(SOLVED) William Rubin president of Tri State Mining Co

sought a loan
William Rubin, president of Tri-State Mining Co., sought a loan from Bankers Trust Co. To
secure the loan, he pledged worthless stock in six companies and represented that the stock
was worth $1.7 million. He also arranged for fictitious quotations to appear in an investment
reporting service used by the […]

Dubois sold Hocking a condominium that included an option to participate in a rental pool
arrangement. Hocking elected to participate in the arrangement. Under it, the rental pool’s
agent rented condominiums, pooled the income, and after deducting a management fee,
distributed the income to the owners on a pro rata […]

International Advertising, Inc. (IA), would like to raise $10 million in new capital to open new
offices in eastern Europe. It believes it could raise the capital by selling shares of stock to its
directors and executive officers as well as to its bank and a large insurance company whose […]

Ronald Naquin, an employee of Air Engineered Systems & Services, Inc., owned one-third of its
outstanding shares. After six years, he was fired and an offer was made to buy out his interest
in Air Engineered at a price that Naquin thought inadequate. He then formed a competing
business and […]

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Linhart owned shares of stock in First National Bank. She borrowed money from the bank and
pledged the stock as security. She later decided to transfer 70 head of cattle and the shares of
stock to her son, but she could not deliver the share certificate to him because it […]

On March 3, 2002, pursuant to a public offering, First All State Trucking Corp. (FAST) issued
securities to investors in denominations of $1,000. The interest rate was 7 percent per year
payable semiannually, and the maturity date was March 3, 2010. The rights and obligations of
the issuer, FAST, and […]

Ibanez owned shares of stock in Farmers Underwriters. He left the stock certificate lying on top
of his desk in his office. Many persons continually passed through the office, and one day
Ibanez realized that someone had taken the certificate from the top of his desk. Ibanez applied
to Farmers […]

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