Fed. Sec. L. Rep. P 96,069 United States of America v. Howard Smolar, Edward Vanasco, and Sumner H. Woodrow

COFFIN, Chief Judge.

Appellants were charged, with two other individuals and two corporate entities, under a twenty count indictment alleging conspiracy and substantive violations of the federal securities laws. 1 On motions at the close of the government’s evidence and at the close of all the evidence, the court entered judgment of acquittal on many of the substantive counts. Of the counts that went to the jury, appellant Smolar was convicted on all six counts; appellant Vanasco was convicted on five counts and acquitted on one; and appellant Woodrow was convicted on two counts. Appellants…