Ex-Sky Capital CEO Urged Hard Sell On Secret Tapes

Law360, New York (July 5, 2011, 5:10 PM EDT) -- The former CEO of brokerage Sky Capital LLC could be heard telling employees to hard-sell stock to investors as the company was failing during secretly recorded conversations played to jurors on Tuesday in a New York trial over an alleged $140 million fraud.

Prosecutors played tapes of the discussions in Manhattan federal court during the testimony of former Sky Capital broker Philip Akel, a cooperating witness who made the tapes of defendants Ross Mandell and Adam Harrington at the behest of the FBI.

“There will be...
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Case Information

Case Title

Related  Case: 


Case Number

1:09-cr-00662

Court

New York Southern

Nature of Suit

Date Filed

June 30, 2009

Government Agencies

UK Financial Services

UK Financial Services

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