Frederick Otto Delin, of Denison, Texas, was sentenced on November 16, 2007, in the 15th District Court of Grayson County, Texas, Cause No. 55950-15, after being found guilty by a jury of theft of property of the value of $200,000 or more, a first degree felony, and misapplication of fiduciary property involving an elderly person of the value of $20,000 or more but less than $100,000, a second degree felony. The underlying securities were issued by Premium Income Corp., but Delin operated under his company name of Complete Estate Services. He was sentenced to ten years in the Institutional Division of the Texas Department of Criminal Justice. The sentence was probated to eight years of community supervision.