Leverenz v. State

Smith, Judge.

The defendant was convicted of violating the Georgia Securities Act of 1957. The relevant provisions of this Act make it unlawful to employ any device, scheme or artifice to defraud in connection with the sale of securities. The defendant appeals the judgment of conviction and sentence.

The defendant was the executive vice-president of Production 70’s, Inc., a Georgia corporation; John Cater, a co-indictee, was the secretary. The corporation issued a block of stock which sold for 25 cents per share. One hundred forty thousand shares of this issue were purchased by a William Tant,…