Tagged: arkansas business 30th anniversary

Signs of $14.7 Million Medicare Fraud from Mountain Home Doctor Date Back for Years

by Mark Friedman 3/31/2014 12:00 am

If Dr. Stacey M. Johnson of Mountain Home had not died earlier this year at 63, he likely would have been charged with overbilling Medicare by $14.7 million, according to a criminal investigator’s affidavit that was recently made public.

An Interview with Alice Walton: Crystal Bridges An Expression of Love

by Jan Cottingham 3/31/2014 12:00 am

Articles about Alice Walton and Crystal Bridges Museum of American Art have tended to focus on big numbers: an $800 million endowment, hundreds of millions of dollars worth of artwork, 200,000 SF of museum space, 250,000 visitors expected to visit the Bentonville showplace yearly. What the stories haven’t done is explain why Walton, the only daughter of Wal-Mart founder Sam Walton, chose art as her way to give not just to northwest Arkansas but to the entire world.

Tony Rand’s First Fraud

by Arkansas Business Staff 3/31/2014 12:00 am

Before he began a oil fraud with his sons that culminated with a 2009 indictment, Tony Rand churned $17 million through his Rand Theatres operation to feed his family’s taste for the good life.

Former Theater Owner Tony Rand, Five Sons Guilty of $110 Million in Scams

by George Waldon 3/31/2014 12:00 am

A nearly seven-year stretch in prison apparently served only to inspire a vastly larger interstate scheme from Texas. This gambit involved Tony Rand, now 70, and his five sons swindling hundreds of oil and gas investors of more than $110 million. Some suspect their schemes at times resembled a plot line in a zany 1968 movie “The Producers.”

Process Server Relates ‘Look of Terror’ on Face of Bond Scammer Kevin Lewis

by George Waldon 3/31/2014 12:00 am

Kevin Lewis wasn’t a high-profile guy until he started attracting lawsuits and the attention of federal investigators in connection with allegations of bank fraud involving multiple lenders. The day-to-day whereabouts of Lewis might be as enigmatic as the man, but Andy Myers can tell you where Lewis was on Feb. 3. That’s the day he caught up with Lewis at his parents’ home in Searcy.

Jonathan Brawner, Mastermind of One Failed Kidnapping, Claims He Hid John Glasgow’s Body

by Gwen Moritz 3/31/2014 12:00 am

Jon Brawner masterminded the early morning kidnapping of a businessman with the intention of forcing him to transfer money from his company to offshore accounts. But things went wrong — fatally so. This is not the story of John Glasgow, although Brawner now claims to have helped bury the body of the construction executive who vanished four years ago after leaving his Little Rock home before dawn.

John Glasgow to Dillard’s: ‘Call Off the Dogs’

by Gwen Moritz 3/31/2014 12:00 am

The relationship between the management of CDI Contractors LLC of Little Rock and half-owner Dillard’s Inc. was under tremendous stress in the days before CDI’s chief financial officer disappeared on Jan. 28.

‘Any Willing Provider’ Bill Returns, This Time Without Wilson Off to Races

by Mark Friedman 3/31/2014 12:00 am

A bill that has occupied lawyers for a full decade might have been a mere blip in the state’s long legislative history had Nick Wilson, the powerful and ultimately disgraced state senator from Pocahontas, not been so eager to get to the horse races on one particular day in February 1995.

15 Years Later, Shocking Markle Murder-Suicide Case Fades From View

by Gwen Moritz 3/31/2014 12:00 am

But as the 15th anniversary of the deaths of John, Christina, Amy and Suzanne Markle nears, the only lingering attention comes from a handful of conspiracy theorists who insinuate — but never quite allege — that Bill Clinton or Jack and Witt Stephens may have been involved in the annihilation of the prosperous Little Rock family.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

M. David Howell’s Debts May Total $60 Million

by Gwen Moritz 3/31/2014 12:00 am

M. David Howell, the former bank CEO in Little Rock and Fayetteville who died in a Beverly Hills hotel on Oct. 23, may have received $60 million or more from investors to whom he promised exorbitant returns, sources have told Arkansas Business.

