Smith v. State

The plaintiffs in error, defendants in the court below, were indicted on three separate charges: fraudulent salé of securities, T.C.A. sec. 48-1644; conspiracy to violate tile fraudulent advertising law, T.C.A. sec. 39-1910; and conspiracy to violate the registration section of the securities law, T.C.A. sec. 48-1602.

The three cases were consolidated and tried before a jury which found all three defendants guilty of the fraudulent sale of securities. The defendants were also found guilty of conspiracy to violate the fraudulent advertising law. As to the charge of conspiracy to violate the…