Friday night line: Ponzi scheme news | Arkansas Blog

Friday, January 3, 2014

Friday night line: Ponzi scheme news

Posted By on Fri, Jan 3, 2014 at 4:34 PM

The Friday night line is open. Final notes:

* CLARKSVILLE RESIDENTS FIGURE IN PONZI SCHEME CHARGES: Arkansas Business reports on a federal case in North Carolina in which a Clarksville woman and her stepson are expected to plead guilty to participating in a Ponzi scheme in which a million investors might have invested $900 million. They are expected to make millions in restitution in a civil case.

* HOUSE DEMOCRATS: DARR MUST GO: The House Democratic Caucus has issued a formal statement that they will attempt to impeach Lt. Gov. Mark Darr in the fiscal session if he doesn't resign for misspending state and campaign money. That's all well and good. But they can't get a majority for impeachment in the House without Republican support. Removal by trial in the Senate would take still more Republicans because a two-thirds vote is necessary. Not to worry. I predict he'll be gone by next week, after a couple of days as governor while Mike Beebe goes bowling with the Red Wolves. Maybe he could order up some stationery to remember those historic days.

* THE BOOK ON GUS MALZAHN: Huge piece at ESPN on Gus Malzahn, heading to the football championship game with Auburn. Opens with cameo from Mitch Mustain. The high schools and the Nutt years all figure.

* HOMICIDE ARREST: The Little Rock police said Jamar Jordan surrendered to police today as a suspect in the Christmas Eve shooting death of Austin Burks on Adams Street.

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