District Court, S.D. New York April 11, 1985, 84 Cr. 293 (SWK) (United States v. Nelson)

MEMORANDUM OPINION AND ORDER

ERAM, District Judge.

The indictment in the instant criminal prosecution was filed on May 14, 1984. This indictment contained forty-six counts, and originally included seven defendants. The indictment alleged that the defendants devised, and participated in, a scheme to defraud approximately twelve hundred investors out of more than eleven million dollars.