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

  • The assault on Obamacare begins

    Donald Trump Friday night signed an executive order directing government to scale back Obamacare to the extent possible. Though the signing was mostly symbolic, it likely has implications for Arkansas.
    • Jan 21, 2017
  • Two dead in North Little Rock shooting

    two people were fatally wounded about 9 p.m. Friday in a home in the 1400 block of Division Street, North Little Rock.
    • Jan 21, 2017
  • 2nd Amendment meets the 1st in Fayetteville on campus carry

    They've had a forum in Fayetteville today on Rep. Charlie Collins' fervent desire to force more pistol-packing people onto the campus at the University of Arkansas (and every other college in Arkansas.) He got an earful from opponents.
    • Jan 20, 2017
  • More »

Readers also liked…

Most Shared

  • Sarah Huckabee Sanders to be deputy White House press secretary

    Donald Trump announced additional White House staff today, notably including Sarah Huckabee Sanders, deputy assistant to the president and principal deputy press secretary.
  • Legislation filed for $10 million school voucher program

    The legislation to vastly expand transfer of state tax dollars to private schools came before the school choice day event I mentioned earlier.
  • Watch the trailer for 'Shelter,' the Renaud Bros. new doc on homeless kids in New Orleans

    Check out the trailer for "Shelter," the Renaud Bros. new feature-length documentary about homeless teens navigating life on the streets of New Orleans with the help of Covenant House, the longstanding French Quarter shelter for homeless kids.
  • Trumpeting

    When President-elect Trump announced he would, in a few days, force Congress to enact comprehensive health insurance for everyone, poor or rich, that would provide better and cheaper care than they've ever gotten, you had to wonder whether this guy is a miracle worker or a fool.
  • Putin and Trump

    Here's a thought exercise: What do you suppose would happen if Russian strongman Vladimir Putin decided to clarify remarks he reportedly made about Donald Trump during the election campaign?

Visit Arkansas

1.73-carat diamond found at Crater of Diamonds State Park

1.73-carat diamond found at Crater of Diamonds State Park

Jack Pearadin and Doug Nelsen found a 1.73-carat diamond after nearly a year of searching the park's field.

Most Viewed

  • Milligan aide: "Gay jokes are back on ya bunch of homos!"

    Hunter Hatcher, who started as Outreach Coordinator for the Treasurer's office under Dennis Milligan in 2015, took to social media to explain how things will be different in Trump's America (Hatcher is currently on leave from the state job but slated to return in December).

Most Recent Comments

  • Re: Donald Trump breaks promise, will not release tax returns

    • "I'd bet my last $10 on it. But here's the deal: We'll see Trump's tax…

    • on January 22, 2017
  • Re: Open Line

    • Boss Tweed paid HIS lackeys on time. "Even the firm that hired actors to cheer…

    • on January 22, 2017
  • Re: Open Line

    • If you want to see traitor trumps plan for lower health insurance look at OSCAR'S…

    • on January 22, 2017

Blogroll

 

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