United States v. Wright

MEMORANDUM OPINION

SCHATZ, District Judge.

The issue presented by defendant Ervin Everett Wright’s motion to dismiss the in*1263dictment for failure to state a crime (Filing No. 7) is whether a quit claim deed is a “certificate of interest in property, tangible or intangible,” within the definition of “security” contained in 18 U.S.C. § 2311.

All parties agree that there are no reported decisions construing the statute either to include or exclude quit claim deeds. We are thus confronted with the task of determining whether the statute is intended to include quit claim deeds within its scope. In so…