United States v. Pedro M. Martinez

RONEY, Circuit Judge:

We affirm the convictions of all three defendants for conspiracy and possessing securities stolen from the mails. 18 U.S.C. §§ 371, 1708, and 2.

$500,000 worth of Chesapeake and Potomac Telephone Company bonds were shipped by registered mail from Bankers Trust Company of New York to First National Bank of Boston. They never arrived. Eleven months later the same debentures were delivered to Jefferson National Bank of Miami Beach in connection with a purchase for which Jefferson was to act as escrow agent. A check on the validity of the securities resulted in the F.B.I. and…