Metro Display Advertising Company

Entrepreneur Jean Claude LeRoyer, accused of bilking up to $43 million from mostly elderly investors in a city bus shelter-advertising scheme, pleaded guilty Wednesday to six charges of mail fraud and filing false income tax returns. His wife, Karen, a former bookkeeper for the Tustin company that LeRoyer headed, pleaded guilty to three counts of filing false tax reports. LeRoyer built his Metro Display Advertising Inc.

Jean Claude Leroyer, founder of an Orange County bus stop advertising firm that defrauded more than 1,100 investors of $46.4 million between 1986 and 1991, was sentenced Wednesday to 46 months in federal prison. Also sentenced in federal court in Santa Ana were three salesmen recently convicted of marketing fraudulent investments in the Irvine-based company, Metro Display Advertising, and the company's former chief financial officer.

For eight years, Metro Display Advertising put little effort into soliciting ads for the bus stop shelters it was supposed to manage, the company's investors say. But ever since Metro Display filed for bankruptcy protection last year and new management took over, the Tustin company has been on a campaign to find advertisers for the shelters. On Wednesday, the U.S. Bankruptcy Court in Santa Ana approved a marketing agreement between Metro Display and VW Martin Co.

Jean Claude Leroyer, founder of an Orange County bus stop advertising firm that defrauded more than 1,100 investors of $46.4 million between 1986 and 1991, was sentenced to 46 months in federal prison. Also sentenced in federal court in Santa Ana were three salesmen recently convicted of marketing fraudulent investments in the Irvine-based company, Metro Display Advertising, and the company's former chief financial officer.

An Orange County bus shelter company that filed for bankruptcy protection in January plans to seek easier payment terms on its shelter contracts with more than 50 cities, counties and other government agencies, says the company's president. In some cases, Metro Display Advertising will ask government officials to waive payments on certain company shelters that are not generating revenue, President Robert F. Bicher said.

Jean Claude Leroyer, founder of an Orange County bus stop advertising firm that defrauded more than 1,100 investors of $46.4 million between 1986 and 1991, was sentenced Wednesday to 46 months in federal prison. Also sentenced in federal court in Santa Ana were three salesmen recently convicted of marketing fraudulent investments in the Irvine-based company, Metro Display Advertising, and the company's former chief financial officer.

Jean Claude Leroyer, founder of an Orange County bus stop advertising firm that defrauded more than 1,100 investors of $46.4 million between 1986 and 1991, was sentenced to 46 months in federal prison. Also sentenced in federal court in Santa Ana were three salesmen recently convicted of marketing fraudulent investments in the Irvine-based company, Metro Display Advertising, and the company's former chief financial officer.

Entrepreneur Jean Claude LeRoyer, accused of bilking up to $43 million from mostly elderly investors in a city bus shelter-advertising scheme, pleaded guilty Wednesday to six charges of mail fraud and filing false income tax returns. His wife, Karen, a former bookkeeper for the Tustin company that LeRoyer headed, pleaded guilty to three counts of filing false tax reports. LeRoyer built his Metro Display Advertising Inc.

For eight years, Metro Display Advertising put little effort into soliciting ads for the bus stop shelters it was supposed to manage, the company's investors say. But ever since Metro Display filed for bankruptcy protection last year and new management took over, the Tustin company has been on a campaign to find advertisers for the shelters. On Wednesday, the U.S. Bankruptcy Court in Santa Ana approved a marketing agreement between Metro Display and VW Martin Co.

An Orange County bus shelter company that filed for bankruptcy protection in January plans to seek easier payment terms on its shelter contracts with more than 50 cities, counties and other government agencies, says the company's president. In some cases, Metro Display Advertising will ask government officials to waive payments on certain company shelters that are not generating revenue, President Robert F. Bicher said.