Blair was convicted of willfully selling unregistered securities in violation of Colorado law. He was director of several charitable organizations that operated as a single unit and paid out investment gains with funds received from new investors. Blair appealed his conviction arguing that the definition of "willful" in the statute did not mean "knowingly" or, "reasonably should be aware,", the only two constructions that could support his conviction.
Also available at: http://www.mlmlegal.com/legal-cases/Colorado_v_Blair.php
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