Here’s the press release detailing the SEC boiler room charges against Sky Capital CEO Ross Mandell, COO Stephen Shea and four registered reps: Read the rest of this entry »

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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 »

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Cartoon: Ruth Madoff subway spoof

Posted by WSF On June - 26 - 2009

The indignity!  Even when she goes underground, she can’t escape the prying lenses of the press: Ruth Madoff is photographed by the NY Post using a mode of transportation that she probably hasn’t taken in a forever: the SUBWAY! And the irony is that she’s captured sitting beneath a 99¢ sign.  Too funny. Read the rest of this entry »

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Bernie Madoff’s June 29 day of reckoning is fast approaching where the Ponzi scammer will be sentenced.  And 113 of his victims have written to the judge to tell him just how their lives have been shattered…. Read the rest of this entry »

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