Graham

Lawrence E. Graham appeals from the judgment entered on a jury verdict convicting him of a single count of violating the Corporate Securities Law of 1968. (Corp. Code, §§ 25000 et seq., 25540.) The jury found Graham made a public offer to sell an unqualified security under section 25110. Graham contends the evidence is insufficient to support the conviction. We disagree and affirm the judgment.

Factual and Procedural Background

Robert Chapek, a modern day alchemist and Graham’s codefendant at trial, wished to promote a “Midas” machine purportedly capable of extracting gold from mine water. In January 1977 Robert Krueger, a Marine Corps captain, invested $2,100 in an Arizona mining operation using Chapek’s machine. Krueger’s investment did not turn to gold. Nonetheless, with unflagging optimism, Krueger stayed in touch with Chapek. In November 1980 Chapek introduced Krueger to Graham, his partner in another venture promoting the use of the same machine. Remarkably, the machine could now detoxify chemical wastes. Chapek gave Krueger a nine-page brochure describing the machine’s new capabilities and explained Graham would handle the business end of the venture while he…