A sign of protest: Film revisits Bill Breeden’s street-sign theft, the manhunt it sparked during Iran-Contra

Forty years ago, Bill Breeden thought he was making a statement.

Instead, the Owen County resident sparked a week-and-a-half manhunt, found himself at the center of a federal prosecution and inspired an award-winning documentary after stealing a street sign honoring John Poindexter at the height of the Iran-Contra scandal.

The film will be shown next week at the Historic Tivoli Theatre.

Breeden, who is the only individual to have served jail time in relation to the Iran-Contra scandal, recalled the series of events.

At the time, he was in his mid-30s and lived in a teepee in Brown County. He didn’t have electricity, but he just so happened to stop by someone’s house who did. And it just so happened to be the same night that Ronald Reagan’s National Security Adviser John Poindexter resigned.

Poindexter resigned as a result of the Iran-Contra affair, a secret Reagan administration operation that illegally sold weapons to Iran and diverted the proceeds to Contra rebels in Nicaragua, despite a congressional ban.

Poindexter and Breeden were from the same small southern Indiana town of Odon, and Breeden’s sister dated him at one point.

Breeden watched as Poindexter claimed it was a secret operation he and Oliver North had conducted and that Reagan had nothing to do with it.

“He believed that the government had the right to lie to the people, and he resigned,” Breeden said.

The next morning, Breeden went to see his mom in a nursing home in his hometown and saw a street sign for Poindexter.

When he asked what it was for, he was told that NBC had interviewed residents about Poindexter and the scandal. He said it was on the news that the people of Odon supported Poindexter and were waiting for him to return to dedicate the sign and newly named street after him. The street was four blocks long.

“I wanted people to know that some of us didn’t support it, and so I took this [sign]. We were going to take a picture, and my camera wouldn’t work, and then I decided to steal it, and I left a note on the sign saying, ‘There are some graduates of this high school who do not believe the government has the right to lie to the people, lo how the mighty have fallen,’ and we signed it ‘the Midwest Liberation Front’ as a joke, and that was the thing that kicked it all off,” Breeden said.

That led to a week-and-a-half manhunt for Breeden, as security officials believed Breeden was training guerrillas to kill Poindexter.

After a close encounter in Brown County, Breeden called the deputy sheriff in Odon and offered to turn himself in.

Breeden spent four days in jail and is the only documented person to serve jail time in relation to the Iran-Contra affair.

“I say in a song I wrote about it that I took an inch and they gave me a mile or something like that because had they just ignored it, it would have never had the impact that it did,” Breeden said. “I was really fortunate, just lucky that I happened to see Poindexter resign at another house. I happened to see a sign put up the day before and took it down, so it was just kind of one of those things that landed in your lap, and you had to do something with it.”

It later became a senior prank for students to steal the Poindexter signs like Breeden had done.

The ordeal led to the award-winning 1994 documentary, “The Times of a Sign,” which Breeden will show at the Tivoli at 7 p.m. on July 23. Breeden’s band, The Midwest Liberation Front, named after the experience, will provide live music starting at 6 p.m. The free showing is a fundraising event for the Owen County Democratic Party, of which Breeden is the chairman.