Sky Capital brokers, executives charged in fraud

Six former executives and brokers for the now-defunct Sky Capital, a -based investment bank and brokerage, were arrested Wednesday in connection with a $140-million stock manipulation scheme that federal authorities said lined their pockets while trapping clients by restricting stock sales. From 2001 to November 2006, when the London Stock Exchange delisted Sky Capital, its chief executive, former Long Islander Ross Mandell, masterminded a scheme that featured lies, lavish lifestyles, bribes and bullying, said attorney’s office, the and the Securities and Exchange Commission, which filed a civil suit asking for fines and repayment. “This firm and these brokers went to great lengths to…

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