Fisher Capital Management Korea : Sky Capital’s Mandell Convicted in $140 Million Fraud Case

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BY CHAD BRAY

NEW YORK—The founder of Sky Capital Holdings Ltd., known to some in the markets as Wall Street’s “bad boy,” was convicted Tuesday of running a fraud that allegedly topped $140 million.

Ross Mandell, the founder of the now-defunct investment-management company, and his associates were accused by federal prosecutors of using high-pressure sales tactics to induce people to invest in purported private placements, restricted stock sales and offers of …