Cofounder of EarthLink Pleads Guilty in Fraud Scheme

EarthLink Inc. cofounder Reed Slatkin pleaded guilty to 15 federal counts relating to a fraud scheme that bilked investors out of at least $254 million. Slatkin, 53, who also served as a financial adviser to celebrities, business executives and socialites, pleaded guilty to five counts of mail fraud, three counts of wire fraud, six counts of money laundering and one count of conspiracy to obstruct justice.