UNITED STATES of America, Appellee, v. M. Perry GRANT and Service Securities, Inc., Appellants

TIMBERS, Circuit Judge:

Appellants M. Perry Grant and Service Securities, Inc. (“Service”), of which Grant is the 50% owner and president, were convicted after a nine day jury trial in the District Court for the Southern District of New York, Lloyd F. MacMahon, District Judge, of conspiring to violate and of violating the antifraud provisions of the federal securities laws, 15 U.S.C. §§ 77q(a), 77x, 78j(b) and 78ff (1970), and the mail fraud statute, 18 U.S.C. § 1341 (1970). On the five counts upon which they were convicted, the trial judge sentenced Grant to concurrent terms of imprisonment…