Legal Opinion
Anthony J. Bosco v. Robert B. Serhant
Court of Appeals for the Seventh Circuit
Decided January 8, 1988No. 86-2918, 86-2926, 86-2936, 86-2937, 86-3006, 86-3008, 86-3064PublishedCited by 82 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This unwieldy commodities-fraud case, rich in parties and issues, comes to us after a five-week trial that produced a record of several thousand pages. However, the essential facts are simple (and we shall make them even simpler, to the extent this can be done without distorting our analysis), and many of the issues require little or even no discussion.
At the heart of the fraud was Robert Serhant, who between 1980 and 1982 offered investors a "Hedge-Spread Program” that he said would work as follows. For every $100,000 invested, Serhant would use $97,000 to buy a 90-day…
2Cases cited35 opinions
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- Trans World Airlines, Inc. v. ThurstonSupreme Court of the United States · 1985
- Merrill Lynch, Pierce, Fenner & Smith, Inc. v. CurranSupreme Court of the United States · 1982
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3Cited by82 opinions
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- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Louis Buddy Yosha v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1988
- Rashad Swanigan v. City of ChicagoCourt of Appeals for the Seventh Circuit · 2018
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