People v. Baumgart

Opinion

LILLIE, P. J.

A jury found defendant Roy Baumgart guilty of six felony counts of the sale to six victims of securities without a permit (counts 19, 28, 31, 36, 56, and 58; Corp. Code, §§ 25110 and 25540) and guilty on count 59 of the felony of using false statements in the sale of securities (Corp. Code, §§ 25401 and 25540). The jury acquitted defendant on six counts of grand theft (Pen. Code, §487, subd. I). 1

Proceedings were suspended and defendant was placed on five years’ formal probation on certain terms and conditions one of which was that defendant pay restitution of $106,500. He…