Jan 31
2007

Jeffrey Eugene Brown, of Mesquite, Texas, pled guilty on January 31, 2007, in the 7th District Court, Smith County, Texas, Cause No. 007-0213-06 to acting as an unregistered sales agent in the sale of unregistered securities issued by Mobile Billboards of America, Inc. The program involved the purchase of truck-mountable billboard frame equipment from Mobile Billboards of America, Inc. and the lease of that equipment to Outdoor Media Industries in exchange for monthly payments equivalent to a 13.49% annual return. He was sentenced to three years confinement in the Institutional Division of the Texas Department of Criminal Justice.