Sep 26
2006

Jeffrey Eugene Brown of Mesquite, Texas, was indicted on September 26, 2006, in the 173rd Judicial Court, Henderson County, Texas, Cause Nos. B-15,039 and B-15,040, charged with 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. The Mobile Billboards scheme raised approximately $60 million from the public nationwide.