MOORE, Circuit Judge: Viewed, as it must be, in a light most favorable to the government, the evidence introduced below established n that from early 1969 until the spring of 1970 Alan Segal (“Segal”), Anthony Scardino (“Scardino”), Burney Acton (“Acton”), Michael Clegg (“Clegg”) and others devised and executed a fraudulent scheme to amass and distribute to unsuspecting buyers thousands of shares of worthless stock of Pionee…
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