Fed. Sec. L. Rep. P 92,954 United States of America v. Vincent Alo

439 F.2d 751, 1971 U.S. App. LEXIS 11744
CourtCourt of Appeals for the Second Circuit
DecidedFebruary 19, 1971
Docket439, Docket 35579
StatusPublished
Cited by43 cases

This text of 439 F.2d 751 (Fed. Sec. L. Rep. P 92,954 United States of America v. Vincent Alo) is published on Counsel Stack Legal Research, covering Court of Appeals for the Second Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fed. Sec. L. Rep. P 92,954 United States of America v. Vincent Alo, 439 F.2d 751, 1971 U.S. App. LEXIS 11744 (2d Cir. 1971).

Opinion

IRVING R. KAUFMAN, Circuit Judge:

Vincent Alo, appealing from his conviction under 18 U.S.C. § 1505 for obstructing the Securities and Exchange Commission’s administration of the federal securities laws, asserts three primary grounds for reversal: that, although the government may have proved other crimes not charged, its evidence did not support a conviction under § 1505; that he was denied his constitutional right to a speedy trial; and that the indictment upon which he stood trial was unduly vague. We affirm.

I.

Alo’s conviction was based on his testimony at an investigative proceeding conducted by the SEC on May 25-26, 1966. The object of the investigation was to determine the beneficial ownership of several large blocks of securities, valued at $7.6 million, which constituted approximately one-third of the total issued shares of Tel-A-Sign, Inc. 1 Appearing pursuant to a subpoena, Alo was questioned about a series of meetings which he had attended at the Warwick Hotel in New York in late 1964.

About one year prior to the meetings, a Miami Beach attorney, Alvin Malnik, organized Scopitone, Inc. to exploit in the United States a French variant on the familiar juke box: in addition to playing the chosen musical selection the Scopitone device showed a synchronized color film on a 26-inch screen. Ownership of Scopitone was evenly divided between Malnik and his associates and the “Uchitel group,” which consisted of four business men from the New York area: Maurice Uchitel, a restaurant and real estate owner, Alfred Miniaci, Irving Kaye, and Abe Green, all involved in various aspects of the coin-operated machine industry.

On July 29, 1964, Malnik, using powers of attorney executed by the Scopi-tone shareholders, transferred an eighty percent interest in the corporation to Tel-A-Sign for stock then worth $3.5 million. Instead of dividing these proceeds between himself and the Uchitel group, Malnik retained approximately nine-tenths of the Tel-A-Sign stock. Beyond this lopsided distribution of the Tel-A-Sign shares, Malnik proposed to keep the remaining twenty percent interest in Scopitone. The members of the Uchitel group objected strenuously to Malnik’s division of the sale proceeds, as might well have been expected. Green protested directly to Malnik, who told him to arrange a meeting of all members of the Uchitel group. The resulting conference, the first of two at the Warwick Hotel in the latter part of 1964, was attended by Green, Miniaci, and Kaye, representing the Uchitel interests, and by Alo, who represented Malnik. Alo expressed the hope that a settlement could be reached without re *753 course to litigation, but insisted that Malnik had earned his lion’s share of the proceeds by dint of his greater efforts in promoting the Scopitone venture. The Uchitel group insisted on a division according to the respective shares held in Scopitone, Inc. In Uchitel’s absence, no agreement was reached.

The second conference at the Warwick was attended by Alo, Uchitel, Min-iad, and Kaye. Alo still pressed for a negotiated settlement but balked at the Uchitel group’s insistence on thirty-five percent of the proceeds. A settlement was eventually reached in April 1965 when the Uchitel group agreed to accept approximately twenty-five percent. The SEC’s investigation into these dealings began soon thereafter, when the Commission received information that Alo and Gerado Catena had been the real parties in interest in Scopitone, Inc. and that these two had thereby come into undisclosed beneficial ownership of large blocks of Tel-A-Sign stock.

At the SEC’s investigative hearings some eighteen months after the Warwick Hotel meetings, Alo claimed to remember practically nothing about them beyond his own attendance at Malnik’s request and the fact that they concerned a dispute over the distribution of Tel-A-Sign stock. He had no recollection of a corporation named Scopitone, Inc., or of how the Malnik-Uchitel dispute arose. He could not recall who arranged the meetings or how he learned when and where they would be held. As to what actually transpired at these meetings, Alo testified that he had forgotten all save that the Uchitel group was dissatisfied with its allocation of Tel-A-Sign stock and that he urged an amicable resolution of the dispute. Indeed, by the government’s calculation Alo pleaded a memory lapse some 134 times in one and a half hour’s testimony. The 1969 indictment on which Alo was tried charged that his answers were false and evasive, and that he intended thereby to frustrate the SEC’s investigation.

II.

Alo argues that a witness’s evasive answers before an administrative agency do not “obstruct, or impede the due and proper administration of the law,” 18 U.S.C. § 1505. He seeks to escape the plain meaning of the broad language of § 1505 by directing our attention to a characteristic common to all of the more specific subdivisions of § 1505. That is, each of these provisions relates to tampering with sources of evidence extrinsic to the actor, such as the intimidation of a witness or the falsification of documents. 2 Invoking the principle *754 of ejusdem generis, Alo argues that Congress must similarly have intended that the catchall language of § 1505 would not reach those who “obstruct * * * administration of the law” by suppressing their own knowledge of relevant facts.

So restrictive a gloss, however, would produce the anomalous result that concealing information recorded in one’s papers would constitute, as the appellant concedes, an offense under § 1505, but concealing data recorded in one’s memory would not. No rational basis for differentiating between these two types of evidence has been suggested to us, and without a clear statement of contrary Congressional intent we cannot attribute such an arbitrary distinction to the legislature. Like the specific provisions which precede it, § 1505 deals with the deliberate frustrations through the use of corrupt or false means of an agency’s attempt to gather relevant evidence. The blatantly evasive witness achieves this effect as surely by erecting a screen of feigned forgetfulness as one who burns files or induces a potential witness to absent himself.

Alo objects that such an interpretation of § 1505 will open an avenue for wholesale evasion of the so-called “two-witness rule” to which perjury convictions must conform. 3 We disagree. It is true, that to convict Alo the jury had to conclude that he was lying when he professed loss of memory, but the gist of his offense was not the falsehood of his statements, but the deliberate concealment of his knowledge. The SEC was not interested in Alo’s mnemonic powers, but in the details of the Warwick Hotel meetings. Alo’s profession of forgetfulness was not so much false testimony as a refusal to testify at all. 4

It is also argued that our reading of § 1505 will permit the government to circumvent the procedure set forth in § 21(c) of the Securities Exchange Act, 15 U.S.C.

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Bluebook (online)
439 F.2d 751, 1971 U.S. App. LEXIS 11744, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fed-sec-l-rep-p-92954-united-states-of-america-v-vincent-alo-ca2-1971.