United States v. Galanis

RONNIE ABRAMS, United States District Judge

INTRODUCTION

Following a six-week jury trial, defendants John Galanis, Bevan Cooney, and Devon Archer were convicted of securities fraud and conspiracy to commit securities fraud. Now before the Court are the defendants' motions for judgment of acquittal and a new trial pursuant to Rules 29 and 33 of the Federal Rules of Criminal Procedure.1 After careful consideration and a thorough review of the record, the Court grants Archer's Rule 33 motion, but denies the others.

BACKGROUND

It is undisputed that a massive fraud was perpetrated by Jason Galanis,…