Opinion ID: 3171512
Heading Depth: 3
Heading Rank: 2

Heading: Variances in Misrepresentations

Text: Throughout his brief, Bravata argues for reversal because no investor heard all his misrepresentations. For example, the government asked many victims about certificates of deposit at Comerica Bank. A few victims—Guidobono, Vidosics, and Whitfield—testified that Bravata mentioned CDs in his presentations. On appeal, Bravata notes that Boerkoel, Cowell, Doa, Makowski, and Weiss said nothing at trial about CD-backed principal, and we should therefore vacate the convictions relating to those investors. But Bravata lied to Boerkoel, Cowell, Doa, Makowski, and Weiss about other aspects of their BBC Equities investments. That Bravata never lied to them about CDs negates no element of wire fraud. Because Bravata materially misrepresented facts to each investor, we reject all his claims that center on a particular investor not hearing a particular lie. (See, e.g., JB Br. at 29 (“[W]hen Mr. Cowell invested, [Bravata] was NOT being compensated or taking a salary[.]”).) -9- Case Nos. 13-2380, 13-2381, 13-2591, 15-1370, United States v. Bravata