Jun 12
2006

On June 12, 2006, following a parole hearing, Gerald Leo Rogers, previously of Seattle, Washington, was ordered to serve 120 months in federal prison. At the hearing, evidence was presented establishing Rogers' involvement in the sale of $12 million in Premium Income Corp. investments to vulnerable victims, while he was on parole for investment-related fraud. The revocation was a result of joint efforts by the Texas State Securities Board and federal agencies. Mr. Rogers has been incarcerated since February, 2005, in connection with this mater.