Thursday, July 9, 2009

Sky Captial Charged for Fraud

According to the New York Times, Sky Capital employees were charged after involving themselves in a $140 million in a fraud scheme taking place between the US and Britain. Other charges included securities, wire and mail fraud. There was $61 million raised from investors between 2002 and 2006. Charges were filed against founder and chief executive Ross Mandell and five others. Read the full story here.

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