Favorite

Lu Hardin's punishing walk 

The former UCA head pleads to wire fraud and money laundering.

Lu Hardin made a punishing walk in front of photographers into federal court Monday morning with his wife and son. Minutes later, he pleaded guilty to wire fraud and money laundering in a scheme to accelerate payment of a $300,000 bonus voted him by the University of Central Arkansas Board of Trustees.

The rest of the story comes when he is sentenced. Hardin and his attorney, Chuck Banks, both seemed to hold out hope this week that he'll escape jail time for felonies that could carry up to 30 years in prison.

He has no prior record. He made restitution long ago of money received fraudulently. His case file will bulge eventually with testimonials to Hardin's past good works, his acceptance of responsibility, the pain he's suffered.

By sentencing, too, full details should be revealed of the reported gambling addiction that drove him into personal debt. Sources say he was desperate for money to meet the demands from Mississippi casinos for payment on the markers he'd signed. Hardin has not yet talked publicly about it, but these sources have told me of spotting him frequently in the Tunica casinos, sometimes wearing sunglasses. Friends tell me he favored the expensive slot machines, up to $100 a pull. The "whales" who play such machines are catered to by casinos, sometimes with private rooms for their sport, always with many attendants on hand.

The jingling slot was a financial death vise. Hardin had to deplete his retirement fund to make payments. He drew on credit lines at several banks. The full extent of his losses isn't known, but they must have been huge. He retains a state pension, but likely not much else.

It is a sad story for someone whose charm was legendary. But, at the bar of justice, he should receive no more consideration than the crackhead who stole a Social Security check to feed a damaging habit. A person in a position of public trust might even deserve a harder look.

I don't know. But I do think the court will have to think of Lu Hardin as more than the victim of a vice who ultimately caused no public monetary loss in the specific case.

As president of UCA, he forged two documents to get the money. He instructed an employee to destroy the evidence. He drew the money from illegal public sources. He was not charged, despite an ongoing investigation, in a scheme in which he seems to have participated in a way to peel off money from a school advertising contract to illegally fatten the paycheck of the UCA football coach.

There's much more in this considered life. Hardin favored students with political connections with comparatively plush campus housing. He managed the campus so poorly he dug a financial hole from which it is not yet fully extricated. He spent lavishly on advertising meant to build his own brand for a run for governor as much as it built the UCA brand. He pumped enrollment by any means, including a concurrent enrollment deal with high schools that other universities had long questioned.

Critics were seen as merely jealous. When the financial problems surfaced, Hardin's supporters tended to dismiss them as pains from unparalleled go-go growth. Hardin was a risk-taker, no doubt, and not always in a bad way. He supported college for undocumented immigrants with good high school records. He provided the seed money to save the Oxford American.

Few people are one-dimensional. There will be much to consider when Lu Hardin's sentence is pronounced by a federal judge. A lot of it will be good. A lot of it won't.

Favorite

From the ArkTimes store

Speaking of...

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

  • Finalists announced for next chancellor of UAMS

    Univesity of Arkansas System President Donald Bobbitt has announced two finalists — from North Carolina and Texas — to succeed the retiring Dan Rahn as chancellor of the University of Arkansas for Medical Sciences.
    • Jun 29, 2017
  • Presidential? No. But that's what his voters wanted, right?

    Donald Trump went nuts on Twitter this morning, slamming the hosts of "Morning Joe," including a reference to a supposedly "bleeding" Mika Brzezinski.
    • Jun 29, 2017
  • How bad are Trump's judges? A Little Rock native illustrates

    Little Rock native John Bush, hoping to save his appointment to a federal judgeship, is avoiding questions about or sometimes repudiating outrageous things he's said on a blog he and his equally conservative wife write. It's an illustration of how bad Donald Trump's judicial appointments have and are going to be.
    • Jun 29, 2017
  • More »

Readers also liked…

  • Neighborliness, in Little Rock and beyond

    I had a parochial topic in mind this week — a surprise plan by Mayor Mark Stodola to address the Arkansas Arts Center's many needs.
    • Nov 19, 2015
  • Bootstraps for me, not thee

    Mean spirit, hypocrisy and misinformation abound among the rump minority threatening to wreck state government rather than allow passage of the state Medicaid appropriation if it continues to include the Obamacare-funded expansion of health insurance coverage for working poor.
    • Apr 14, 2016
  • Trump: The Obama of 2016?

    Conner Eldridge, the Democratic challenger to incumbent Republican U.S. Sen. John Boozman, launched an assault on Boozman Monday morning rich with irony and opportunity.
    • May 5, 2016

Most Shared

Latest in Max Brantley

  • Double-talk

    A couple of instances of doublespeak cropped up in Little Rock over the weekend.
    • Jun 29, 2017
  • A tax for NLR

    North Little Rock Mayor Joe Smith pitched me this week on a city sales tax increase. If still a resident, I'd be favorably inclined.
    • Jun 15, 2017
  • Separate and unequal

    Faced with a solid recommendation by a panel of state employees to revoke the charter of Covenant Keepers charter school in Southwest Little Rock, the state Board of Education voted again last week to forgive the school's poor academic and financial record.
    • Jun 8, 2017
  • More »

Event Calendar

« »

June

S M T W T F S
  1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30  

Most Viewed

  • Gun politics

    "You came through for me, and I am going to come through for you." Despite that promise by President Trump at the National Rifle Association's annual convention in April, the days ahead are going to produce challenges for the gun rights lobby.
  • Blaming Obama

    A couple of months ago, on May 10, President Trump invited two Russian diplomats into the White House to celebrate his firing of FBI Director James Comey.
  • Double-talk

    A couple of instances of doublespeak cropped up in Little Rock over the weekend.

Most Recent Comments

  • Re: Blaming Obama

    • Oh, it gets so tedious. There was no Russian hacking - or not any more…

    • on June 28, 2017
  • Re: A failed experiment

    • Most interesting experiment just occurred inside Target in Chicago.... Having to stop off to get…

    • on June 27, 2017
  • Re: Cops and juries

    • P.S. The little boy's name is Devon Quinn - he lives in Chicago - if…

    • on June 27, 2017
 

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