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United States v. Brown
United States Court of Appeals for the Ninth Circuit
578 F.2d 1280 (1978)
- Written by Steven Pacht, JD
Facts
Robert Brown (defendant) was convicted of committing securities fraud in violation of § 17(a) of the Securities Act of 1933. Brown appealed, arguing that § 24 of the act—the criminal-penalty provision for § 17(a)—requires willful conduct. Per Brown, the government (plaintiff) thus had to prove he had actual knowledge that the items he fraudulently sold were securities within the meaning of the act.
Rule of Law
Issue
Holding and Reasoning (Ingram, J.)
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