Margetts v. State

OPINION

Appellant James M. Margetts (Margetts) was a coin dealer who bought 100 gold krugerrands for $43,200 from another dealer, Leon Hendrickson (Hendrickson), at a coin show. Both Margetts and Hendrickson understood that Margetts was to pay Hendrickson for the coins at the end of the week long show. During the week, Margetts sold the coins and lost all the proceeds in casino gambling. At the end of the show, he tendered a *618bad check to Hendrickson. When Margetts failed to repay the debt, he was charged with one count of swindling and one count of obtaining money by false pretences. The jury…