People v. Murphy

Opinion

KERRIGAN, Acting P. J.

Murphy, an attorney, and Benware, an (“Appellants”) were each convicted by a jury 1 of five counts of illegally offering and selling security shares in violation of a stock permit issued by the Commissioner of Corporations, a felony. (Corp. Code, § 25540.)

Appellants applied for probation. Their applications were granted. Murphy was sentenced to nine months in the Orange County jail on the five counts; the sentences were ordered to run concurrently; and the sentences were suspended for three years on condition Murphy pay a fine of $5,000 after the judgment became…