Source: https://www.law.cornell.edu/supremecourt/text/312/473
Timestamp: 2019-12-05 22:20:39
Document Index: 503137088

Matched Legal Cases: ['§ 77', '§ 77', '§ 338', '§ 88', '§ 77', '§ 77', '§ 338']

312 U.S. 473 (61 S.Ct. 669, 85 L.Ed. 957)
Argued: Feb. 12, 1941.
The indictment against petitioner, in eleven counts, arose out of an alleged fraudulent scheme for selling interests, created by him as a part of the device, in various oil and gas leases in Oklahoma and Texas. The first three counts charged violations of the fraud provisions of the Securities Act, 15 U.S.C. 77q(a), 15 U.S.C.A. § 77q(a); the fourth and fifth, violations of the registration provisions of that Act, 15 U.S.C. 77e, 15 U.S.C.A. § 77e; counts six to ten, violations of the mail fraud statute, 18 U.S.C. 338, 18 U.S.C.A. § 338; and the eleventh count, a conspiracy to commit the offenses previously set forth.
Other objections. As the case must be remanded, petitioner's objection to the three-year sentence on the conspiracy count is sustained without discussion. Criminal Code, section 37, 18 U.S.C. 88, 18 U.S.C.A. § 88. Frivolous objection is made to the indictment because it is endorsed 'A true bill, Ernest W. Clarke, Foreman' instead of Foreman of the grand jury. This contention is rejected.
15 U.S.C. 77v(c), 15 U.S.C.A. § 77v(c): 'No person shall be excused from attending and testifying or from producing books, papers, contracts, agreements, and other documents before the Commission, or in obedience to the subpena of the Commission or any member thereof or any officer designated by it, or in any cause or proceeding instituted by the Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him, may tend to incriminate him or subject him to a penalty or forfeiture; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, documentary or otherwise, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.'
Section 17(a)(2), Securities Act of 1933, 15 U.S.C. 77q(a)(2), 15 U.S.C.A. § 77q(a)(2).
Criminal Code, section 215, 18 U.S.C. 338, 18 U.S.C.A. § 338.