Call Now For a Free Consultation:
(614) 502-6165

"Bad Boy of Wall Street" Accused of $140 Million Investment Fraud

Ross Mandell, although he strongly denies it, has been accused of an investment scam that took $140 million from investors. Mandell is the former CEO of Sky Capital, and self-proclaims that he is "one of the bad boys of Wall Street." The charges revolve around accusations that he directed his brokers to pressure investors into buying shares of certain companies and also to buy shares without the investors' consent. Reportedly, Mandell convinced his brokers to comply through incentives, such as visits to prostitutes and trips to strip clubs. Mandell then used some of the investors' cash to fund his own lavish lifestyle.Mandell has denied these accusations through his website, videos posted to the popular video site YouTube, and other media outlets. He is also actively promoting a reality television show based on his predicament. In the pitch for the show, Mandell describes his plans for a "perfect life;" however, he says "I've just got one small problem. I've been indicted by the US government for conspiracy and securities fraud." Mandell's attorney attempted to have the information regarding the adult entertainment incentives thrown out, believing it could bias the jury. Judge Paul Crotty denied the attempt, saying whether it was prostitution or otherwise, "whatever it is, I'm going to allow." At the law firm of David P. Meyer & Associates, we are experienced FINRA lawyers who represent victims of investment fraud nationwide in mediation, arbitration, and litigation claims. Contact us today to schedule a FREE consultation.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram