CHOY, Circuit Judge.
This case revolves around Navsat Systems, Inc. ("Navsat"), a company conceived in 1966 to develop a system for using satellites to navigate ships at sea, and International Resources, Inc. ("IR"), Navsat's parent company. The Government contended that Johnson, a central figure in the management of Navsat and IR, used those companies in a scheme to defraud several investors of funds aggregating approximately $3.75 million. Johnson, along with Spencer...
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