Jack Arnold Brown

Nov 16

Jack Arnold Brown of Marshall, Texas, was convicted on November 16, 2006, in the United States District Court, Eastern District of Texas, Tyler Division, Cause No. 6:05CR00033-001, on one count of conspiracy to commit securities fraud and mail fraud. Brown conspired with Jules B. Fleder to raise nearly $2 million through the sale of limited partnership interests in Prairie Lake Estates, L.P. Brown was sentenced to 5 years imprisonment, to be followed by 3 years of supervised release, and was ordered to pay restitution of $8,286,950.