Tagged: steele stephens

Russellville Financial Adviser David Crain Fined $5,000

by Gwen Moritz 8/11/2014 2:54 pm

W. David Crain, a former representative of St. Bernard Financial Services of Russellville, has agreed to a $5,000 fine and more than $4,100 in restitution for his handling of a widow's account.

Securities Department, Crain Clash Over Post-Shoffner Subpoena

by Arkansas Business Staff 5/5/2014 12:00 am

You may know that the Arkansas Securities Department is after W. David Crain, a CPA who worked for St. Bernard Financial Services Inc., the Russellville firm under fire for employing Steele Stephens, a broker who bribed former state treasurer Martha Shoffner.

Lawyers for Martha Shoffner Continue Pushing for Acquittal

by Associated Press 4/7/2014 10:40 am

Lawyers for former Arkansas treasurer Martha Shoffner say prosecutors failed to show Shoffner was paid with any business funds as her legal team continues pushing for her acquittal on 14 bribery and extortion charges.

Securities Department Goes After Firm That Did Business With Martha Shoffner's Office

by Gwen Moritz 3/11/2014 9:06 am

Robert Keenan, CEO of St. Bernard Financial Services, says the state Securities Department is retaliating for an ethics complaint he filed against Heath Abshure, although he was given notice of the department's plans before he filed the complaint.

Steele Stephens: Gave Payments, Received $2.5M in State Commissions

by Associated Press 3/10/2014 6:25 pm

A broker who says he gave $36,000 to Arkansas' former treasurer to help her during a rough patch testified at her federal corruption trial Monday that he received around $2.5 million in commissions for business he did for the state.

Steele Stephens: Martha Shoffner Took $6K at Arkansas Capitol

by Chuck Bartels, The Associated Press 3/7/2014 11:33 am

A broker who handled a large share of Arkansas' bond business says he gave the state's former treasurer $6,000 at her Capitol office because she needed help through a rough patch in her life.

Witnesses Portray Martha Shoffner As Cranky, Demanding

by Chuck Bartels, The Associated Press 3/7/2014 8:30 am

Federal prosecutors drew testimony Thursday from current and former Arkansas treasurer's office employees about how the state missed profit opportunities by selling bonds early and angry outbursts by former Treasurer Martha Shoffner, who is accused of illegally accepting $36,000 from a bond dealer.

Witness Testimony Begins in Martha Shoffner Trial

by Associated Press 3/6/2014 11:28 am

The first witness in the federal bribery trial of former Arkansas treasurer Martha Shoffner told jurors about the particulars of how state bond trades are made.

Defense Reveals Broker's Name in Martha Shoffner Trial

by Associated Press 3/5/2014 2:36 pm

The defense attorney for former Arkansas treasurer Martha Shoffner has revealed the name of the bond broker who has immunity to testify in Shoffner's federal bribery trial.

Martha Shoffner Pleads Not Guilty to New Mail Fraud Counts

by Gwen Moritz 2/27/2014 10:37 am

Former State Treasurer Martha Shoffner pleaded not guilty Thursday morning to 10 counts of mail fraud, charges that were added earlier this month to a pending indictment for bribery and extortion.

Housing Woes Plagued Cash-Strapped Martha Shoffner

by George Waldon 6/3/2013 12:00 am

Official corruption is generally associated with a desire for personal enrichment. But in the case of Martha Shoffner, the payoffs were small and, according to the FBI, driven primarily by housing concerns.

A Cut-Rate Parasite (Gwen Moritz Editor's Note)

by Gwen Moritz 5/27/2013 12:00 am

Hollywood couldn't dream up a scandal like the one that has culminated in the indictment of Martha Shoffner, who resigned as Arkansas Treasurer last week. Or maybe, Hollywood already has.

Arkansas Times: Sources Say Martha Shoffner Source Is Steele Stephens

by Lance Turner 5/21/2013 10:27 am

Last night on THV 11 News, Arkansas Business editor Gwen Moritz told our news partner that "confidential human source 1" in the criminal complaint against Arkansas Treasurer Martha Shoffner could really only be one person, broker Steele Stephens.