Aug 8
2006

Bruce Frank Ruark of Austin, Texas, was indicted on August 8, 2006, in the 277th Judicial District Court in Williamson County, Texas, Cause No.'s 06-1393-K277 and 06-1394-K277. Ruark was charged with securities fraud in the aggregate amount of $100,000 or more, stemming from ten sales of the Mobile Billboards program and securing execution of documents by deception in the aggregate amount of $200,000 or more stemming from nine sales of the Mobile Billboards program. The Mobile Billboards scheme raised approximately $60 million from the public nationwide.