Once the largest stockholder in the Little Rock bank, Quinn claims O’Brien contributed to his financial difficulties and pushed him out of Heartland. His complaint alleges breach of fiduciary duty and fraud.
A former business partner has alleged under oath that he and others served as straw borrowers so that Walter Quinn of Little Rock could access money from Heartland Bank, where Quinn was a director and its leading shareholder.
Not many people know that John Rogers was a millionaire real estate investor before he began serious work building his sports memorabilia and photo empire in North Little Rock. That’s because he wasn’t. It’s a big, fat lie.
Heartland Bank of Little Rock enters a written agreement with the Federal Reserve a day after emerging as a creditor to a hedge fund that federal prosecutors have described as "Ponzi-esque." Heartland and its lead shareholder, Walter Quinn, have suffered from the collapse of the oil and gas industry.