People v. Kraemer

Opinion by

Judge DAVIDSON.

Defendant, William Lewis Kraemer, appeals the judgment of conviction entered on a jury verdict finding him guilty of fraudulent and prohibited practices in connection with the sale of securities (securities fraud). We affirm.

The indictment against defendant arose from his employment as legal counsel for First Territorial Mortgage. That company solicited investors, to whom it allegedly falsely represented both that every investment was protected by a first deed of trust *1373or mortgage and that many of the investments were guaranteed by the Mortgage Guaranty Insurance…