EarthLink co-founder admits bilking millions from investors (Greta involved!)

San Diego Union-Trib ^ | Mar. 27, 2002 | Hank Rearden

[Hank Rearden]

Hope she didn't blow the profits on that horrible facelift.

[Night Hides Not]

Would this be called a 'Big Media/Big Hollywood' rip-off of the 'little people'?

I think Greta's half-life with FNC is evaporating rapidly.

[Skip Ripley]

Why, because she invested in a company that turned out to be fraudulent? There is no reason to believe she knew that the head of the company was a crook, so why should she be blamed?

[Night Hides Not]

In principle, I agree with you 100%.

However, my Schadenfreude levels are skyrocketing as I think about the beloved 'appearance of impropriety'. For years, she has condescendingly lectured her opponents as if she were the higher being. Now Greta is going to find out what happens when the shoe is on the other foot.

[VadeRetro]

However, my Schadenfreude levels are skyrocketing as I think about the beloved 'appearance of impropriety'.

A Ponzi scammer gives his early investors a great rate of return. It's all investor money anyway. If you have celebrity investors, you make sure you give them a good return to get the word of mouth going for you.

At some point, of course, because there are no real investments being made with all the investor money coming in, you couldn't straighten up and fly right if you wanted to. All these people out there think they own something now and they don't. So you disappear.

Slatkin forgot to do the last step. (It's probably getting harder to do a good disappearing act these days.)

Anyway, it's very, very unlikely Greta knew anything.

[KC_Conspirator]

I think Greta's half-life with FNC is evaporating rapidly.

She's terrible. Everynight they have serious discussions on the other shows and she wants to talk about silly nonsense and has enough guests on at one time to make one of those "Brady Bunch" Hollywood squares.

[Cogadh na Sith]

I'm wearing my clam diggers...

[Publius6961]

... resigned from the company's board in April and filed for Chapter 11 personal bankruptcy protection May 1.

So what year did this really happen, and what does it have to do with Earthlink?

[Young Rhino]

Is Slatkin a Scientologist? If so, any correlation between those who received money and Scientology membership? Just curious, given Greta's status as an evolved clam.

[dighton]

Sí, zuppa di vongole!

[PatrioticAmerican]

Another serious blow to the technology/telecommunications industries.

[dennisw]

SCIENT_LOGY!!

[dennisw]

SCIENT_LOGY!! Bumpski. I remember when they used to bother people in Kenmore Square.

[Eva]

Slatkin started his investment operations in 1990 and included fellow members of the Church of Scientology, Internet executives and Hollywood celebrities as clients.

This is what the Scientology is all about. They get big name members who are talked into letting "the church" manage their investments. The celebs get great returns and the peons get very little and do all the work, but give all their money, anyway. The whole religion/cult is a giant ponzi scheme.

Maybe that is why Germany is so opposed to Scientology, the wealthy turnover their money to Scientology, get a tax break and Scientology returns the money in goods and services. (I am thinking outloud or on-line, actually)

[PJ-Comix]

Unfortunately I have Earthlink. I didn't want it but it bought out my original ISP, Cybergate, and I didn't want to change my e-mail address.