Two and a half years after the FBI paid Sky Capital’s offices a visit , six connected to the firm have been arrested in what Bloomberg describes as a 10 year $100 million fraud. It’s not clear whether the first visit was related to the current charges.
Details so far are sketchy. We wonder if the SEC was also involved, or if this is another case where they slept as another agency did their work.
Update: Looks like the SEC was involved and that it was connected to the FBI raid in 2006: Read the rest of this entry »
Tags: arrests, FBI, fraud, SEC, Sky Capital
