People v. Blair

This is an appeal of defendant’s convictions of 17 counts of securities fraud. Sixteen of the counts were for violation of subsection (b) of section 11-51-123, C.R.S. 1973, while one count was for violation of subsection (c). Section 11-51-123 provides:

“Fraudulent and other prohibited practices. (1) It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly:

“(a) To employ any device, scheme, or artifice to defraud;

“(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the…