P. v. Ayyar
Defendant appeals from the judgment entered after a jury convicted him of 10 counts of grand theft by false pretenses (counts 1, 2, 5 to 8, 13 to 16; Pen. Code, S 487, subd. (a)), fraud in the sale of securities (count 3; Corp. Code, SS 25401, 25540), engaging in a fraudulent securities scheme ( count 4; Corp. Code, S 25541), and four counts of forgery (counts 9, 11, 12, 17; S 470, subd. (c)). The jury found that appellant took property in excess of $2.5 million (S 12022.6, subd. (a)(4)), and on counts 1 through 4 and 6, that appellant took property valued in excess of $100,000 (S1203.045). The jury further found, as to counts 2 through 4, counts 6 through 9, and counts 11 through 17, that the victims did not discover the crimes until after August 15, 1996, a time within the four year statute of limitations. (SS 801.5; 803, subd. (c)
The trial court sentenced appellant to 12 years 4 months state prison, ordered $1,780,726.67 direct restitution (S 1202.4, subd. (f)), and ordered appellant to pay a $500 restitution fine (S 1202.4, subd. (b)) and a $500 parole revocation fine (S 1202.45).
Court affirm the convictions but reverse the sentence.
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