Reed Slatkin dies of heart attack - Scientologist served time as major Ponzi schemer - 2015-06-23
"He was alone and he made it to the hospital. He seemed to know he was having a heart attack and he collapsed and fell dead," Alburger told us in a telephone call today.
In 2003, Slatkin pled guilty to mail fraud, wire fraud, money laundering, and obstruction of justice and was sentenced to 14 years in prison. At the time, he was accused of operating one of the largest Ponzi schemes in history until it was eclipsed by the fraud perpetrated by Bernie Madoff. Slatkin had raised some $593 million in assets from investors before he was shut down by the Securities and Exchange Commission in May 2001 and was then raided by the FBI.