Cycling investment group director Samuel Mancini pleads guilty to securities fraud

April 7, 2022

Samuel Mancini, the director of a Denver-based fund that planned to invest in several well-known cycling brands, has pleaded guilty to one count of securities fraud.

Mancini, arrested last July, could be sentenced to up to 20 years in prison and hit with a $5 million fine for the one count. Sentencing is scheduled for Aug. 17. Bicycle Retailer