Ex-Sky Capital CEO Tries To Discredit Fraud Trial Witness

Law360, New York (July 6, 2011, 3:31 PM EDT) -- A lawyer for former Sky Capital LLC CEO Ross Mandell on Wednesday sought to discredit a key government witness in a New York trial over an alleged $140 million investment fraud, accusing him of bribery.

Former Sky Capital broker Philip Akel, who helped gather evidence for the case against Mandell and associate Adam Harrington, told the former CEO's lawyer in federal court that he gave money to a friend for customer leads.

“You were paying him a bribe in cash?” asked Mandell's attorney, Jeffrey C. Hoffman...
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