Check this out on Louis Porter , President of Bayport
703 F.2d 1186
10 Fed. R. Evid. Serv. 1489
UNITED STATES of America, Plaintiff-Appellee,
v.
W. Darrell ZANG and Louis Porter, Defendants-Appellants.
Nos. 80-2227, 80-2228.
United States Court of Appeals,
Tenth Circuit.
June 7, 1982.
Rehearing Denied April 26, 1983.
B. Hayden Crawford, Tulsa, Okl. (Joe D. Dillsaver, Tulsa, Okl., with him on the brief), of Crawford, Crowe & Bainbridge, Tulsa, Okl., for defendant-appellant W. Darrell Zang.
John A. Field, III, of Jerris Leonard & Associates, P. G., Washington, D. C. (James C. Lang and William J. Wenzel, of Sneed, Lang, Adams, Hamilton, Downie & Barnett, Pat Malloy and Pat Malloy, III, of Malloy, Thompson & Malloy, Tulsa, Okl., with him on the briefs), for defendant-appellant Louis Porter.
Stephen P. Learned, U. S. Dept. of Justice, Washington, D. C. (Frank Keating, U. S. Atty., N. D. Okl., Tulsa, Okl., with him on the brief), for plaintiff-appellee.
Before SETH, Chief Judge, McWILLIAMS, Circuit Judge, and BRIMMER, District Judge*.
SETH, Chief Judge.
1
The defendants, W. Darrell Zang and Louis Porter, were convicted by a jury of one count of conspiracy (18 U.S.C. Sec. 371), six counts of mail fraud (18 U.S.C. Sec. 1341 and Sec. 2), eight counts of wire fraud (18 U.S.C. Sec. 1343 and Sec. 2), and one count of racketeering (18 U.S.C. Sec. 1962(a), Sec. 1963, and Sec. 2). The court sentenced each of the defendants to five years on each count to be served concurrently, a total fine of $49,000, and ordered the forfeiture, pursuant to 18 U.S.C. Sec. 1963(a)(1), of the defendants' respective interests in Dalco Investments, which included an interest in the Dalco Building.
2
The facts leading up to their indictment and conviction concern the purchase and resale of crude oil. The government alleged that from approximately December of 1976 through September of 1978 the appellants fraudulently miscertified over one million barrels of lower tier priced controlled crude oil as higher tier crude oil resulting in an illegal profit of nearly 7.5 million dollars.
3
