State v. Ogden

The defendant was convicted in Hennepin county of the crime of selling investment contracts without a license. He appeals from the judgment.

The instrument claimed to be an investment contract is styled “statement and purchase.” It recites that the defendant subdivided a leasehold of an 80-acre tract of land in Big Horn county, Wyoming, into 4,800 equal, undivided units or fractional interests and is offering 3,000 for sale at $120,000; and that each purchaser purchased separately the number of units set opposite his name. This instrument was signed and acknowledged by the defendant. Following…