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Slatkin Timeline, - 3 articles in SantaBarbara News Press 1 April 02

About Reed Slatkin - One of Scientology's ministers and co-founder of Earthlink involved in one of the largest ponzi schemes ever.

Scientology's "Minister" Reed Slatkin pleads GUILTY to 15 counts of FRAUD


EarthLink founder to plead guilty to fraud
By Reuters
March 26, 2002, 4:50 PM PT

EarthLink co-founder Reed Slatkin, accused of defrauding investors out of nearly $600 million, has agreed to plead guilty to 15 federal charges, prosecutors said Tuesday.

Slatkin, who was charged with 15 felony charges for allegedly orchestrating a massive Ponzi scheme in which he solicited more than $593 million from some 800 investors--including members of the Church of Scientology, where he is a minister--has reached a deal with prosecutors to plead guilty to all of the charges, a U.S. Attorney's representative said.

Slatkin, 53, was charged with five counts of mail fraud, three counts of wire fraud, six counts of money laundering and one count of conspiracy to obstruct justice during an investigation being conducted by the U.S. Securities and Exchange Commission.

U.S. Attorney's spokesman Thom Mrozek said that Slatkin admitted in the written plea agreement that he portrayed himself as a successful financial adviser and provided investors with account statements which purported to show that his investors were achieving above-market returns.

However, Slatkin generally did not buy securities as he told investors, Mrozek said. Instead, he provided victims with false account statements that showed the fabricated returns.

Mrozek said Slatkin used the bulk of investor funds to operate a Ponzi scheme in which he operated a fraud by paying investors returns that were largely made up of funds raised from other investors.


Story Copyright 2002 Reuters Limited. All rights reserved.

Slatkin Plea Agreement is now online

note #2 below the certain group is Scientology...

"f ) Defendant reserves any right he may have to seek downward departures on the following bases:
(1) his alleged extraordinary acceptance of responsibility; and
(2) the alleged psychological impact of his association with certain individuals and/or group(s).
Defendant gives up his right to seek a downward departure on any other basis."

 

Note - There is a new Website dedicated to tracking Scientology's Minister Reed Slatkin

News

Read the LA Times article of Friday, May 11, 2001  Co-Founder of EarthLink Faces Claims of $600 Million

May 12, 2001 LA Times article: FBI and IRS Raid Offices of Slatkin

October 2001 - Esquire Magazine This Man Made $500 Million Disappear...
... And These People Would Like to Know Where it Went

 

See appointment calendar of German Scientologist Helnwein - Slatkin's name appears between meetings with Scientology's OSA Janet Weiland and OSA int..

This ex-scientologist activists thinks the investors that made money will turn out to be Scientologists who were actively giving their money to Scientology's litigation warchest at IAS, like Reed Slatkin.. and that the investors who lost money... will turn out to be "wogs" { what Hubbard called non scientologists )

slatkin.gif (54584 bytes)

-----BEGIN PGP SIGNED MESSAGE-----

There is a scio spampage in the name of "Niesha Renee' Trout". Her
"About myself" section at
http://myreligion.scientologist.net/nieshareneetrout/myself.htm
currently has this sentence in it: "My mother told my uncle about my
constant upsets with people and my various problems that weren. t
handling, and he seemed to feel it was best if I got some Scientology
counseling."

According to Google's cache at
http://www.google.com/search?q=cache:myreligion.scientologist.net/nies
hareneetrout/myself.htm+%22Reed+Slatkin%22&hl=en, this _used_ to
read: "My mother told my uncle, Reed Slatkin, a long time
Scientologist, about my constant upsets with people and my various
problems that weren. t handling, and he seemed to feel it was best if
I got some Scientology counseling." I wonder if Niesha knows about
this? It looks like the Church might be distancing itself from Reed.

I just tried to access the Google cache again, and it has no record
of it. Can anyone verify that this page has changed?

Zed

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Verified. The words "Reed Slatkin" have been removed from the Trout
page.

He never existed, and that blank space in the photograph has always been
there.



I can't help but think it's being made worse by their removing
mention of him. It makes people think, "Gee, what are they trying to
hide?"

