United States v. Frank Skelly, et al., (S3) 02 Cr. 986 (RMB)
Frank Skelly and Craig Gross, principals of Walsh Manning Securities Inc., were found guilty following a jury trial in the United States District Court for the Southern District of New York in October 2004 of conspiracy to commit securities fraud and wire fraud, as well as substantive counts of securities fraud. The Indictment against them alleged, among other things, a scheme to defraud clients of Walsh Manning, Foster Jeffries Securities Corp. and JB Sutton Group, LLC, by manipulating the prices of securities of Brake Headquarters, Inc., American HealthChoice, Inc., Multimedia Games, Inc., and Jenna Lane, Inc., between approximately March 1996 and October 1997. Defendants Skelly and Gross, as well as G-V Capital Corporation, are currently scheduled to be sentenced at the following times in Courtroom 706 at the United States District Courthouse, 40 Centre Street, New York, New York 10007:
Frank Skelly is scheduled to be sentenced on July 27, 2005 at 9:00 a.m.;
Craig Gross is scheduled to be sentenced on July 28, 2005, at 4:00 p.m.;
G-V Capital Corporation is scheduled to be sentenced on July 28, 2005, at 2:30 p.m.