Frederick Otto, and Bruce Strahan, Jr.

Jul 12

Frederick Otto Delin of Denison, Texas, and Bruce Strahan, Jr. of Colleyville, Texas, were indicted on July 12, 2006 in the 336th Judicial District Court in Grayson County, Texas, Cause No.'s 54697-15, and 54741-59, respectively, for selling unregistered securities and for selling securities without being registered as securities dealers or agents with the Texas Securities Commissioner. Strahan and Delin were sales agents for Premium Income Corp., a Seattle-based company that offered purported investments in the foreign currency markets primarily to senior citizens. The scheme collected approximately $12 million from investors.