Sky Capital’s Parent Opens Probe After FBI Visit

Law360, New York (November 8, 2006, 12:00 AM EST) -- Two days after the U.S. Federal Bureau of Investigation raided the Manhattan offices of Sky Capital LLC, the board of its parent company has decided to launch its own investigation in the brokerage’s practices.

On Thursday, a Sky Capital Holdings board member indicated that the company is currently pursuing its own probe of Sky Capital amid growing rumors of impropriety, Dow Jones reported.

"Obviously we have a lot of work to do," said Larry Pressler, a board member and former U.S. senator for South Dakota, in...
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