Steve Clary Due To Begin Prison Sentence May 12

by Arkansas Business Staff  on Monday, May. 5, 2014 12:00 am  

Steve Clary

Bankrupt developer Roger S. “Steve” Clary of Little Rock is enjoying two more months of freedom before he begins serving his 30-month federal prison sentence.

Clary was supposed to report to federal prison on March 10, but his federal public defender, Lisa Peters of Little Rock, asked for a 60-day extension to report.

“Recent developments have occurred that warrant Mr. Clary’s presence,” the motion filed on March 6 said.

Peters didn’t say in the motion what the developments are, and she did not return a call for comment.

Clary, if you recall, pleaded guilty last year to a single count of mail fraud, admitting that he misused almost $1.6 million of a $4.5 million loan that he received from Bank of America Leasing Capital in 2008. He was ordered to pay that amount in restitution but was not otherwise fined by U.S. District Judge J. Leon Holmes.

Holmes granted Clary’s request, and now he’s scheduled to report by 2 p.m. on May 12, almost four years after he was indicted.

 

 

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