--
                        crawford@iac.net

I just accessed this page using the google cache address, which is:
http://www.google.com/search?q=cache:myreligion.scientologist.net/niesharene
etrout/myself.htm

Reed Slatkin is just as there as ever...
"

Around my 11th grade year in high school, I started having some major
difficulties with friends and my parents. Actually, I'd always had
difficulties my whole life, but the problems weren't getting better, they
were just changing and escalating and my happiness overall was plummeting
downward pretty fast. My mother told my uncle, Reed Slatkin, a long time
Scientologist, about my constant upsets with people and my various problems
that weren't handling, and he seemed to feel it was best if I got some
Scientology counseling."


And he's just as gone from the official page at
http://myreligion.scientologist.net/nieshareneetrout/myself.htm

So, whatever nefariousness is occurring at Int wrt Reed Slatkin, it's *not*
happening at Google. The cached version is there as of 4:56 PM EST, 5/03.

-charlotte

OK, now I don't see it either. But I did then...so maybe there *is*
nefariousness at Google.:-)

-charlotte

More likely, the Google servers update their cached copy when someone
looks at the real page. If you looked at the cached copy, then at the
'real' page on one of their servers, the cached copy may have been
updated with the newer version.

The apparently Scientologist business consultant Daniel Jacobs at
http://www.corporatedevelopment.org/  [page is now gone feb 2002 ]
(he doesn't say he's a Scn, but he says
"His expertise focuses on assisting management to identify and resolve
barriers to expansion while establishing stable rapid growth," which, um,
sounds like it to me) worked with our friend Reed Slatkin. At least, in the
google cache of this page:

http://www.google.com/search?q=cache:www.corporatedevelopment.org/resume_old.htm+Reed+Slatkin&hl=en

where we see:
1974 to present
Reed Slatkin & Associates
Consultant & Senior Advisor

However, on page:
http://www.corporatedevelopment.org/resume_old.htm [page is now also gone feb 2002 ]

we see instead a curious foreshortening:
1974 to present
R.S.& Associates
Consultant & Senior Advisor

Reed is being thoroughly disappeared, it seems.

-charlotte


Look at them, before the crime syndicate continues to falsify history,
and purge the files, as they did in the Charles Manson case.

Slatkin, owner of Slatkin & Assoc; and a to-be-named director of
Earthlink was appointed by Apple Computer.

http://www.business.com/directory/internet_and_online/internet_service_providers_isps/earthlink/people/slatkin,_reed_e/

http://www.earthlink.net/about/pr/4bill_merger.html

http://www.earthlink.net/about/pr/bodchange.html

http://www.insanely-great.com/news/00/8/03-earthlink.html

http://www.mindspring.com/aboutms/press-releases/2000/0204.html

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=ELNK&script=2200

http://www.pulver.com/million/elnk.htm

http://biz.yahoo.com/t/e/elnk.html

http://biz.yahoo.com/t/14/3464.html

On 4 May 2001 02:29:01 +1000, nick@zeta.org.au (Nick Andrew) wrote in
<9cs10d$cqh$1@godzilla.zeta.org.au>:

>hendersn@zeta.org.au (Zed) writes:
>
>>According to Google's cache at
>>http://www.google.com/search?q=cache:myreligion.scientologist.net/nies
>>hareneetrout/myself.htm+%22Reed+Slatkin%22&hl=en, this _used_ to
>>read: "My mother told my uncle, Reed Slatkin, a long time
>>Scientologist, [...]
>
>I haven't checked, but it sure looks like Co$ is making Reed Slatkin
>an "unperson". Revisionism, anyone?

Yes. They did the same with Kent Stryker. But not with Tom Marcellus -
denying the Holocaust isn't really a big deal for scientology.

--
Tilman Hausherr [KoX, SP5.55] Entheta * Enturbulation * Entertainment
tilman@berlin.snafu.de http://www.xenu.de

Resistance is futile. You will be enturbulated. Xenu always prevails.

Find broken links on your web site: http://www.snafu.de/~tilman/xenulink.html
The Xenu bookstore: http://www.snafu.de/~tilman/bookstore.html

Reed Slatkin is being vaporized. In the days before the internet
they would surely have gotten away with it. Shredding all records
indicating that he had taken courses, made donations, etc. and denials
to the press should have sufficed to make his connection dissapear, like
it did with Charles Manson. Now they're not denying to the press that
he was a Scientologist but are purging mere mentions of his existence
from his _niece's_ web page. Chilling, no?

