[Download] "Dallas M. Parnell v. State" by Court of Criminal Appeals of Texas # eBook PDF Kindle ePub Free

eBook details

Title: Dallas M. Parnell v. State
Author : Court of Criminal Appeals of Texas
Release Date : January 24, 1960
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 58 KB

Description

Appellant forcefully challenges the conclusion in our original opinion that the money which was embezzled belonged to the insurance company and again calls our attention to the fact that the checks which were used to pay off the promoters notes were drawn on the investment company and not the insurance company. The answer to such contention lies in the entry made in the insurance company books which showed that the insurance company had transferred on its books the sum of $175,801.68 to the investment company with the notation, "Stock sold by investment company for individual stockholders, proceeds of which were erroneously transferred to insurance company." Whether or not the funds had been "erroneously transferred to the insurance company" is not the question. It was the act of making this entry that took money from the insurance company and placed it in the investment company, where it was used to pay off the notes, that made the embezzlement here charged possible.