Richard Torti
Feds Ask To Sell One Bank & Trust
A change of ownership is in motion for Little Rock’s One Bank & Trust. The U.S. government has asked for a court-ordered stock sale of controlling interest in the $305 million-asset bank. read more >
by George Waldon -
Scooter Stuart’s Fall Still Feeds Litigation
Only a handful of lawsuits that erupted from the upheaval at One Bank & Trust continue to wind through the court system. read more >
by George Waldon -
BHL Makes Claim Against OneFinancial on Maumelle Office Building
Johnelle Hunt, through BHL Financing LLC, filed a lien on the Parker Building in Maumelle in connection with a default judgment of $14.7 million against OneFinancial, the holding company of One Bank & Trust. read more >
John Hancock Insurance Loan to Scooter Stuart Gains New Life in Lawsuit
Layton "Scooter" Stuart received a $20 million life insurance policy with his family trusts as the beneficiaries. His alleged abuse of the trusts and his borrowing privileges on the policy are the basis of a federal lawsuit headed for trial in February. read more >
by George Waldon -
Federal Prosecutors Sue Scooter Stuart’s Estate, Family Trusts
The lawsuit is the latest in a cascade of civil and criminal cases alleging widespread and long-term fraud by Stuart and other executives of One Bank & Trust and its holding company. read more >
by Gwen Moritz -
Court Appoints Former LR Mayor Special Administrator in Scooter Stuart Case
Tom Prince, former Little Rock mayor, has entered the fray between Little Rock’s One Bank & Trust and the estate of its former controlling owner and CEO, Layton “Scooter” Stuart. read more >
by George Waldon -
One Bank Makes Claim on Branch Property Titled to Scooter Stuart Partnership
A lawsuit challenges who owns the OneBanc branch at 14711 Cantrell Road in west Little Rock. Real estate records indicate a general partnership called Bank Partners. One Bank & Trust claims it is the rightful owner. read more >
Scooter Stuart’s Tainted Assets Draw More Fire
This year’s number of new lawsuits surrounding the controversial business affairs of the late Layton “Scooter” Stuart indicates the rancor is only growing. read more >
by George Waldon -
One Bank Close to $3M Payday From Scooter Stuart Account
The U.S. government is on the brink of releasing more than $3 million seized from a life insurance payout after the death of Layton "Scooter" Stuart. read more >
by George Waldon -
One Bank, Dick Torti Reach Deal on Dual Role in Scooter Stuart Case
Officials at the $386.4 million-asset bank agreed not to challenge Torti’s dual role as executor of Layton “Scooter” Stuart’s estate and trustee of the Stuart family trust. read more >
Richard Torti Fights Layton Stuart Battle on Two Legal Fronts, County and Federal
Richard Torti is engaged on two legal fronts in Little Rock, county and federal to exercise his authority as a trustee and executor for the Stuart family and extricate money from federal authorities. read more >
by George Waldon -
Johnelle Hunt Group Stakes Claim on Portion of Scooter Stuart Assets
Another party has entered the courtroom regarding a claim on assets seized from the late Little Rock banker Layton “Scooter” Stuart. BHL Financing LLC, led by Johnelle Hunt, filed a claim for $15.2 million owed on three delinquent promissory notes. read more >
Estate of Layton Stuart Still in Dispute Across Two Courtrooms
The legal tug of war over assets associated with the late owner of Little Rock’s One Bank & Trust continues in state and federal court. read more >
Stuart Family Files Emergency Petition as Hickory Creek Home Heads Back to One Bank
Richard Torti, trustee of the Stuart Family 1997 Trust, requested the release of $1.5 million seized by the government in its forfeiture action against the former chairman, president and CEO of One Bank & Trust. Torti argues that the nearly $17.7 million seized by the government exceeds its financial claims against Stuart by at least $4 million. The lion’s share of that money is from a life insurance policy on Stuart, who died March 26. read more >
One Bank’s Scooter Stuart Thought He Knew Who Blew the Whistle
Before he died on March 26, Layton “Scooter” Stuart told Arkansas Business that he thought he knew who had stirred up trouble for him with the chief federal regulators of his One Bank & Trust: Michael Heald and Tom Ricciardone. read more >
by George Waldon -