Wednesday, July 2, 2014

Mount Ida man gets 60-month plea deal in fraud scheme

Posted By on Wed, Jul 2, 2014 at 4:32 PM

click to enlarge STEVEN STANDRIDGE - ARKANSAS BUSINESS
  • Arkansas Business
  • STEVEN STANDRIDGE
The U.S. attorney's office has announced that Steven Standridge, 57, of Mount Ida had pleaded guilty to wire fraud and money laundering and would receive 60 months in prison. The sentence could be reduced further if he repays 80 percent of the $7 million defrauded from victims.

Here's the U.S. attorney release.

And here's some earlier Arkansas Business reporting on the case.

Standridge, who owned independent insurance agencies, was charged with borrowing money from friends and Arkansas banks, purportedly to buy other insurance agencies, but used the money for other purposes. Two men with whom he'd done business pleaded guilty earlier to helping him in the schemes.

Tags: , ,

Favorite

Speaking of Steven Standridge, wire Fraud

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

Readers also liked…

  • Farewell to a school teacher, Susan Turner Purvis

    A tribute to a great school teacher, Susan Turner Purvis, who died yesterday. Far too soon.
    • Jul 17, 2015
  • Lawsuit filed over settlement in forum-shopping class action case

    The lawyers facing disciplinary action by federal Judge P.K. Holmes in Fort Smith over their settlement of a class action lawsuit against the USAA insurance company have a new legal headache.
    • Jun 21, 2016
  • Matt Campbell files ethics complaint against Dennis Milligan

    Little Rock attorney and blogger Matt Campbell, whose knack for deep research brought down Mark Darr, Mike Maggio and Dexter Suggs, now has his sights trained on another worthy target. Today, he filed a 113-page ethics complaint against state Treasurer Dennis Milligan that includes 14 separate allegations.
    • Aug 20, 2015

Most Shared

Visit Arkansas

"Locally Labeled" passport expands to accommodate booming brew scene

"Locally Labeled" passport expands to accommodate booming brew scene

As if great beer weren't reward enough, you can earn prizes for sampling local craft beverages

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation