Steve Standridge to Court Tuesday, Asks Banker to Bring Files

by Arkansas Business Staff  on Monday, Sep. 17, 2012 12:00 am  

Disgraced former insurance agent Steve Standridge of Mount Ida is scheduled to appear in U.S. District Court on Tuesday for his plea and arraignment hearing, and he wants a bunch of bank records to be there with him.

Standridge, through his attorney Tim Dudley of Little Rock, issued a subpoena asking Darwin Hendrix, the CEO of the Bank of Delight, to appear in the Little Rock courthouse and bring with him all records involving a number of loans.

The list of items Hendrix is supposed to bring with him includes records involving Wood Lumber Co., Danny Wood and Gregory A. Hunt.

If you recall, Standridge’s former customers, Wood of Idabel, Okla., and Hunt of Russellville, had previously pleaded guilty to aiding and abetting bank fraud.

Wood was sentenced in July to 30 months in federal prison. Hunt is scheduled for sentencing on Oct. 1.

It is unclear why Standridge would want the files at his arraignment hearing.

He is facing 12 federal felony counts, including bank fraud, related to fraudulent premium finance loans.

Dudley declined to comment last week on his legal strategy, although he has said he expects to go to trial.

Hendrix, meanwhile, has filed paperwork saying that he won’t give up the files unless ordered by a court.

A judge hadn’t ruled on the records issue by press time.

We’ll see what tomorrow brings.



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