Rakow - former Grateful Dead manager, convicted fraud artist and Scientologist;
according to the December report from the trustee investigating Reed's bankruptcy,
Rakow had signing authority over Reed's accounts, directed many of his investments,
and was closely involved with several of the companies in which Reed poured his
cash and investment hopes.
Mancuso - one of Rakow's co-conspirators in the Culture
Farms scam that led to both men's (brief but memorable) incarceration in federal
prison, Mancuso was both a Slatkin investor and the recipient of Slatkin "friends"
fund largesse. He also helped Slatkin dodge discovery of the truth about his "Swiss
bank acccount" at the non-existent NAA by setting up a fake phone number
to "Switzerland" that looped back to Santa Barbara, according to the
latest trustee report.
Kreiner and Stina Hans - two longtime Scientologists, Joel and Stina Hans
were the top 'net debtor' winners of the Slatkin payout lottery, collecting nearly
$6 million more than they paid into the "friends" fund. Kreiner, a former
Church of Scientology attorney, was also involved with Slatkin in a handful of
real estate deals in the Los Angeles area, as discussed on the Slatkin partnership
Simons - Well known as a businessman and bon vivant throughout the Los
Angeles-area Scientologist community, Simons has -- or had -- a penchant for holding
parties on his luxurious yacht. "Dynamo" Don Simons is also the CEO
of Telsoft Solutions, formerly known as Stryker Technologies, a company in which
Reed holds majority ( 70%) ownership, according to the trustee's report.
Rackemann - a drag-racing LA-area businesman with a string of failed --
and failing -- companies under his belt, non-Scientologist Don Rackemann was nonetheless
involved in a number of companies that benefited from Reed's knack for bad investments,
including PriceNET, IncomNet and Golf Star.
Jacobs (Dr.) - the nebulous Dr. Jacobs, along with his wife, Myrna, are
both ardent Scientologists who keep turning up in the background of companies
in which Reed invested. Although his own site has mysteriously
vanished since the Slatkin scandal broke, Dr. Jacobs is still listed as a
"consultant" for several other companies with which Reed had financial
Films (Armyan Bernstein, Kevin O'Donnell et al) - After their mutual success
backing Earthlink in its early days, Slatkin continued to follow his longtime
friend -- and fellow Scientologist - Kevin O'Donnell's lead on investments, most
noteably this film company. Despite spotty success with films such as Thirteen
Days (produced by Beacon co-owner -- and also a Scientologist -- Armyan Bernstein),
according to the bankruptcy trustee, Beacon apparently required considerable,
and continuous, cash injections - much of which came courtesy of the seemingly
bottomless Slatkin Investment Fund pit.
This list, of course, does not represent all the "Friends
of Reed Slatkin" who made money - For the complete list,
click here to go to the Net
Gainer Page, which profiles the top 75 net gainers, as revealed
in the trustee's report.
It also does not come close to representing the myriad of investments, partnerships
and other business ventures in which wound up the bulk of the half a billion dollars
that flowed through Slatkin's fingers during his ten years as a self-appointed
For more information on Slatkin's business dealings, visit the Investments
pages, and for more information on the hundreds of less fortunate "investor
friends" who are now wondering just where their money went, visit Investor