United States v. Weed

HOWARD, Chief Judgé.

Richard Weed, a securities lawyer, wrote false opinion letters so that his two co-conspirators could sell stock to the public in a “pump and dump” scheme. 1 In connection tyith this conduct, he was convicted of securities fraud, wire fraud, and conspiracy to commit both. Following the jury’s guilty verdict, Weed moved for a judgment of acquittal. He argued that the evidence was insufficient to support his convictions, relying on a novel interpretation of a particular Securities Act provision.- The district court denied Weed’s motion. After careful consideration, we affirm.

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