McGaha v. Mosley

Bell, Judge:

Maude McGaha sued Richard Whiteside and others to recover $8,000 she invested in a corporation called Southeastern Energy Systems, Inc. Her complaint stated causes of action for common law fraud and for violation of the South Carolina Uniform Securities Act (the Act).1 At the close of the evidence, the trial judge directed a verdict for Whiteside on the fraud claim. The jury returned a verdict of $8,000 for McGaha on the statutory claim. Whiteside appeals. We affirm.

Southeastern Energy Systems, Inc. was organized in early 1978 to market the “energymizer,” a device installed on an…