EarthLink founder faces 105 years in jail

NEWS EarthLink's co-founder has pleaded guilty to 15 counts of fraud that saw investors cheated out of more than $254m. Reed Slatkin faces a maximum of $3.75m in fines and 105 years in prison. Slatkin admitted to laundering money, mail fraud, wire fraud and conspiring to obstruct justice. The charges stretch back over 15 years during which time he posed as a successful financial adviser to the rich and famous. He admitted showing investors false figures on returns on investments. Last year he stepped-down from the ISP's board and filed for bankruptcy protection.