Martin v. State

Appellant entered pleas of no contest to three indictments accusing her of fraud in the sale of securities. Tex.Rev.Civ.Stat. Ann. art. 581-29 (Supp.1991). The district court assessed punishment in each cause at imprisonment for ten years and a $3000 fine, but imposition of sentence was suspended and appellant was placed on probation.

Appellant was vice president and office manager of Gaelic Petroleum, Inc., a Corpus Christi company ostensibly engaged in the oil and gas business. During 1984 and 1985, Gaelic sold program agreements by which individual investors purchased interests in Gaelic’s…