Reed Slatkin Given 14-Year Prison Term - 2003-09-03

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F47.png Reed Slatkin Given 14-Year Prison Term September 3, 2003, E. Scott Reckard, Los Angeles Times

Reed E. Slatkin, who took $593 million from investors in one of the biggest Ponzi schemes in history, was sentenced to 14 years in prison Tuesday by a Los Angeles judge who overruled prosecutors' recommendations for a lesser term.

Citing "the tremendous harm he has done," U.S. District Judge Margaret Morrow rejected the former Santa Barbara money manager's claim that he had acted under "duress and diminished capacity" because of threats from fellow Scientologists who allegedly urged him to continue his scam so they could profit. Morrow credited Slatkin with helping authorities unravel the financial fiasco, as Slatkin had pledged to do in his plea bargain last year, but raised questions about the timeliness and degree of his assistance.


{{cite news | first = E. Scott | last = Reckard | title = Reed Slatkin Given 14-Year Prison Term | url = http://articles.latimes.com/print/2003/sep/03/business/fi-slatkin3 | work = Los Angeles Times | date = September 3, 2003 | accessdate = January 14, 2017 }}