The People v. Glassberg

158 N.E. 103, 326 Ill. 379
CourtIllinois Supreme Court
DecidedJune 22, 1927
DocketNos. 17375-17376. Judgment affirmed.
StatusPublished
Cited by21 cases

This text of 158 N.E. 103 (The People v. Glassberg) is published on Counsel Stack Legal Research, covering Illinois Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
The People v. Glassberg, 158 N.E. 103, 326 Ill. 379 (Ill. 1927).

Opinion

Mr. Justice Duncan

delivered the opinion of the court:

Plaintiffs in error, Michael Glassberg and Morris Mar-kin, (herein called defendants,) were jointly indicted in the criminal court of Cook county for conspiracy to do illegal acts injurious to the public trade. They were found guilty by a jury as charged in the indictment, and after motions for a new trial and in arrest of judgment were overruled each was sentenced to thirty days in jail and to pay a fine of $2000. The Appellate Court for the First District affirmed the judgment, and a writ of error is prosecuted by each of the defendants to review the record. The separate writs of error have been consolidated, as the record in each case is identical.

The indictment consisted of three counts, the second and third of which were nollied by the People. The first count of the indictment charges, in substance, that the defendants did on May 31, 1922, in Cook county, Illinois, unlawfully, willfully, fraudulently and deceitfully conspire, combine, confederate and agree with each other and with Eugene L. Garey with the fraudulent and malicious intent unlawfully, wrongfully and wickedly to do illegal acts injurious to the public trade, that is to say, to knowingly, fraudulently and willfully

(1) offer to file and file with the Secretary of State of the State of Illinois a false, untrue and fraudulent balance sheet of and concerning the Checker Cab Manufacturing Corporation, a corporation, and then and there to set out an untrue, false and fraudulent statement of the assets, liabilities and net worth of the said corporation, and to falsely, willfully and fraudulently recite in and by said balance sheet that the said corporation then and there owned and possessed as a part of the assets of such corporation notes receivable in the sum of $5426.94, when and while the said corporation then and there had no notes receivable;

(2) and to offer to file and file with the Secretary of State aforesaid a certain schedule of and concerning the notes and accounts receivable of said corporation and to fraudulently, falsely and willfully recite therein among the notes and accounts receivable of said corporation that it then and there possessed notes and accounts receivable, to-wit, note of Abr. Lomberg, in the sum of $5426.94, when and while the said Abr. Lomberg was not then and there indebted to the said corporation, and had not made his note in any sum whatever in the premises;

(3) and to offer to file and file with the Secretary of State aforesaid a certain schedule of the machinery and equipment owned and possessed by the said corporation and to falsely, fraudulently and willfully recite therein that the said corporation was then and there possessed of and owned a certain jig, to-wit, main body jig of the book value, after allowing for depreciation thereof, of $6500, when in truth and in fact the said main body jig was then and there of a value not to exceed $500;

(4) and to offer to file and file with the Secretary of State aforesaid in and as a part of said schedule of said machinery and equipment of the said corporation that said corporation then and there owned and possessed a sample body of the book value, after allowing for depreciation thereof, in the sum of $25,000, and in addition thereto that the engineering and designing of the sample body aforesaid was of the book value, after allowing depreciation thereof, of the sum of $15,000, when and while the said sample body aforesaid was of a value not to exceed-, to-wit, $1000;

(5) and to offer to file and file with the Secretary of State aforesaid in and by a schedule of notes and accounts payable of and concerning the said corporation, a false, fraudulent and untrue statement of the notes and accounts payable of said corporation and to knowingly, willfully and fraudulently omit from the said schedule of notes and accounts payable divers notes and accounts payable in the sum of $28,000;

(6) and to offer to file and file with the Secretary of State aforesaid a false and fraudulent detailed itemized statement of consideration received for each and all issued and outstanding securities of said corporation, and to falsely, willfully and fraudulently recite therein that ‘Too shares of preferred stock and 22,500 shares of common stock no par value” of the stock of the said corporation, was issued and outstanding “for which there was assigned on April 20, 1922, to the ‘issuer’ ” (meaning said corporation) “the entire assets of the Markin Auto Body Corporation, a corporation of Illinois, subject, however, to the assumption and agreement by the ‘issuer’ to pay all the liabilities of said Markin Auto Body Corporation. The net value thereof was appraised at $182,703.28” (meaning thereby that the net value of the Markin Auto Body Corporation assets was appraised at $182,703.28 and that same had been received as a consideration for 100 shares of preferred stock and 22,500 shares of common stock no par value of Checker Cab Manufacturing Corporation, a corporation, and that the assets of Markin Auto Body Corporation, a corporation, were of a fair value of $182,703.28) when in truth and in fact the net value of the assets of the said Markin Auto Body Corporation were of a value not to exceed $50,000;

(7) and to offer to file and file with the Secretary of State aforesaid divers other false, fraudulent and willful misrepresentations of and concerning the assets, liabilities and net worth of the said Checker Cab Manufacturing Corporation, a corporation, in and by the said balance sheet, schedules and documents required by law to be filed with the Secretary of State aforesaid in the matter of the sale of stock of corporations in class “D” as classified by the statute in such case made and provided;

(8) and to then and there unlawfully, knowingly and willfully offer for sale and to unlawfully, knowingly and willfully sell shares of stock of the said Checker Cab Manufacturing Corporation, a corporation, in violation of the Illinois Securities law, to the public generally, contrary to the statute, etc.

The indictment charges the defendants with a conspiracy to do illegal acts injurious to the public trade and is drawn under section 46 of the Criminal Code, which provides that if any two or more persons conspire or agree together with the fraudulent or malicious intent wrongfully and wickedly to do any illegal act injurious to the public trade, they shall be deemed guilty of a conspiracy and shall be fined not exceeding $2000, or be imprisoned in the county jail not exceeding one year, or shall be imprisoned in the penitentiary for a term not less than one year and not exceeding five years, or may be so fined and so imprisoned in the county jail or the penitentiary.

In the original indictment the first count is written as a continuous single sentence and punctuated substantially as above set forth, without any numbered paragraphs. We have paragraphed this count of the indictment and numbered the paragraphs as above set forth merely for the purpose of discussion. In these eight numbered paragraphs are set forth the illegal acts alleged to be injurious to the public trade, and they are alleged under a videlicet, and are also preceded by the words “to knowingly, fraudulent!)'' and willfully,” which quoted words should be and are construed to precede and modify the first seven numbered paragraphs.

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Bluebook (online)
158 N.E. 103, 326 Ill. 379, Counsel Stack Legal Research, https://law.counselstack.com/opinion/the-people-v-glassberg-ill-1927.