Nov 16

Jules B. Fleder of Beverly Hills, California, was convicted on November 16, 2006, in the United States District Court, Eastern District of Texas, Tyler Division, Cause No. 6:05CR00016-001, on one count of conspiracy to commit mail fraud and one count of securities fraud. Felder conspired with Jack A. Brown to raise nearly $2 million through the sale of limited partnership interests in Prairie Lake Estates, L.P. Fleder was sentenced to 10 years incarceration, to be followed by 3 years of supervised release, and was ordered to pay restitution in the amount of $27,540,302.