Home - Trial Updates - New trial date set in Andres Esquivel’s securities fraud case

New trial date set in Andres Esquivel’s securities fraud case

Posted on November 28, 2012 in Trial Updates

A new trial date has been set in Andy Esquivel’s securities fraud case.  A final pre-trial hearing will occur on January 15th followed by a jury trial on February 27th and 28th where Andy will be represented by a public defender (because he cannot afford to pay for an attorney himself).  Full updates can be viewed in the case file here.

On the 28th of February we expect the court to find that Andres Esquivel did in fact sell “securities” to three men in Davis County Utah and therefore did in fact violate the law.  Andy continues to claim that he did NOT sell securities to these three men and that he is therefore innocent of securities fraud.  I’m curious to find out how someone becomes an “owner” of a business after being sold “shares” in the company without having participated in a “securities” transaction.  This should be very enlightening.

 

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