Winans' conviction for violating securities law was affirmed by the U.S. Supreme Court in 1987 as Carpenter v. United States (1987) by a rare 4–4 deadlocked vote. However, the Supreme Court unanimously affirmed his convictions for committing federal mail and wire fraud.
Winans' conviction for breaching securities law was upheld by the U.S. Supreme Court in 1987 as Carpenter v. United States (1987) due to a rare 4–4 tie vote. However, the Supreme Court unanimously affirmed his convictions for committing federal mail and wire fraud.