Schneider v. State

OPINION

DOUGLAS, Judge.

Schneider was convicted of violating the Texas Securities Act by selling an unregistered security. 1 The jury assessed punishment at seven years and a fine of $5,000.

The complainant, William Harrell, testified that, during the early part of August, 1969, he had met with appellant and O. W. Ferguson at the home of a friend in Richardson, to discuss investing in a Peruvian sulphur mining venture.

At that meeting Ferguson discussed the venture in Schneider’s presence, and Schneider showed the complainant what he claimed were samples of ore taken from the company’s property…