The former chief operating officer of Sky Capital LLC, the brokerage firm raided eight years ago by federal agents probing a $140 million securities-fraud scheme, was sentenced Nov. 13 to 30 months in prison (United States v. Mandell).
Defendant Stephen Shea, who pleaded guilty in 2011 and offered to cooperate with prosecutors, asked Judge Paul Crotty of the U.S. District Court for the Southern District of New York for five years of probation 32 Securities Law Daily, 2/16/11, 43 SRLR 375, 2/21/11
“I recognize Mr. Shea is not going to commit this crime again, but others may be tempted and they need to ...
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