"Your name was removed from the registers, every record of everything
you had ever done was wiped out, your one-time existence was denied
and then forgotten. You were abolished, annihilated: vaporized was
the usual word." -George Orwell, 1984

--
"Did you ever read poor old George Orwell's uh.. 1984? Yes, yes, that's
wonderful. That would be, could be, the palest imagined shadow of what
a world would be like under the rule of the secret use of Scientology
with no remedy in existence." -L. Ron Hubbard PDC Lecture #20

Is the bottom arrow pointing at the real Reed slatkin? { Jan 2000 Man with No head }

Blunt denial is crude and can be used against one as a sort of
confirmation. [...] Don't stay on the same subject that you are
being attacked on. [...] ONLY COUNTER-ATTACK HANDLES.

-- HCO Policy Letter of 21 November 1972
(PR Series 18)


The DEFENSE of anything is UNTENABLE. The only way to defend
anything is to ATTACK, and if you ever forget that, then you will
lose every battle you ever engaged in, whether it is in terms of
personal conversation, public debate, or a court of law. NEVER BE
INTERESTED IN CHARGES. DO, yourself, much MORE CHARGING, and you
will WIN.
-- Ability, The Magazine of Dianetics
and Scientology, 1955, ca. mid-March.
("A Manual on the Dissemination of
Material")

 

This cultist is listed as a "Patron" of the IAS in Impact, Issue #53, a
publication of the International Association of Scientologists, representing
minimum donations of $40,000.

9/26/94        REED    SLATKIN     IMPACT ISS 53 1994    0        

>It would be nice for counsel for plaintiffs to realize their money may be
>moldering away in the "War Chest" of the International Association of
>Scientologists. It would also be nice for anyone with a paper copy of this
>publication to fax it to plaintiff's counsel so they can seek recovery of their
>funds. This is not the largest amount of money given by this cultist to his
>cult. He was also listed in another publication, I believe called "The
>Cornerstone," as a "Keystone Member" of their "Super Power Project" fund,
>representing a donation of between $250,000 and $500,000 to the cult's project
>to build their "Super Power Building" in downtown Clearwater across the street
>from the Ft. Harrison Hotel, their primary compound in Occupied Clearwater.
>
>The largest fraud victim is John K. Poitras. His counsel is Richard S. Conn
>
>Contact info:
>
>Richard S. Conn
>Musick, Peeler & Garrett, LLP
>One Wilshire Bldg
># 2000
>624 S Grand Ave
>Los Angeles, California 90017-3321

 

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Background on Slatkin / Earthlink Here


http://www.newspress.com/np_home/fnews.html

Bankrupt: EarthLink co-founder claims millions in debt

5/3/01
By MARK VAN DE KAMP
NEWS-PRESS STAFF WRITER


Hope Ranch resident Reed E. Slatkin, a venture capitalist and co-founder of
Internet giant EarthLink, filed for bankruptcy protection Tuesday in Santa
Barbara, listing debts in excess of $100 million.

Investors are alleging in court papers that Slatkin, 52, defrauded them of tens
of millions of dollars through a phony investment operation funded by friends
and associates who were promised big returns -- as much as 60 percent per year.

There also are indications that Slatkin's investment company, FanFare LLC, did
not exist beyond having a Goleta office, one plaintiff's attorney said. But he
does own two adjacent properties in Hope Ranch, another in Solvang and one in
Newport Beach.

Slatkin is being investigated by the Securities and Exchange Commission for his
financial dealings, according to one plaintiff's attorney and published news
reports. Last week, Slatkin resigned from Atlanta-based EarthLink's board of
directors. Tuesday, he filed for Chapter 11 bankruptcy protection in the U.S.
Bankruptcy Court in Santa Barbara.

One lawsuit filed in Santa Barbara claims Slatkin cheated a retired investor now
living in Santa Ynez out of $15 million. John K. Poitras said that he invested
most of his life savings after Slatkin told him in December about a computerized
day-trading program that could generate annual returns of up to 60 percent.

"We have no idea what Mr. Slatkin has done with our client's money," said one of
Poitras' attorneys, Jim Bertero of the Santa Barbara office of Musick, Peeler &
Garrett.

Bertero said it appears Slatkin took money from recent investors to pay returns
to earlier investors, a form of investment fraud commonly known as a Ponzi
scheme.

"It appears that Mr. Poitras was among the last of the investors to give Mr.
Slatkin money to manage," Bertero said. "Mr. Slatkin was unable to get more
people, to pay off the prior investors. As long as the people keep coming in
with money, the Ponzi scheme lasts."


