December 9, 2003 |
The trustee in the Reed Slatkin bankruptcy doubled his estimate Monday of what victims of Slatkin's Ponzi scheme might recover, saying it could reach 40 cents for every dollar lost -- and more if investors who came out ahead in the scam would "find it in their hearts" to return some of their profits.
December 5, 2003 |
A former bookkeeper for Santa Barbara con man Reed Slatkin has agreed to plead guilty to obstructing a Securities and Exchange Commission investigation by creating fake documents that showed Slatkin held more than $500 million in Swiss accounts. Jean Janu of Santa Fe, N.M., also agreed to plead guilty to failing to alert authorities to Slatkin's crimes. The two charges could result in a sentence of up to two years in prison, said Assistant U.S. Atty. Steve Olson in Los Angeles.
December 2, 2003 |
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.
September 2, 2003 |
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.
April 25, 2003 |
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.
March 26, 2003 |
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.