EarthLink founder guilty of operating a Ponzi scheme

[blitz <blitz () macronet net>]

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




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