Nov 16
2006

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.