Ex-Ark., Okla. developer sentenced for bank fraud - KATV - Breaking News, Weather and Razorback Sports

Ex-Ark., Okla. developer sentenced for bank fraud

FAYETTEVILLE, Ark. (AP) - A former developer of shopping centers in Arkansas and Oklahoma has been sentenced to more than three years in prison for bank fraud.

A federal prosecutor says 46-year-old Stephen Walker of Hot Springs was sentenced to 41 months in prison Friday by a federal judge in Fayetteville. Walker had pleaded guilty to the charge last November.

U.S. Attorney Conner Eldridge says Walker received a loan from Arvest Bank in Rogers in 2004 to fund development of a shopping center in Broken Arrow, Okla., but later transferred some of the loan funds to pay for unrelated construction work that he owed to a contractor.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 10-year-old shot several times released from hospital

    10-year-old shot several times released from hospital

    Wednesday, August 27 2014 10:05 PM EDT2014-08-28 02:05:08 GMT
    10 year old Tiffany Rawls was released from Children's Hospital Wednesday after being shot several times in front of her home Monday night. