State v. Taylor
Annotate this CaseDefendant was charged with multiple counts of securities fraud and theft based on his alleged operation of a Ponzi scheme. Defendant filed a motion to dismiss, claiming that eight of the ten charges were time barred under the applicable statutes of limitations. The district court denied the motion, concluding that securities fraud and theft are continuing offenses. The Supreme Court reversed, holding that the district court’s conclusion was in error because neither securities fraud nor theft is a continuing offense. Remanded for the district court to re-evaluate the timeliness of the charges.
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