People v. Posner

Crane, Ch. J.

The defendant has been convicted of a violation of section 390 of the Penal Law. The indictment charged the defendant Harry Posner, as manager of H. G. Woods & Co., Inc., of having made a contract with one Rowan to purchase for her ten shares of Standard Brands stock at $20 per share, totaling $200, and accepting $100 in part payment, intending that such contract was to be terminated, closed and settled on the basis of market quotations, without intending a bona fide purchase and sale of the same.

Another count, alleging the same facts, charged him with keeping, conducting and…