Martha Shoffner
Right Goal, Wrong Path (Gwen Moritz Editor’s Note)
We didn’t know then — how could we? — that Dr. Ben Burris put then-state Sen. Jeremy Hutchinson on a $5,000-a-month retainer to champion Burris’ orthodontic agenda. That, needless to say, is not how representative democracy is supposed to work, even if the goal is worthy. read more >
by Gwen Moritz -
Senator A’s Best Case (Gwen Moritz Editor’s Note)
Is it possible that Rusty Cranford believed he was bribing Jeremy Hutchinson for legislative actions, but Hutchinson thought he was being paid only for legal work? read more >
by Gwen Moritz -
The One-Way Test (Gwen Moritz Editor’s Note)
At virtually every meeting, Rotarians recite “The Four-Way Test of the Things We Think, Say or Do,” but I keep my mouth shut. I’m fine with the first two — Is it the truth? Is it fair to all concerned? — because those are my personal and professional goals at all times. But the parts about building goodwill and friendship and being beneficial to all concerned — well, the things I’m paid to think, say and do don’t always pass those tests. read more >
by Gwen Moritz -
Martha Shoffner Ready To Report to Prison
The former state treasurer, convicted in March 2014 of six counts of extortion, one count of attempted extortion and seven counts of bribery, is scheduled to begin her 30-month sentence in federal prison next Monday. read more >
At the Martha Shoffner Sentencing, Questions Over ‘Benefit,’ Jurisdiction
Prosecutors scored point after point Friday, but U.S. District Judge Leon Holmes sentenced former State Treasurer Martha Shoffner to 30 months in federal prison — less than half the time that the U.S. Attorney's office sought. read more >
by Gwen Moritz -
Update: Judge Sentences Martha Shoffner to 30 Months in Prison
U.S. District Court Judge Leon Holmes on Friday sentenced former Arkansas Treasurer Martha Shoffner to 30 months in federal prison, followed by two years of supervised release. read more >
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Securities Department Seeks Steele Stephens Fine Payment
The Arkansas Securities Department has filed a complaint against Steele Stephens, stating he has not yet paid a $20,000 fine that was ordered in May. read more >
by Sean Beherec -
Consent Order Imposes $25k Fine on St. Bernard
St. Bernard Financial Services Inc. of Russellville will pay a $25,000 fine to the Arkansas Securities Department for failing to properly supervise broker Steele Stephens. read more >
The Top 10 Business Stories of 2014
Politics, white-collar crime, banking acquisitions, Turner Grain and more. Arkansas Business recaps the top 10 stories from the year that was 2014. read more >
Hearing Officer Appointed in Steele Stephens, Robert Keenan Cases
Arkansas Securities Commissioner A. Heath Abshure said Tuesday that he has appointed Jack Pruniski of Hilburn Calhoon Harper Pruniski & Calhoun of Little Rock as hearing officer in the cases of Steele Stephens and Robert Keenan. read more >
by Lance Turner -
US Attorney Files to Dismiss Mail Fraud Charges Against Martha Shoffner
U.S. Attorney Chris Thyer of the Eastern District of Arkansas says his office has filed a motion to dismiss the mail fraud charges against former Arkansas Treasurer Martha Shoffner. read more >
by Gwen Moritz -
Steele Stephens Could Still Face Fines over Shoffner Bribes
Federal prosecutors gave Steele Stephens immunity from prosecution and let him keep the millions in bond sales commissions he received from the business relationship that resulted in the criminal conviction of former state Treasurer Martha Shoffner. read more >
Guilty Plea Rejected, Martha Shoffner’s Trial Set for February
A federal judge on Monday rejected Martha Shoffner's plea of guilty to a single count of mail fraud because the former state treasurer could not admit that she raised campaign funds with the intention of spending the money on personal expenses. read more >
by Gwen Moritz -
Russellville Financial Adviser David Crain Fined $5,000
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. read more >
by Gwen Moritz -
Securities Department, Crain Clash Over Post-Shoffner Subpoena
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. read more >
French Hill Criticized in GOP Debate Over Donation
Republican congressional hopeful French Hill fended off criticism during a debate Saturday as his two rivals highlighted the Little Rock banking executive's donation to a former Democratic state treasurer's campaign and his support of a local sales tax measure. read more >
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Judge Rules Martha Shoffner Corruption Conviction Will Stand
A federal judge has upheld the corruption conviction of Arkansas' former treasurer, rejecting her request to have the case heard by state authorities. read more >
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You’re Not the Boss of Me (Gwen Moritz Editor’s Note)
It does seem to me that having leadership skills is one of those areas in which women still have to be better than men in order to be recognized, because men can still get away with demanding followership without immediately being written off as bossy. read more >
by Gwen Moritz -
Jurors Deliberate in Martha Shoffner Corruption Case
Prosecutors and defense lawyers agreed Tuesday that a former Arkansas treasurer shouldn't have accepted $36,000 from a bond dealer who did business with the state but differed on whether she committed a federal crime. read more >
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Securities Department Goes After Firm That Did Business With Martha Shoffner’s Office
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. read more >
by Gwen Moritz -