US Answers Mandell Dismissal Bid With New Charges

Law360, New York (December 16, 2010, 5:52 PM EST) -- The U.S. government has added counts of mail and wire fraud to its $140 million investment fraud case against Ross Mandell following the Sky Capital LLC founder's bid to toss the case in light of the U.S. Supreme Court's bar on so-called foreign-cubed securities cases.

In a superseding indictment filed Tuesday in the U.S. District Court for the Southern District of New York, federal prosecutors said Mandell and partners funneled investors' money into New York bank accounts and used the U.S. Postal Service to send fraudulent...
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