They left the government to become white-collar defense attorneys defending guys like Harrington and Mandell.
It was clear that Passaro and Mandell were close at one time in their lives.
FORBES: Sky Capital Trial - Clients Took To Recording Brokers
Mandell avoids another trap by creating a bedtime vibe, rather than a late-night one.
The parties have reached a tentative settlement, which Mandell's attorney says involves no payment from Mandell.
There were also no complaints filed against Sky Capital or Mandell from the London Stock Exchange.
Mandell's past record was testament to how troubled brokers could stay in the industry.
Mandell was arrested on July 8, 2009 and has proclaimed his innocence ever since.
FORBES: Forget The Galleon Group Trial(s) -- Sky Capital Will Be The Trial of 2011
With talk of tax code changes bubbling in Washington, Gerald Mandell, 67, is in tax-planning limbo.
Mandell Thomas had 12 points, including two 3-pointers in the final minute, for the Rams.
Along with Mandell, Adam Harrington, also of Sky Capital, was convicted by the same jury.
FORBES: Ross Mandell Has Still Not Reported to Prison, but Hardly Free
Mandell ran a tough ship at Sky Capital for brokers who did not perform, according to Passaro.
FORBES: Sky Capital Trial - Clients Took To Recording Brokers
There are NO current civil litigation complaints outstanding against Mandell related to his work at Sky Capital.
Mandell, while denying the problems, blamed his troubles on a cocaine addiction from which he was recovered.
In 2002 and 2003 Mandell formed Sky Capital Enterprises and then took it public in March 2004.
What I did not know, then or now, was how Mandell stayed employed in the securities business.
Second act or not Mandell sure kept odd company at Sky, and the entire thing smelled bad.
Ross Mandell and Adam Harrington are on trial for crimes related to securities fraud while employed at Sky.
It was awkward to watch and Mandell could be seen shaking his head as the testimony went on.
FORBES: Sky Capital Trial - Clients Took To Recording Brokers
Mandell and Harrington face decades in prison if they are found guilty on charges related to securities fraud.
It was an admission of their own crime, but hardly proof of a crime by Mandell and Harrington.
In March 1996 the Wall Street Journal ran a front-page story about an itinerant stockbroker named Ross Mandell.
You see, Mandell claimed his past misdeeds were the result of his prior history as a drug abuser.
Eleni Mandell pulls it off in "Moonglow, Lamp Low, " the opening track to her new album, Miracle of Five.
From 1983 through this year Mandell has worked at 14 brokerages and owned or partially owned 2 of them.
Mandell started Sky Capital Holdings in 2001, taking it public on the London Alternative Investment Market in July 2002.
He claimed to have talked with Ross Mandell about the type of mulch Mandell should use on his yard.
FORBES: Sky Capital Investors Get Their Day In Court -- Individual Investors Take Note
Mandell could go to federal prison for up to 25 years if convicted.
FORBES: Forget The Galleon Group Trial(s) -- Sky Capital Will Be The Trial of 2011
Mandell expects between 50 and 100 general counsels to attend the invitation-only forum.
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Mandell is still wearing a monitoring ankle bracelet as well as a GPS transponder that tracks his every move.
FORBES: Ross Mandell Has Still Not Reported to Prison, but Hardly Free
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