Idaho § 30-14-501 GENERAL FRAUD

Idaho Statutes

§ 30-14-501 — GENERAL FRAUD

Idaho·Title 30 CORPORATIONS·Part 5. FRAUD AND LIABILITIES·Ch. 14 UNIFORM SECURITIES ACT (2004)

It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:

(1)To employ a device, scheme, or artifice to defraud;

(2)To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading;

(3)To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person; or

(4)To divert investor money to the personal use of the issuer, offeror or seller, or to pay prior investors without specifically disclosing that use before receiving the investor’s money.

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It is unlawful for a person, in connection with the offer, sale, or purchase of a security, directly or indirectly:
(1) To employ a device, scheme, or artifice to defraud;
(2) To make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading;
(3) To engage in an act, practice, or course of business that operates or would operate as a fraud or deceit upon another person; or
(4) To divert investor money to the personal use of the issuer, offeror or seller, or to pay prior investors without specifically disclosing that use before receiving the investor’s money.

Idaho § 30-14-501 (GENERAL FRAUD) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.