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SANTA BARBARA, Calif. — A co-founder of the giant Internet service provider EarthLink could face claims of up to $600 million for alleged fraud that duped Internet moguls, socialites, venture capitalists and Hollywood producers.
Ninety investors met on Thursday with attorneys for Reed E. Slatkin, who resigned from the company’s board last month and filed for Chapter 11 bankruptcy protection last week.
“I thought he was a hero because he made all his money without hurting anyone, but he made his money by hurting everyone,” said investor Patrick Siefe, a Santa Barbara computer consultant.
Bankruptcy
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