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UNITED STATES v. SLOCUM

No. 248, Docket 82-1161.

695 F.2d 650 (1982)

UNITED STATES of America, Appellee, v. Robert W. SLOCUM, Defendant-Appellant.

United States Court of Appeals, Second Circuit.

Decided December 10, 1982.

Certiorari Denied February 28, 1983.

Attorney(s) appearing for the Case

Frederick H. Block, New York City, for defendant-appellant.

Samuel S. Linderman, Asst. U.S. Atty., New York City (John S. Martin, Jr., U.S. Atty. for the S.D. of N.Y., Walter P. Loughlin, Asst. U.S. Atty., New York City, on the brief), for appellee.

Before KEARSE, CARDAMONE and WINTER, Circuit Judges.

Certiorari Denied February 28, 1983. See 103 S.Ct. 1260.

CARDAMONE, Circuit Judge:

It is often stated that if something is too good to be true, it probably isn't. Sadly, several hundred investors learned this lesson the hard way in the case before us. Operating on a well-known premise so tellingly phrased by P.T. Barnum, appellant conceived an elaborate Ponzi-like scheme and offered it to the public as a sure route to get rich quickly. Lured by promised profits...

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