State v. Ismaili

The opinion of the court was delivered by

Six, J.:

This K.S.A. 17-1253(a) securities fraud case concerns a preliminary examination probable cause determination. The district court, reasoning that the State failed to present sufficient evidence to bind Karim Abdul Ismaili over for trial, dismissed the complaint. The State appeals. The State’s charge against Ismaili arises out of a series of financial transactions involving interests in “gas and coalbed methane” drilling leases. Ismaili allegedly made misrepresentations in securing loans from one party to another party without disclosing his…