Scientology's Reed Slatkin


Van Susteren and husband invested in Scientology member's scheme

CNN legal commentator Greta Van Susteren and her husband, tobacco litigator John Coale, were among more than 500 clients who invested money with a Church of Scientology member who is now under federal criminal investigation.

Unregistered investment adviser Reed Slatkin of Santa Barbara, Calif., has told Securities and Exchange Commission investigators that he met many of his clients through Scientology. Van Susteren and Coale, who live in Washington but have a second home in Clearwater, are prominent members of the church.

Slatkin's assets have been frozen and his offices searched as federal authorities try to build a case that he was conducting a Ponzi scheme, using money from new investors to pay off old investors.

In April, three investors sued Slatkin, claiming he had failed to return $34-million of their funds.

"We were lucky," Coale told the Wall Street Journal last week. He and Van Susteren got their initial investment back "and then some," Coale said.


Washington Journal

St. Petersburg Times,
published June 3, 2001


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