United States v. Porter

LAY, Circuit Judge.

These appeals stem from convictions on jury verdicts finding five defendants guilty on four counts of securities fraud in violation of 15 U.S.C.A. § 77q(a), one count of use of the mails to offer to sell an unregistered security in violation of 15 U.S.C.A. § 77e(c), and three counts of mail fraud in violation of 18 U.S.C.A. § 1341. The illegal activities on which these counts were based took place in the State of Missouri from December 1964 through January 1966, during which time all petitioners engaged in the *1207public sale of stock in the Presidential Investment Company,…