
David Henry's west Little Rock house will be offered for sale at an auction on Sept. 4.
It looks like things can’t get much worse for the disgraced lawyer David Henry Sr. of Little Rock.
As you know, the 71-year-old was recently sentenced to five years in federal prison for mail fraud and tax evasion. He also will have to pay $1.02 million in restitution, with $862,000 going to the Joe Thomas Swaffar Irrevocable Insurance Trust and $159,000 to the IRS.
When he gets out of prison, he’ll have spend two more of his golden years on probation.
As part of the sentencing, Henry finally agreed to forfeit his west Little Rock home, which he had fought tooth and nail to keep.
His 4,530-SF, two-story home will be sold on the steps of the Pulaski County Courthouse on Thursday.
If you recall, Henry’s victims who were connected to the Swaffar Trust sued Henry in 2009 for stealing the trust’s money while Henry served as its trustee. The trust ended up with a $1 million judgment against Henry, which he didn’t bother to pay.
Instead, the beneficiaries of the Swaffar Trust, Sandra Carol Swaffar and her daughters, Ashley Brook Swaffar and Rhonda Swaffar, discovered that Henry used the money to pay off his home in an attempt to make himself judgment-proof.
The Swaffars sued in 2013 in Pulaski County Circuit Court to have Henry’s home transferred to them.
Henry then had the chutzpah to file a counterclaim against the Swaffars and accused them of filing the lawsuit “in bad faith for the sole purpose of interfering with” his banking relationship and contracts.
And to further stall the proceedings, Henry filed for bankruptcy protection earlier this year. He listed $200,000 in assets and $1.2 million in debt. But that case was kicked out of bankruptcy court a few weeks later because Henry didn’t bother to pay the filing fees.
We reached Henry at home last week and he didn’t sound happy.
“I’ll tell you what, I’ve read about what y’all have printed in the Arkansas Business, I don’t have any comment,” he said.
He said that “tons of stuff” needed to be corrected, but he wasn’t specific about any errors.
“I don’t have any interest in it anymore,” Henry said.
He is scheduled to report to federal prison on Oct. 15.