Henderson v. State

Appellant, Marvin Henderson, was indicted and convicted of violating § 13A-8-3, Code of Alabama 1975, theft of property in the first degree. He was subsequently sentenced to a term of imprisonment of five years and was ordered to pay restitution of $250,000, and $50 in victim's compensation.

The evidence in the instant case reveals that the victim, Leonard Freed, made a loan of $250,000 to the appellant. In return for collateral in the form of a mortgage on appellant's house, petroleum stock, and a partial assignment of appellant's right to $418,000 from the settlement of a suit between…