Ponzi King Reed Slatkin Freed

Released From Halfway House After 10 Years in Prison

Monday, July 8, 2013
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Reed Slatkin
Click to enlarge photo

matt straka file photo

Reed Slatkin

Reed Slatkin, 64, a Santa Barbaran who told Ponzi whoppers to 800 victims and reeled in $600 million, was freed from a Long Beach halfway house Friday after serving 10 years in prison.

It’s not known if he is returning to Santa Barbara or whether he managed to stash away any of his ill-gotten loot.

I asked for an interview with Slatkin last February, but he declined. Slatkin ripped off celebrities as well as his fellow Scientology members. Some of his associates also spent time behind bars, including his bookkeeper, accused of cranking out false reports telling tall tales to unsuspecting investors.

Some investors won big, others lost huge. Slatkin was able to move from a Goleta tract house to Hope Ranch and acquire expensive cars, planes, valuable paintings and a wine collection, but lost it all in the end.


Independent Discussion Guidelines

For you are the Ponzi King, you are, hurrah for the Ponzi King

Ken_Volok (anonymous profile)
July 8, 2013 at 1:29 p.m. (Suggest removal)

I think CalPERS and CalSTRS also have his photo hanging in their hallowed halls as well.

foofighter (anonymous profile)
July 8, 2013 at 2:30 p.m. (Suggest removal)

You just hate anything or anyone decent and good don't you foo?

Ken_Volok (anonymous profile)
July 8, 2013 at 2:54 p.m. (Suggest removal)

Rules like this make people want to smoke just to spite the petty pc police.

Ken_Volok (anonymous profile)
July 8, 2013 at 2:59 p.m. (Suggest removal)

I grew up with his son and I remember the room in the garage that we were not suppost to go in...We did though...

miked442 (anonymous profile)
July 8, 2013 at 4:56 p.m. (Suggest removal)

So, tell us more about his story.

muloblanco (anonymous profile)
July 9, 2013 at 8:51 a.m. (Suggest removal)

Yes, Jmike!
I'm kind of hoping he runs for mayor again. He injected some (unintentional) hilarity into the 2009 campaign.

zappa (anonymous profile)
July 9, 2013 at 12:34 p.m. (Suggest removal)

How about let the son have his own life.

Ken_Volok (anonymous profile)
July 9, 2013 at 12:41 p.m. (Suggest removal)

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