Ex-Sky Capital Broker Gets 5 Years For $140M Stock Fraud

Law360, New York (May 4, 2012, 2:53 PM EDT) -- Former Sky Capital Capital LLC broker Adam Harrington was sentenced Friday to five years in prison for his role in a scheme that bilked investors of $140 million by bribing other brokers to pump up stock in Sky Capital-related entities.

Harrington, who was convicted in New York federal court in July of four fraud-related counts, was also ordered to forfeit $20 million and serve three years of supervised release. The ruling came one day after Sky Capital founder and fraud mastermind Ross Mandell received a 12-year...
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