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Hearing set for today for Ark. treasurer

May 20, 2013

Arkansas Treasurer Martha Shoffner

According to the Arkansas Department of Justice, no exact time has been set for the hearing in the extortion case of Arkansas Treasurer Martha Shoffner, but it should begin in the next 30 minutes or so. It will be in the court of U.S. Magistrate Judge H. David Young.

Here is the story from the Associated Press:

Ark. treasurer accused of taking cash from broker

LITTLE ROCK, Ark. (AP) — An affidavit filed in federal court alleges that Arkansas Treasurer Martha Shoffner repeatedly took cash payments from a broker who invested state money.
The affidavit filed Monday claims that Shoffner accepted multiple payments of $6,000 cash that was sometimes rolled up and hidden in a pie box. The affidavit says the broker has been granted immunity in exchange for his or her cooperation.
The affidavit says Shoffner admitted to authorities that it was wrong to accept the cash.
Shoffner was arrested on an extortion charge Saturday and was set to appear in court Monday, though the time of the hearing isn't immediately known.
Shoffner was criticized in a legislative audit last year for bond sales that blocked the state from earning more than $400,000.

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