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EarthLink founder guilty of operating a Ponzi scheme
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
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.
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