The proof herein showed the sale of unique, individually numbered (albeit counterfeit) lithographs to different buyers, at different times and at different prices. There was no pooling of funds, nor was there any substantial reliance by the purchasers upon the efforts of the promoters to produce profits but, rather, a reliance on the product itself to appreciate by itself over time. Despite defendant's exaggeration of the potential
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PEOPLE v. FLEISHMAN
163 A.D.2d 148 (1990)
The People of the State of New York, Respondent, v. Martin Fleishman, Appellant
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
July 10, 1990
July 10, 1990
Appellate Division of the Supreme Court of the State of New York, First Department.
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