MOORMAN, Circuit Judge.
Appellants were engaged in buying and selling stocks on their own account while acting as managing officers of the First National Bank of Blissfield, Mich., a member bank of the Federal Reserve Banking System. They used the funds of the bank to finance their speculations and were charged with and convicted of a conspiracy to misapply its credits and funds and to conceal the misapplications from the board of directors and from the Comptroller...
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