A former brokerage firm Chief Executive Officer Ross Mandell was sentenced to 12 years in prison May 3 in the U.S. District Court for the Southern District of New York, 10 months after being convicted of leading a scheme to defraud investors through two firms he controlled (United States v. Mandell).
A co-conspirator, Adam Harrington, who was convicted alongside Mandell, was sentenced the next day to five years in prison, according to a spokeswoman for U.S. Attorney Preet Bharara.
According to the government, Mandell, Harrington, and several co-conspirators made material misrepresentations and omissions between 1998 and 2006, and ...
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