Floyd v. State

OPINION

CORNELIUS, Chief Justice.

This is a securities fraud case. Randal Floyd was charged with violating the Texas Securities Act. 1

The indictment alleged that Floyd defrauded Jack Isaminger by selling him a partnership interest in an oil and gas lease while intentionally failing to disclose to Isaminger that funds previously invested in the partnership for acquiring and reworking a well in St. Martin Parish, Louisiana were used for purposes other than those for which they were invested.

Floyd entered a nolo contendere plea before the court. The court found sufficient evidence to find him…