Charges In $140 Million NY Brokerage Fraud
Litigation Reports
According to Court Watch, six employees of Sky Capital Holdings Ltd turned themselves into the FBI today on charges of $140 million stock manipulation and investment fraud in the United States and Great Britain.
Those in custody include the firm's found and current president and chief executive officer, Ross Mandell. They were charged on a criminal indictment by U.S. prosecutors and a civil case by the U.S. Securities and Exchange Commission.
The charges include a two-count indictment to commit securites, wire and mail fraud with intent of defrauding investors between 1998 and 2006.
They are expected in court later today.
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What Is Meant by ‘No-Fault’ Workers’ Compensation in Illinois?
If you were injured in a work-related accident and have been researching workers’ compensation, you may have seen it described as a “no-fault” system. One of the most important things to understand about the workers’ compensation system in Illinois is that it is based on a “no-fault” system. What does this mean, exactly?
Most employers in Illinois are required by law to have workers’ compensation insurance. And the workers' compensation in Illinois is a “no-fault” system, which means that any worker who has been hurt on the job is entitled to workers' compensation benefits. If you have been hurt on the job, you are entitled to workers’ compensation benefits no matter whose fault the accident was.
A no-fault insurance system, such as workers’ comp, works by paying claims regardless of who is to blame for an accident. This provides an important layer of protection for injured workers, sparing them from having to through additional litigation and the through the additional burden of proving who was at fault before receiving benefits.
In Illinois, even though you don’t have to prove that your injury was your employer’s fault, you do have to prove that your injury happened at work or as a result of work. If you would like help to file your workers' compensation claim, Krol, Bongiorno, & Given’s experienced workers' comp lawyers are here to help. With over 60 years of combined legal experience, the KBG law firm is a leader in the field of workers’ compensation law and we have earned the reputation as aggressive advocates for injured workers before the IWCC.