million of their funds. Slatkin--a Santa Barbara socialite and venture capitalist--also is under investigation by the Securities and Exchange Commission for his financial activities, which allegedly included a day-trading operation that promised annual returns of up to 60%.
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BUSINESS
October 26, 2005 | E. Scott Reckard
A former Southern California business consultant received a four-month prison sentence for conspiring to obstruct a Securities and Exchange Commission investigation of financial advisor Reed E. Slatkin's $593-million investment scam, federal prosecutors said Tuesday. Daniel W. Jacobs helped stall the SEC for more than a year by pretending to represent a Swiss brokerage holding hundreds of millions of dollars in funds from Slatkin investors, according to his plea agreement with the government.
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BUSINESS
May 15, 2001 | Liz Pulliam Weston
The U.S. trustee's office filed an emergency motion Monday asking that a trustee be appointed to take over EarthLink co-founder Reed E. Slatkin's Chapter 11 bankruptcy case. Slatkin has been sued by investors for allegedly mishandling their funds, and his offices were raided Friday by the Federal Bureau of Investigation and the Internal Revenue Service. The Securities and Exchange Commission won an order, also Friday, freezing Slatkin's assets. U.S.
BUSINESS
December 15, 2004 | E. Scott Reckard
A U.S. District Court judge in Los Angeles approved a $26.5-million settlement of an investors' lawsuit that accused Reed Slatkin's former bankers of lending an aura of legitimacy to the Santa Barbara money manager while he ran a huge fraud. Judge Margaret Morrow, who sentenced Slatkin last year to 14 years in prison, said the settlement was reasonable. It was reached in September with Union Bank of California, Bank of Orange County, Imperial Management Inc.
BUSINESS
October 26, 2005 | E. Scott Reckard
A former Southern California business consultant received a four-month prison sentence for conspiring to obstruct a Securities and Exchange Commission investigation of financial advisor Reed E. Slatkin's $593-million investment scam, federal prosecutors said Tuesday. Daniel W. Jacobs helped stall the SEC for more than a year by pretending to represent a Swiss brokerage holding hundreds of millions of dollars in funds from Slatkin investors, according to his plea agreement with the government.
BUSINESS
April 26, 2002 | E. SCOTT RECKARD, TIMES STAFF WRITER
Reed E. Slatkin, the money manager to Hollywood luminaries who admitted to having lost $255million during a 15-year fraud spree, was taken into custody in federal court in Los Angeles on Thursday to await months of questioning by investigators. The co-founder of EarthLink Inc. agreed last month to plead guilty to 15 counts of fraud, money laundering and conspiracy. He returns to court Monday to enter his plea to charges carrying a potential sentence of as many as 15 years.
BUSINESS
July 26, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
Fallen money manager Reed E. Slatkin owes investors and other creditors $576 million but apparently has assets of less than $45 million, according to a report filed by a court-appointed trustee in Santa Barbara this week. The first official accounting of Slatkin's finances is probably incomplete because the unregistered money manager cooperated only intermittently in identifying his assets and debts, trustee R. Todd Neilson, a forensic accountant, said in the report.
BUSINESS
May 26, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
The FBI on Friday searched the Santa Barbara home of Reed E. Slatkin, the EarthLink Inc. co-founder and private money manager under criminal investigation for investment fraud. The search at Slatkin's Hope Ranch estate came two weeks after FBI and Internal Revenue Service agents raided Slatkin's offices in Goleta and Santa Fe, N.M., hauling away boxes of documents and computers.
BUSINESS
January 18, 2003 | E. Scott Reckard, Times Staff Writer
Investors who saw more than $225 million evaporate when Earthlink Inc. co-founder Reed E. Slatkin's long-running fraud collapsed won a court round Friday in their efforts to recover funds from the relatively few Slatkin investors who profited -- a group including celebrities such as actor Peter Coyote and former supermodel Cheryl Tiegs.
BUSINESS
July 31, 2001 | SAM KENNEDY, TIMES STAFF WRITER
At a bankruptcy hearing in Santa Barbara on Monday, Reed E. Slatkin faced his investors for the first time since they accused the fallen money manager of bilking them of hundreds of millions of dollars. Slatkin invoked his 5th Amendment right against self-incrimination, refusing to answer questions from court-appointed bankruptcy trustee R. Todd Neilson. Instead, he offered a short statement to the 100 investors, lawyers and onlookers.
