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CHESHIRE v. MAGNACARD, INC.

No. 86-2829.

510 So.2d 1231 (1987)

David Wilson CHESHIRE, Appellant, v. MAGNACARD, INC., Appellee.

District Court of Appeal of Florida, Second District.

August 14, 1987.

Attorney(s) appearing for the Case

Steven A. Werber and Gardner F. Davis of Commander, Legler, Werber, Dawes, Sadler & Howell, Jacksonville, for appellant.

Thomas L. Boll of Murphy & Clark, P.A., Lakeland, for appellee.

RYDER, Acting Chief Judge.

Between 1979 and 1983, A.T. Bliss and Company, Inc. (Bliss) and its affiliates sold unregistered securities in the form of limited partnership interests to the public. The investments were structured so that the investor provided the partnership with a cash down payment out of which Bliss received a fee, plus a promissory note. Bliss made arrangements for allegedly independent entities to finance one-half of each of the cash down payments...

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