Monday, December 23, 2024
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Former CEO and fund supervisor receives 71-month jail time period for orchestrating $11 million scheme to amass prime Italian biking manufacturers

On Tuesday, Samuel J. Mancini, a biking investor and former CEO of Outside Capital Companions, acquired a 71-month jail sentence for securities fraud.

The Colorado man fraudulently raised practically $11 million from buyers to amass prime Italian biking manufacturers, together with Gruppo Srl –the mother or father of Cinelli and Columbus–, De Rosa, De Marchi Attire, and Limar Helmets. Nonetheless, not one of the acquisitions had been accomplished, and buyers say their investments weren’t returned. 


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