Slatkin's bankruptcy attorneys and his criminal defense attorneys did not return
calls seeking comment.

Investors have filed at least three claims against Slatkin, with lawyers telling
the Los Angeles Times that he collected more than $300 million from friends,
business partners and fellow members of the Church of Scientology.

Poitras sold his Bay Area home last fall and bought about 58 acres in the
exclusive Woodstock Ranch in the oak-studded hills outside of Santa Ynez. He is
now a resident of Santa Ynez, though the acreage remains undeveloped.

Court papers filed in Santa Barbara reveal that Poitras' legal team is going
after Slatkin, and Slatkin is resisting. On April 13, Poitras won a court order
to freeze Slatkin's $11.9 million bank account and his Hope Ranch home,
conservatively estimated at $4.83 million.

Slatkin's defense team argued in court that he should be released from the court
order, claiming the attachments were "excessive" and are "jeopardizing Mr.
Slatkin's efforts to defend himself and to conduct his business."


Slatkin's bankruptcy filing could keep assets away from creditors, at least for
a while. Chapter 11 allows the debtor to remain in possession of his assets
unless the court rules otherwise. Slatkin's voluntary filing was incomplete as
of Wednesday afternoon and did not list all creditors or substantiate his claim
to more than $100 million in debts.

Poitras' lawsuit says his dealings with Slatkin went like this:

The two men became acquainted socially in 1997. Last December, Slatkin solicited
Poitras to become a member in Fanfare LLC, a company he was forming, with
offices at 890 N. Kellogg Ave. in Goleta.

Slatkin said he and two other investors had each committed $5 million. Poitras
was told that if he joined, his investment would yield returns of up to 50 to 60
percent per year, plus a premium on funds invested near year-end.

Poitras invested $5 million with Slatkin on Dec. 20. In January, Poitras was
told by Slatkin that he could earn 25 to 30 basis points in excess of interest
generally payable by money market funds by placing $10 million more with FanFare
for investment in short-term cash instruments bearing virtually no risk. Slatkin
said securities purchased with Poitras' funds would remain liquid and the funds
could be made available to Poitras on 48 hours' notice.

On Feb. 8, Poitras invested an additional $10 million with the company. Two
weeks later, Poitras instructed Slatkin to liquidate his short-term investment
position and to wire the proceeds to an institutional money market fund. Slatkin
failed to comply, then "promised repeatedly" to take care of it no later than
March 8, but did not, the lawsuit says. Since then, Poitras has demanded an
accounting of his funds and Slatkin has refused.

LA Times

CALIFORNIA SECRETARY OF STATE, LIMITED PARTNERSHIP RECORD

*NAME: REED SLATKIN INVESTMENT CLUB L.P.
TYPE OF LIMITED PARTNERSHIP: DOMESTIC
LIMITED PARTNERSHIP STATUS: ACTIVE
LIMITED PARTNERSHIP NUMBER: 9006500020
FILE-DATE: 03/05/1990
DATE-FORMED: 03/05/1990
STATE-ORIGIN: CALIFORNIA
MAIN-ADDRESS: 890 N. KELLOGG AVENUE
SANTA BARBARA, CA 93111
REGISTERED AGENT: REED SLATKIN
REGISTERED OFFICE: 890 N. KELLOGG AVE.
SANTA BARBARA, CA 93111
GENERAL PARTNERS: REED SLATKIN
890 N. KELLOGG AVE.
SANTA BARBARA, CA 93111


CALIFORNIA FICTITIOUS BUSINESS NAMES

DBA NAME: Slatkin INV Club Reed
BUSINESS ADDRESS: 16633 Vntr Blvd 1220
Encino, CA 91436
STATE: California
COUNTY: Los Angeles
*OWNER: Reed, Slatkin
BUSINESS DESCRIPTION: Organization
FILING DATE: 5/16/1990
SIC CODE: 832218

Co-Founder of EarthLink Is Accused of Investor Fraud
Los Angeles Times
Wednesday, May 2, 2001

Co-Founder of EarthLink Is Accused of Investor Fraud
Los Angeles Times
Wednesday, May 2, 2001

Courts: Lawsuits allege Reed E. Slatkin bilked friends out of $35 million.
SEC is also conducting an investigation.

