State v. Schapiro

Joseph E. Schapiro appeals his conviction of first degree theft and unlawful issuance of checks or drafts. In 1978, Schapiro opened a retail dairy products store in Seattle and decided to establish a franchise for Haagen-Dazs ice cream of St. Louis, Missouri. He estimated that he would need approximately $50,000 for this venture. An attorney friend introduced Schapiro to Michael Rosen, another attorney, who introduced him to Kent Adamson. Adamson agreed to the proposal and invested $50,000 in November 1978. A new business, Island Monarch, Ltd., was established to facilitate the business, and…