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UNITED STATES v. REED

Nos. 224, 227 and 228, Dockets 80-1236, 80-1240 and 80-1264.

639 F.2d 896 (1981)

UNITED STATES of America, Appellee, v. Russell REED, James S. Doyle, and Thomas Francis Ryan, Appellants.

United States Court of Appeals, Second Circuit.

Decided January 27, 1981.

As Amended April 10, 1981.

Attorney(s) appearing for the Case

John H. Gross, New York City (Randy Paar, Anderson Russell Kill & Olick, P. C., New York City, on the brief), for appellant Reed.

Robert Rosenthal, Mineola, N. Y., for appellant Doyle.

Frank W. Zito, Malverne, N. Y. (Henry J. Kruman, Maffucci, Kruman & Zito, Malverne, N. Y., on the brief), for appellant Ryan.

Carol B. Amon, Asst. U. S. Atty., Brooklyn, N. Y. (Edward R. Korman, U. S. Atty., for the E. D. N. Y., Vivian Shevitz, Asst. U. S. Atty., Brooklyn, N. Y., on the brief), for appellee.

Before LUMBARD, OAKES and NEWMAN, Circuit Judges.

OAKES, Circuit Judge:

Appellants were convicted after a jury trial in the United States District Court for the Eastern District of New York, George C. Pratt, Judge, on one count of securities fraud, three counts of mail fraud, and one count of conspiracy to commit securities and mail fraud. The case arises out of a scheme whereby appellant Reed was able to engage in more than $2 million worth of highly speculative trading through the brokerage house of Shearson Hayden...

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