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Business magazine on the Arkansas business community, covering people and recent news events statewide.
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Arkansas Business back issues
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Arkansans battle Morgan Keegan: angry investors fight to recover millions in losses.
June 15, 2009... [ILLUSTRATION OMITTED]
ARKANSAS INVESTORS WHO lost more than $2.5 million after investing in Regions Morgan Keegan high-yield bond funds are fighting, with varying degrees of success, to recover their losses.
Among the investors who claim they were deceived are a Boy Scouts council,...
LR developer Clary defaults on $17m: creditors sue; Shackleford crossings called sound.
June 15, 2009... THE DEVELOPER BEHIND THE SHACKLEford Crossings retail development in west le Rock has defaulted on more than $17 million in personal and commercial loans since July, and his creditors have gone to court to protect their interests.
None of Roger S. "Steve" Clary's defaulted loans lists...
Assets scramble.(Whispers)
June 15, 2009... You knew that Gene Cauley was hustling together assets to post bail in federal court last week, so he could stay out of jail until his Sept. 10 sentencing after pleading guilty to wire fraud and contempt of court on June 1.
He did so successfully, his lawyer said, but exactly what...
Cauley chair.(Whispers)
June 15, 2009... Speaking of Cauley assets...
By his account, cash flow problems encountered in mid-2007 led him to steal millions from a client trust account. About $9.3 million was missing when uncovered earlier this year. But money troubles didn't prevent Cauley from making a generous donation in 2008...
Reprieve.(Brief article)
June 15, 2009... Barry Jewell of Little Rock was scheduled to join his former law partner, Keith Moser, as a ward of the federal Bureau of Prisons on Monday, but he got a reprieve.
He's now scheduled to report on July 20 to start serving his 30-month sentence--unless U.S. District Judge Leon Holmes...