Tuesday, February 17, 2009

CoS Groups Returning Slakin Ponzi's Money

As I wrote on Dec. 20, 2008, I have never heard anybody who victim of in a pyramid scam agreeing to return money gained in such a scheme once it was discovered to be a scam money, and so far groups affiliated with the Church of Scientology are the only ones to do so in my knowledge. Here is recent mention of this:

Alleged Madoff victims may be vulnerable to other victims' claims - Los Angeles Times:
"In another case, groups affiliated with the Church of Scientology agreed in 2006 to pay back $3.5 million they received from former Santa Barbara money manager Reed Slatkin and others who invested with him. Slatkin is set for release in 2014 from the U.S. penitentiary at Lompac, where he has been serving time in connection with a $593-million operation in which money from some investors was used to pay off others -- the classic definition of a Ponzi scheme."
Related blog entries: R-Slatkin-

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