Sky Capital Founder Looks To Overturn Fraud Conviction

Law360, New York (August 29, 2011, 4:32 PM EDT) -- Sky Capital LLC founder Ross Mandell, convicted in July for running a $140 million scheme to swindle investors, asked a New York federal judge Friday for acquittal, arguing the government's case lacked verifiable evidence and was largely based on speculation.

Investors who became victims of the alleged scheme testified that they understood the risks of investing with Sky, undermining prosecutors' arguments, according to the defense's memorandum in support of acquittal.

One prosecutor's off-hand comment to the jury about what “kind of person” would be wary of...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Related  Case: 


Case Number

1:09-cr-00662

Court

New York Southern

Nature of Suit

Date Filed

June 30, 2009

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.