Opinion ID: 369162
Heading Depth: 1
Heading Rank: 2

Heading: issues

Text: 8 18 U.S.C. § 2315 contains four elements: (1) the securities were stolen; (2) their aggregate value exceeded $5,000; (3) the defendant knew they were stolen; (4) they were moving as . . . a part of, or . . . constitute(d) interstate or foreign commerce at the time of the sale. In this case, the first three elements were established by direct evidence. As to the fourth, the Government relied on an inference based upon the facts of the case to show that the sale from Cyphers to the agent was in the chain of interstate distribution. Thus, the sole issue presented for consideration is whether the interval of about 20 months between the date of the theft and the date of the sale precluded the trier of fact from finding that the bonds were still in the stream of interstate commerce.