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USA v. Mandell et al

  1. July 14, 2011

    Ex-Pepsi Exec Supports Sky Capital At Trial

    A former PepsiCo Inc. and Mars Inc. executive testified Thursday in New York that there was nothing unusual about the way Sky Capital LLC raised capital, contradicting prosecutors' version of events in the high-profile securities fraud trial.

  2. July 13, 2011

    Ex-Sky Capital CEO Charged Perks To Firm, US Says

    Prosecutors in the New York federal trial of Sky Capital LLC founder Ross Mandell showed evidence Wednesday that the alleged investment fraudster lived lavishly on his company's dime, letting his business pick up the tab for a Mercedes Benz, corporate jet flights and $1.5 million in hotel and strip club bills.

  3. July 11, 2011

    Ex-Sky Capital Broker Testifies On Strip Clubs, Bonuses

    A former broker for Sky Capital LLC testified Monday in a New York federal trial over an alleged $140 million investment fraud that he received perks for pushing company stock, including undisclosed bonuses and outings to strip clubs and a London brothel.

  4. July 06, 2011

    Ex-Sky Capital CEO Tries To Discredit Fraud Trial Witness

    A lawyer for former Sky Capital LLC CEO Ross Mandell on Wednesday sought to discredit a key government witness in a New York trial over an alleged $140 million investment fraud, accusing him of bribery.

  5. July 05, 2011

    Ex-Sky Capital CEO Urged Hard Sell On Secret Tapes

    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.

  6. July 01, 2011

    Ex-Board Member Says Sky Capital Was 'Complete Mess'

    A former board member of failed Sky Capital Holdings Ltd. testified Friday in the New York securities fraud trial against the company's founder that the company was running up expenses on hotels, limousines and strip clubs even as it was collapsing.

  7. June 28, 2011

    Ex-Sky Broker Testifies To Boiler Room Sales Tactics

    A former Sky Capital LLC broker told jurors Tuesday in a New York trial over an alleged $140 million fraud scheme that he was tasked with cold-calling potential investors, using high-pressure tactics and giving misleading information.

  8. June 27, 2011

    Investor Speaks Of Losses In Sky Capital Fraud Trial

    A farmer told a New York federal jury on Monday he was promised "the sky was the limit" when he invested thousands at the behest of brokers at Sky Capital LLC, whose former CEO is on trial for an alleged $140 million fraud.

  9. June 21, 2011

    Ex-Sky Capital CEO Portrayed As Dreamer, Schemer

    Prosecutors and defense lawyers offered competing portraits of Sky Capital LLC's former CEO during opening statements Tuesday in a New York trial over an alleged $140 million investment fraud: a lying, cheating schemer versus an ambitious broker with a dream.

  10. June 16, 2011

    Ex-SkyCapital CEO Makes Last-Ditch Bid To Duck Charges

    Former Sky Capital LLC chief executive Ross H. Mandell asked a New York federal judge Wednesday to toss an indictment against him, alleging that his right to a speedy trial over a purported $140 million investment scheme fraud was denied.