Charges In $140 Million NY Brokerage Fraud
Litigation Reports
According to Court Watch, six employees of Sky Capital Holdings Ltd turned themselves into the FBI today on charges of $140 million stock manipulation and investment fraud in the United States and Great Britain.
Those in custody include the firm's found and current president and chief executive officer, Ross Mandell. They were charged on a criminal indictment by U.S. prosecutors and a civil case by the U.S. Securities and Exchange Commission.
The charges include a two-count indictment to commit securites, wire and mail fraud with intent of defrauding investors between 1998 and 2006.
They are expected in court later today.
Related listings
-
IRS Procedures that May Save you Money
Litigation Reports 02/03/2009Many companies are experiencing a downturn in business because of the deepening economic crisis. Corporations suffering in today’s difficult business environment may have an immediate need for funds for various purposes, including continued operation...
-
Turkey Stole Insurance Money From Genocide Victims
Litigation Reports 09/17/2008After killing an estimated 1.5 million Armenians during World War I, the government of Turkey had the nerve to demand the benefits from its victims' insurance policies, the victims' descendants say in a class action against four British insurance com...
-
Receiver Says Moviemaker Defrauded Bayou Hedge Fund
Litigation Reports 09/16/2008Kroll Inc., the court-appointed receiver for the defunct Bayou Hedge Fund, sued movie producer Steven Brown, claiming he used more than $3 million that should have gone to repay Bayou's investment in a new movie. Kroll also sued the attorney who help...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.