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Co-Founder of EarthLink is accused of investor fraud

Title: Co-Founder of EarthLink is accused of investor fraud
Date: Wednesday, 2 May 2001
Publisher: Los Angeles Times (California)
Authors: Liz Pulliam Weston, Myron Levin
Main source: articles.latimes.com

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Courts: Lawsuits allege Reed E. Slatkin bilked friends out of $35 million. SEC is also conducting an investigation. 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 ... [Read the rest at articles.latimes.com]