79 Pa. Super. 295 | Pa. Super. Ct. | 1922
Opinion by
The defendant was found guilty of a violation of the Act of May 18,1917, P. L. 241, the title of which is “making the fraudulent conversion of property or the proceeds of property a misdemeanor, etc.” The portion of the act which defines the crime reads as follows: “Any person having received or having possession, in any capacity or by any means or manner whatever, of any money or property, of any kind whatsoever, of or belonging to any other person, firm, or corporation, or which any other person, firm, or corporation is entitled to receive and have, who fraudulently withholds, converts, or applies the same, or any part thereof, or the proceeds or any part of the proceeds, derived from the sale or other disposition thereof, to and for his own use and benefit, or to and for the use and benefit of any other person, shall be guilty of a misdemeanor, etc.” A subsequent section of the act states that it is the intent of the act to define and punish a distinct and separate misdemeanor.
“July 22, 1920.
“In consideration of the sum of $500, I. C. Bixler, agrees to deliver to said Hoyt Fullem of the State Penna., County of Fayette, 1,500 shares of Byan and Fisher Refining and Producing Company, the par value of $1 each as soon as certificates are delivered. It is further understood that I. C. Bixler, said party of the first part, shall sell 500 shares and reimburse said Hoyt Fullem in the sum of $500.”
The certificate for the 1,500 shares of stock was after-wards delivered to the prosecutor. There is no doubt that the $500 given to the defendant was loaned to him, this is reiterated in the testimony of the prosecutor. The crime of which the defendant is accused, as stated in the charge of the court, is that the defendant “went to the prosecutor to get the money without any intention or purpose of ever paying it.” The defendant is not charged with obtaining money under false pretenses but with converting to his own use money belonging to another. The defendant did not promise to return the money in kind. He had the undoubted right to use it as he saw fit, but at the end of six weeks he was to refund it out of the proceeds of 500 shares of the prosecutor’s stock, which he was to sell for that sum. To revert to the act above quoted, the defendant did not receive any money or goods which belonged to any person other than himself. Whatever he may have done with the
The judgment is reversed and the defendant is discharged of his recognizance.