Dana Washburn
Dana Washburn, the ex-convict from Rogers, is being dragged into federal court again, this time over allegations of defaulting on a $600,000 loan.
Washburn, if you recall, is the property manager and executive recruiter who admitted defrauding IberiaBank Corp. out of almost $3.6 million in 2008 by falsifying collateral.
She was released from her 41-month prison sentence in July. She was ordered to pay $3.58 million in restitution, but court records don’t indicate if she had paid that amount.
The U.S. District Clerk’s Office for the Eastern District of Arkansas said it couldn’t release payment information without the authorization of a judge, and that approval wasn’t immediately available.
Anyway, Washburn’s new legal trouble, filed last week in U.S. District Court in Fayetteville, dates back to the time when she was ripping off IberiaBank.
The bank sued Washburn, her husband, former Wal-Mart executive Colon Washburn, and their company, Beau Chene Farms Inc. of Rogers, for defaulting on a $610,572 loan that was taken out in 2008.
The loan was in the name of Beau Chene, but the Washburns had personally guaranteed it.
The bank sent a letter to Beau Chene in February, saying that the loan was in default and payment should be made within 10 days.
But Beau Chene didn’t pay, so the lawsuit was filed, the complaint said.
As of April 7, $600,000 was owed and the bank is seeking that amount plus the usual court costs and attorneys’ fees.
We couldn’t reach the Washburns for comment, and they had not responded to the lawsuit as of Thursday.
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