Reed Slatkin associate to plead guilty – officials

Reuters, Oct. 15, 2002
http://money.iwon.com/

LOS ANGELES, Oct 15 (Reuters) – A man who allegedly tried to obstruct a Securities and Exchange Commission investigation into EarthLink Inc. (ELNK) financier Church of Scientology who was excommunicated from that organization earlier this year, Slatkin faces a maximum of 105 years in prison stemming from five counts of mail fraud, three counts of wire fraud, six counts of money laundering and one count of conspiracy.

Slatkin admitted in a plea agreement with prosecutors that he had portrayed himself as a successful financial adviser and provided investors with fake account statements to show that they were achieving above-market returns.

In 1993, when it could take hours to log on to the Internet, 23-year-old Sky Dayton decided to found an Internet service provider focused on customer service.

He persuaded Slatkin and Kevin O’Donnell to invest $100,000 and EarthLink, now one of the nation’s largest ISPs, was launched in Glendale, California, in 1994.

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