Investor Speaks Of Losses In Sky Capital Fraud Trial

Law360, New York (June 27, 2011, 7:15 PM EDT) -- A farmer told a New York federal jury on Monday he was promised “the sky was the limit” when he invested thousands at the behest of brokers at Sky Capital LLC, whose former CEO is on trial for an alleged $140 million fraud.

Mark Halper, a New Jersey flower farmer and mulch maker, testified at the trial of former Sky Capital CEO Ross Mandell that he ended up investing $100,000 in a company called Inc. and about $90,000 in Lisa's Incredible Edibles Inc. after repeated...
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