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Stephen Parks

1616 Brookwood Dr. in Little Rock, as it appeared in 2012.
Banking & Finance / Business Services / Real Estate

Forfeited Property Sold for $1M

AOR LLC, led by John Starling of JTS Financial Services of Little Rock, has purchased a 21,256-SF office building in Little Rock. read more >
King Coal LLC, led by Steve Parks, will be setting up shop in new digs at 1616 Brookwood Drive in Little Rock. The move comes after another Parks-led venture, King Coal Holdings, bought the property in May for $850,000 cash. 
Banking & Finance / Energy / Insurance

Stephen Parks’ Failed Attempt to Become a Coal King

2013 was supposed to be a banner year for Little Rock businessman Stephen K. Parks’ coal businesses, but things were falling apart even before the year arrived. read more >
Steve Parks
Energy / Government & Politics / Investments

Stephen K. Parks’ Coal Tax-Credit Scam a Deep, Dark Pit

Pleading guilty to a coal tax-credit scheme and entering federal prison last year didn’t settle the legal issues surrounding Little Rock businessman Stephen K. Parks. read more >
Steve Parks
Energy / Government & Politics / Legal

After Sentencing, Parks Drops Suit Against Feds

Stephen Parks recently dropped his lawsuit against the IRS agents who, way back in 2012, raided his Heights neighborhood home and the Little Rock corporate headquarters of his business, King Coal LLC. read more >
Steve Parks
Energy / Investments / Legal

Steve Parks Sentenced to 27 Months for Tax Credit Fraud

Stephen K. Parks of Little Rock was sentenced Wednesday to 27 months in prison and ordered to pay $845,000 in restitution to the IRS. read more >
Legal

King Coal CEO Stephen Parks Pleads Guilty to Wire Fraud

King Coal CEO Stephen L. Parks of Little Rock has waived indictment and pleaded guilty to one count of wire fraud relating to a fraudulent investment scheme. read more >
King Coal LLC in Little Rock faced a search-and-seizure warrant. | (Photo by Michael Pirnique)
Legal

King Coal Investigation Heating Up; FBI Executes New Search Warrant

The federal criminal investigation of King Coal LLC is apparently heating up again: A search-and-seizure warrant was executed Wednesday at the company's offices in Little Rock's Riverdale area, the FBI confirmed. read more >
These properties in Rogers were seized from Jim Bolt, who bought them for nearly $1 million in 2013 with money allegedly  fraudulently received. Bolt forfeited Situs Cancer Research Center (bottom), where he claimed to be “clinical research director,” to help pay $2.5 million in restitution.
Business Services / Government & Politics / Legal

Federal Agents Make More Use Of Seizure Powers

Government seizures of money and property are on the rise. Critics say the government taking property from people who haven't been charged with a crime is a problem. read more >