United States Fourth Circuit

Evidence that defendants promised guaranteed returns on investments to new investors when previous investors made no money at all and defendants invested no money at all in the advertised business is sufficient evidence of intent to defraud for mail fraud conviction.

Appellate Information

• Argued 03/02/2001
• Decided 11/27/2001
• Published 11/28/2001

Judges

• Before NIEMEYER, MICHAEL, and KING, Circuit Judges.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Stanley E. Sacks, Sacks & Sacks, Norfolk, Virginia;  Terry Noland Grinnalds, Hampton, VA, for Appellants. Alan Mark Salsbury, Assistant United States Attorney, Norfolk, VA, for Appellee. ON BRIEF:  Helen F. Fahey, United States Attorney, Norfolk, VA, for Appellee.