Lawmakers ponder next step in treasurer’s office probe - KATV - Breaking News, Weather and Razorback Sports

Lawmakers ponder next step in treasurer’s office probe

Posted: Updated:

LITTLE ROCK — Lawmakers want to know much more about problems found in an audit of state Treasurer Martha Shoffner's investment practices.

But based on often conflicting testimony given by Shoffner and top aides during a marathon hearing last week about investments exceeding $1 billion, some think a prosecutor ultimately will have to be called in to consider any criminal implications.

"I think it would be premature to do it now, but I think there is an excellent possibility that it will be referred to the prosecutor because you've got people saying different things under oath," said Rep. Tim Summers, R-Bentonville, co-chairman of the Legislative Joint Auditing Committee. "Somebody's not telling the truth and we certainly need to get some answers."

Click here for more on this story from the Arkansas News Bureau.

  • PoliticalMore>>

  • Dempsey hits Islamic militant 'end-of-days' vision

    Dempsey hits Islamic militant 'end-of-days' vision

    Friday, August 22 2014 8:07 AM EDT2014-08-22 12:07:42 GMT
    America's top-ranked military officer says the surging Islamic State group has an "apocalyptic, end-of-days strategic vision" in the Middle East and cannot be defeated unless the United States and a coalition...More >>
    America's top-ranked military officer says the surging Islamic State group has an "apocalyptic, end-of-days strategic vision" in the Middle East and cannot be defeated unless the United States and a coalition of...More >>
  • With 2016 in mind, Perry heads to New Hampshire

    With 2016 in mind, Perry heads to New Hampshire

    Friday, August 22 2014 4:54 AM EDT2014-08-22 08:54:16 GMT
    Texas Gov. Rick Perry is testing his presidential prospects in New Hampshire while carrying the scars of old political stumbles and a recent indictment.More >>
    Texas Gov. Rick Perry is testing his presidential prospects in New Hampshire as he defiantly dismisses a recent indictment and tries to convince voters that he's an improved version of the 2012 candidate who stumbled...More >>
  • Democrats reframe debate on health care

    Democrats reframe debate on health care

    Friday, August 22 2014 4:37 AM EDT2014-08-22 08:37:17 GMT
    One of the most vulnerable Senate Democrats is standing by his vote for President Barack Obama's health care law, a fresh sign that the unpopular mandate may be losing some of its political punch.More >>
    One of the most vulnerable Senate Democrats is standing by his vote for President Barack Obama's health care law, a fresh sign that the unpopular mandate may be losing some of its political punch.More >>