Legal Opinion
State v. Philips
Washington Supreme Court
Decided September 4, 2009No. 53210-9, 53333-4, 53336-9PublishedCited by 25 opinions
1Opinion of the CourtDore, J.
Petitioners were convicted of several counts of securities fraud — RCW 21.20.010. They argue that the promissory notes that they marketed to investors were not securities; that their cases should have been severed; and that their individual convictions were not supported by substantial evidence. We affirm.
Facts
Sea-Tac Mortgage, Inc. was founded in August 1981, with a principal business of brokering institutional and private loans. The brokerage of private loans involved matching borrowers who applied for loans with investors who funded those loans. The loans were typically high risks and the…
2Cases cited30 opinions
- Cuyler v. SullivanSupreme Court of the United States · 1980
- Holloway v. ArkansasSupreme Court of the United States · 1978
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 93,748 Securities and Exchange Commission v. Glenn W. Turner Enterprises, Inc.Court of Appeals for the Ninth Circuit · 1973
25 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- State v. HoffmanWashington Supreme Court · 1991
- State v. RienhardtArizona Supreme Court · 1997
- State v. BythrowWashington Supreme Court · 1990
- State v. SaasWashington Supreme Court · 1991
- Reeves v. TeuscherCourt of Appeals for the Ninth Circuit · 1989
20 more not listed; retrieve them via the Exa API.