10 Years After the War: Is the Arkansas Democrat-Gazette Really ‘The Best of Both’?

by Lance Turner 3/31/2014 12:00 am

On Oct. 19, 1991, the newly christened Arkansas Democrat-Gazette landed on doorsteps and in the newspaper boxes of the state’s new media landscape. Having whipped its nemesis, the Democrat-Gazette pushed ahead, working to take in advertising dollars left homeless when the Gazette collapsed and selling the mantra, “The Best of Both.”

1979 Crash Hurried Magic Mart’s End

by Jack Whitsett 3/31/2014 12:00 am

It’s easy to forget now, but Wal-Mart wasn’t always the dominant discount retailer in the world. As late as 1979, the Bentonville chain arguably wasn’t even the dominant Arkansas discounter. That effectively changed the morning of Friday, Dec. 21, 1979, when a Cessna 421 twin-engine plane carrying three vice presidents of Sterling Stores Inc. slammed into a fog-covered hill 4 miles southwest of Locust Grove, near Batesville.

Despite Name, Arkansas Casino Corp. Operator Closely Tied to Texas, Idaho

by Michael Whiteley and Mark Friedman 3/31/2014 12:00 am

As an officer of Arkansas Casino Corp., the Dallas civil trial attorney feared that what happened in 1998 would happen again. That year, the company failed to round up enough signatures to put an initiative before the voters that would allow it to operate six casinos in Arkansas as well as pave the way for a state-run lottery and legalize charitable bingo.

Who is Melanie Steele... And Why Is She Buying All This Stuff?

by Gwen Moritz 3/31/2014 12:00 am

Since the beginning of the year, Melanie Steele has paid $1 million for a home in Chenal Valley; $385,000 for a house in Canal Pointe and $92,000 for the lot next door; $357,500 for a house in the Lakewood section of North Little Rock; and $80,000 for a house that she then moved off its lot in Indian Hills. All in cash.

International Swindle Guts Old Southwest

by Michael Whiteley 3/31/2014 12:00 am

A sham transfer gutted the reserves of the four-decades-old Old Southwest of Jacksonville and made Arkansas a minor player in a scandal that has broadened to include $350 million in missing insurance assets, ensnared Catholic charities tied to the Vatican and spawned an international manhunt.

Harvey & Bernice Jones Trust ‘Frost’ Bitten?

by John Haman 3/31/2014 12:00 am

H.G. “Jack” Frost Jr. was only a part-time employee of the Harvey and Bernice Jones Charitable Trust 1 in his position as trustee, but in fiscal year 1994 his salary tripled, giving him an annual compensation package of more than $350,000 in salary and consultation fees.

6-Inch Error in Laying Concrete Puts Alltel Arena Project Behind Schedule

by David Smith 3/31/2014 12:00 am

Construction on Alltel Arena is more than a month behind schedule because of an error in geometric calculations by the concrete contractor, the senior project manager for the $53 million construction job says.

Kidnapped! Johnny Allison Describes Shocking Incident That Changed His Life

by John Haman and David Smith 3/31/2014 12:00 am

Johnny Allison, the manufactured-home magnate who apparently was kidnapped June 5 by escaped convict James Avery Slack and escaped by crashing his car into a dump truck, spoke to Arkansas Business about the ordeal after returning home to Conway last week.

Oily Deals: Pattern Emerging in Questionable Arkoma Gas Transactions

by Wythe Walker Jr. and David F. Kern 3/31/2014 12:00 am

Jerry Jones has always pleaded innocent in the controversial 1982 Arkla-Arkoma gas deal, a deal worth at least $174.8 million when the final numbers were tallied last fall. This January, a ratepayers’ class-action suit declared the deal an insider’s rip-off for Arkansas gas consumers who got stuck with an $80 million overcharge bill that went straight into Jones’ bulging bank account.