BUSINESS
December 2, 2003 | E. Scott Reckard
A former associate of Santa Barbara investment scam artist Reed Slatkin was sentenced to five months in federal custody and five months of home detention for obstructing a federal probe and lying to investigators. Richard D. McMullin, 39, worked as an assistant in Slatkin's office from the mid-1980s until 1999, handling phone calls from investors, helping to create account statements and researching stocks. U.S. District Judge Margaret Morrow ordered McMullin to pay a $4,000 fine. Assistant U.S.
BUSINESS
September 2, 2003 | E. Scott Reckard, Times Staff Writer
During more than 15 years of fraud that cost his investors $240 million, Reed E. Slatkin seemed as much trusted friend as money manager. He schmoozed clients with tips on how to landscape their estates, attended funerals of their family members and all the while offered assurances that he would protect their college and retirement funds. His victims have asked to tell some of those stories today at Slatkin's sentencing hearing in Los Angeles, hoping to persuade U.S. District Judge Margaret M.
BUSINESS
April 25, 2003 | From Bloomberg News
An associate of Earthlink Inc. co-founder Reed Slatkin agreed to plead guilty to obstructing a Securities and Exchange Commission inquiry into a $593-million fraud scheme, prosecutors said. Richard McMullin, 38, will admit to making false statements to the FBI and the bankruptcy trustee for the Slatkin estate. Slatkin, 54, pleaded guilty last year to orchestrating a Ponzi scheme that solicited $593 million from almost 800 investors. He could face up to 105 years in prison and fines of $3.
BUSINESS
March 26, 2003 | E. Scott Reckard, Times Staff Writer
Investors defrauded of $255 million by EarthLink Inc. co-founder Reed Slatkin are hoping to recover funds from the Church of Scientology International and six affiliated organizations that allegedly wound up with tens of millions of dollars from the investment scam, their attorneys said Tuesday.
BUSINESS
January 18, 2003 | E. Scott Reckard, Times Staff Writer
Investors who saw more than $225 million evaporate when Earthlink Inc. co-founder Reed E. Slatkin's long-running fraud collapsed won a court round Friday in their efforts to recover funds from the relatively few Slatkin investors who profited -- a group including celebrities such as actor Peter Coyote and former supermodel Cheryl Tiegs.
BUSINESS
April 26, 2002 | E. SCOTT RECKARD, TIMES STAFF WRITER
Reed E. Slatkin, the money manager to Hollywood luminaries who admitted to having lost $255million during a 15-year fraud spree, was taken into custody in federal court in Los Angeles on Thursday to await months of questioning by investigators. The co-founder of EarthLink Inc. agreed last month to plead guilty to 15 counts of fraud, money laundering and conspiracy. He returns to court Monday to enter his plea to charges carrying a potential sentence of as many as 15 years.
BUSINESS
June 2, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
Fallen money manager Reed E. Slatkin has signed a consent decree with securities regulators and is discussing a plea bargain with the U.S. attorney's office over his role in what has been described as one of the largest potential Ponzi schemes investigated by government officials. Slatkin's moves signal that he is trying to avoid a court showdown over an investment management business that took in hundreds of millions of dollars from wealthy investors.
BUSINESS
May 4, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
EarthLink Inc. co-founder Reed E. Slatkin, under investigation for running an alleged Ponzi scheme, told some of his clients in January 2000 that he was getting out of the money-management business, but instead continued to accept new investments until early this year. Slatkin, a Santa Barbara venture capitalist, told the investors in a Jan. 7, 2000, letter that "a question again has been raised by the [Securities and Exchange Commission] . . .
BUSINESS
December 22, 2001 | Staff and Wire Reports
UnionBanCal Corp. and a California law firm face a suit claiming they conspired to conceal information from U.S. authorities investigating Reed Slatkin, the bankrupt investment manager who is under criminal investigation for alleged investment fraud. The lawsuit, filed in Los Angeles County Superior Court on behalf of Los Angeles investor Harry Rockoff, claims that the No.
BUSINESS
December 21, 2001 | LIZ PULLIAM WESTON, TIMES STAFF WRITER
Investors who profited from Reed Slatkin's alleged Ponzi scheme will be asked--and if necessary sued--to pay back millions of dollars they received in bogus gains, a U.S. Bankruptcy Court trustee said Thursday. Trustee R. Todd Neilson said he is reviewing a list of 75 people who allegedly reaped $151 million in profits from their investment with Slatkin to determine who will receive a letter demanding they return the money. Those who do not comply could face lawsuits, Neilson said.
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