Church of Scientology Pyramid Scheme Investors Settlement - 2006-11-08

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F128.png Church of Scientology Pyramid Scheme Investors Settlement November 8, 2006, Lawyers and Settlements

Investors filed a lawsuit against three groups affiliated with the Church of Scientology over a pyramid scheme operated by Reed Slatkin, the co-founder of EarthLink. The lawsuit claimed Slatkin used money from new investors to pay off earlier investors. Slatkin raised nearly $600 million and ultimately swindled investors out of about $240 million. Narconon International, the Church of Scientology Celebrity Centre International and the Church of Scientology Western United States were named as defendants. The three groups have agreed to return $3.5 million they received from a pyramid scheme.

Wikipedia cite:
{{cite news | title = Church of Scientology Pyramid Scheme Investors Settlement | url = https://www.lawyersandsettlements.com/settlements/06647/scientology-scheme.html | work = Lawyers and Settlements | date = November 8, 2006 | accessdate = February 7, 2019 }}