Shoffner's broker friend revealed in open court | Arkansas Blog

Wednesday, March 5, 2014

Shoffner's broker friend revealed in open court

Posted By on Wed, Mar 5, 2014 at 1:52 PM

IN COURT TODAY: Shoffner and attorney Chuck Banks. - FILE PHOTO
  • File photo
  • IN COURT TODAY: Shoffner and attorney Chuck Banks.
The trial of former Arkansas Treasurer Martha Shoffner begins with pre-trial motions and jury selection today in federal court in Little Rock. 

AP reports that defense attorney Chuck Banks asked today for any immunity letter given Steele Stephens, the broker who was wired when delivering cash to Shoffner at her Newport home. She is charged with favoring Stephens with bond business in return for such gratuities. The Arkansas Blog reported Stephens was the cooperating witness 10 months ago, but this was the first time he's been identified in an official forum. The government says no immunity letter has been prepared.

The Arkansas Blog reported in October 2011 that Stephens enjoyed a significant portion of the treasurer's bond business. This was before a legislative audit of Shoffner's office, an audit that turned up no wrongdoing but some questions about the wisdom of some of her investment practices. The scrutiny didn't deter the Shoffner-Steele friendship, which culminated with his reported delivery of $6,000 to Shoffner in a pie box in May 2013. FBI agents were sitting outside during the delivery.


Tags: , , , , , ,

From the ArkTimes store

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

Readers also liked…

  • IHOP coming down, but .....

    I always scan the Little Rock City Board for items of interest this week and this one caught my eye: A zoning measure required by a proposal to tear down the IHOP at Markham and University.
    • Apr 30, 2016
  • Hospitality, restaurant groups oppose bathroom bill

    Add the restaurant and hospitality association to those opposed to Sen. Linda Collins-Smith's bill to keep transgender people out of public restrooms that match their gender identity.
    • Mar 16, 2017
  • John Goodson and others add lawyers for hearing on forum shopping

    Lawyers facing federal court sanctions for forum shopping a class action insurance case have brought in new legal guns from out of state to fight potential sanctions.
    • May 26, 2016

Most Shared

Most Recent Comments

  • Re: The Truth is Out There Open Line

    • Here's how one person responded to the CDC 7 words-- "As a proud transgender American…

    • on December 17, 2017
  • Re: Campus carry rules approved

    • Pscyclepath, I read Kate's comment "has yet stopped" as meaning "has not prevented" a mass…

    • on December 16, 2017
  • Re: The Truth is Out There Open Line

    • Great cold open on SNL with Trump, Kelly Ann, Sarah Shuckabee Sanders, Ivanka, the Trump…

    • on December 16, 2017

Blogroll

 

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