Some counts against a business promoter convicted of swindling President Reagan's son, Michael, and others in a gold mining stock scheme were reversed Wednesday.
But the 2nd District State Court of Appeal affirmed guilty verdicts on two grand theft counts.
The court also allowed 15 counts of violating California law by selling securities without a permit to stand against Richard F. Carey, 47.
Overturned by the appellate court were 10 counts of misrepresentation in the sales of securities. The district court ruled that the Los Angeles Superior Court trial judge failed to instruct the jury that their verdicts on those counts should be unanimous.
Free on Bail
Carey, who was convicted on 27 of the 68 charges originally brought against him, was sentenced in April, 1984, to three years and eight months in prison. Deputy Dist. Atty. James Green, the prosecutor, said Carey has been free on bail pending the appeal.