California Court of Appeal

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People v. Cole, D047095

Convictions and sentences for various felony offenses involving the sale of securities, including highly speculative ones, to more than a dozen elderly investors who lost an aggregate of more than $1 million, are reversed in part where: 1) there was insufficient evidence to support three convictions of selling securities by means of making false statements; 2) 19 convictions of selling a security without a broker-dealer's license must be reversed because of instructional error.

Appellate Information

  • Decided 10/26/2007
  • Published 10/26/2007


  • HALLER, J.


  • California Court of Appeal


  • For Appellees:
  • Arthur Martin for Defendant and Appellant Kevin Cole., Patricia Ann Scott, San Diego, for Defendant and Appellant Frank Robles., Edmund G. Brown, Jr., Attorney General, Dane R. Gillette and Gary W. Schons, Assistant Attorneys General, Rhonda Cartwright-Ladendorf and Annie Featherman Fraser, Deputy Attorneys General, for Plaintiff and Respondent.
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