By LIZ PULLIAM WESTON, MYRON LEVIN, Times Staff Writers
http://www.latimes.com/business/20010502/t000036899.html

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%.

Investors have filed at least three lawsuits accusing Slatkin of
defrauding them of more than $35 million, and the size of the potential
losses could grow. Attorneys say Slatkin invested more than $300 million
for a nationwide network of more than 100 friends, business partners and
members of the Church of Scientology, to which Slatkin belongs.

Slatkin, who is not registered with the SEC as an investment advisor, did
not return calls for comment Tuesday. One of his attorneys, Los Angeles
bankruptcy specialist Richard M. Pachulski, said Slatkin would file for
Chapter 11 financial reorganization this week. Another of Slatkin's
attorneys, Santa Monica criminal lawyer Brian A. Sun, said his client was
cooperating with SEC investigators.

"It is our intention . . . to cooperate with the investors and authorities
in trying to locate and maximize the assets or the funds that are out
there," Sun said.

SEC officials declined to comment.

Slatkin resigned from EarthLink's board of directors Thursday, the day a
meeting of Slatkin's East Coast creditors was held in Washington, lawyers
for the investors said. EarthLink officials could not be reached for
comment. Atlanta-based EarthLink provides Internet connections for about
4.8 million subscribers.

More than 80 investors attended a second creditors' meeting Monday at the
Santa Monica offices of Slatkin's securities lawyer, Gerald E. Boltz. The
meeting included representatives of a group of Scientologists who had
invested more than $250 million with Slatkin, attorneys said.

A lawyer for the Scientology investors, Michael A. Sherman, said Tuesday
that he had no comment about the case or whether his clients would sue
Slatkin.

Boltz confirmed that Slatkin was a member of the Church of Scientology, a
religion founded by science fiction writer L. Ron Hubbard and adhered to
by a number of Hollywood celebrities.

Some of the investors at Monday's creditors meeting defended Slatkin,
saying they couldn't believe the man they trusted with their money would
do anything wrong, attorneys said.

"He's become entwined in their lives. He holds second mortgages on some of
their homes," said investor attorney Mark J. McKeefry of Newport Beach.

But several investors had become disenchanted with Slatkin in recent
months, according to two lawsuits filed in Los Angeles and one in Santa
Barbara.

The plaintiff in the Santa Barbara suit, retired venture capitalist John
K. Poitras, said he invested most of his life's savings with Slatkin.

Poitras, who is not a Scientologist and who lives in the Northern
California community of Woodside, said in court filings that he met
Slatkin in 1997 at various society functions in Santa Barbara, where
Poitras was planning to move. In December 2000, Poitras said, Slatkin told
him about a computerized day-trading program he had developed that could
generate 50% to 60% annual returns.

According to the lawsuit, Poitras invested $5 million with Slatkin, then
an additional $10 million in February, which was to be invested in an
account that Poitras was supposed to be able to tap with 48 hours' notice.

When Poitras changed his mind about the second investment, however,
Slatkin didn't return the money, the lawsuit alleges.

Poitras' attorney, Richard S. Conn, said it appeared Slatkin was using
money collected from recent investors to pay returns to earlier
investors--an investment fraud commonly known as a Ponzi scheme.

On April 13, Poitras won a court order to freeze Slatkin's brokerage
accounts and other assets, including his Hope Ranch home in Santa Barbara.

A group of Texas investors filed their lawsuit against Slatkin in U.S.
District Court in Los Angeles a week later. One of the plaintiffs, Stuart
W. Stedman, who handled money for several family partnerships, said he
began investing with Slatkin in 1997 and eventually entrusted the
EarthLink founder with $18.4 million.

Stedman said in court filings that Slatkin gave him statements showing the
money had grown to more than $34 million by the end of last year. But when
Stedman tried to withdraw $2 million in December, Slatkin at first
questioned whether Stedman needed the money, then stalled and refused to
return phone calls, the lawsuit alleges.

On March 29, Slatkin told Stedman he had more than $380 million in
investors' funds in Swiss bank accounts. But Slatkin said the money had
been frozen because of a money-laundering investigation, the court filings
say.

An investigation by Stedman's attorneys, however, found that the Union
Bank of Switzerland account numbers Slatkin provided were incomplete and
could not be matched with any valid account. Slatkin gave an incorrect
phone number for the bank branch and included a letter signed by a
"Jacques Lejeune," when no such person worked for the bank, according to
the lawsuit.

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