January 15, 2003 |
UnionBanCal Corp. must face claims by six investors in Reed Slatkin's Ponzi scheme who claim that California's third-largest bank conspired to conceal the EarthLink Inc. co-founder's fraud. UnionBanCal will have to go to trial on three of four claims over Slatkin's scheme, including aiding and abetting a breach of fiduciary duty and conspiracy to commit fraud, U.S. District Judge Margaret Morrow ruled.
May 11, 2002 |
Pacific Capital Bancorp's Santa Barbara Bank & Trust is accused of knowingly participating in EarthLink Inc. co-founder's Reed Slatkin's $593-million Ponzi scheme in a lawsuit filed by former investors. The nine plaintiffs, including one who lost more than $1 million, claim that Santa Barbara Bank & Trust aided Slatkin's plans by allowing him to co-mingle their money with his personal funds.
March 27, 2002 |
Santa Barbara money manager Reed Slatkin, who built an illusory investment empire using money collected from Hollywood celebrities, Internet moguls and fellow Scientologists, agreed Tuesday to plead guilty to 15 counts of fraud, money laundering and conspiracy for masterminding one of the largest Ponzi schemes in history.
December 18, 2001 |
Trustees in the massive bankruptcy case of money manager Reed Slatkin presented nearly three hours of slides and information in court Monday in an effort to explain the inner workings of Slatkin's failed financial empire.
September 14, 2004 |
Reed Slatkin's former bankers have agreed to pay $26.5 million to settle a lawsuit contending that they helped him appear to be a legitimate investment advisor while he ran a $593-million Ponzi scheme, attorneys in the case said Monday. The recovery would be by far the largest yet for investors in what Slatkin, a co-founder of EarthLink Inc., has admitted was a fraud that began in the mid-1980s and was unmasked in 2001.
September 17, 2003 |
A law firm that represented convicted con man Reed Slatkin has agreed to pay $650,000 to settle claims that it cost investors tens of millions of dollars because it didn't discover Slatkin's scam months before it unraveled. Slatkin was sentenced to 14 years in prison this month for taking $593 million from investors in a Ponzi scheme. Slatkin, a Santa Barbara money manager, pleaded guilty to 15 counts of fraud, conspiracy and money laundering. Bankruptcy trustee R.
November 8, 2006 |
Groups affiliated with the Church of Scientology have agreed to pay back $3.5 million they received from former Santa Barbara money manager Reed Slatkin and others who invested with him. The settlement, approved Tuesday by a federal bankruptcy judge, is part of final efforts to recover funds for the victims of Slatkin, who is serving a 14-year sentence for fraud, conspiracy and money laundering.
May 3, 2001 |
The top two executives of Internet provider EarthLink Inc. invested their personal money with company co-founder Reed E. Slatkin, who is under federal investigation for allegedly running a Ponzi scheme. Sky Dayton, EarthLink's 29-year-old chairman and a key player in the '90s Internet boom, and Chief Executive Charles Garry Betty were among the people who invested money with Slatkin, according to a company spokesman.
October 16, 2002 |
A former Southern California business consultant has agreed to plead guilty to conspiring to obstruct the Securities and Exchange Commission's investigation of a $593- million Ponzi scheme carried out by money manager Reed E. Slatkin, federal prosecutors announced in Los Angeles. Daniel W.