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MOSLER v. S/P ENTERPRISES, INC.

No. 88-3458.

888 F.2d 1138 (1989)

Warren MOSLER, Plaintiff-Appellee, v. S/P ENTERPRISES, INC., Peter B. Carey, and Roger Pfohl, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided October 30, 1989.

Rehearing and Rehearing Denied December 7, 1989.

Attorney(s) appearing for the Case

David K. Schmitt, Lee A. Watson, Laurence H. Lenz, Jr., Katten, Muchin, Zavis, Pearl & Galler, Chicago, Ill., for plaintiff-appellee.

Richard J. Prendergast, James Prendergast, Joseph E. Tighe, Franklin J. Lunding, Jr., Charles M. Biggam, Jr., Biggam, Cowan, Marquardt & Lunding, Chicago, Ill., for defendants-appellants.

Before BAUER, Chief Judge, and EASTERBROOK and KANNE, Circuit Judges.

Rehearing and Rehearing En Banc Denied December 7, 1989.

EASTERBROOK, Circuit Judge.

Warren Mosler, a professional securities trader and experienced investor, purchased interests in some Ohio oil and gas properties. Michael Krebsar, Michael McKenzie, and Ralph Santilli, as M/K Ventures International, Inc., operated and promoted these properties. Krebsar recruited Peter B. Carey (a partner of a Chicago law firm) and Roger Pfohl to round up investors in Illinois...

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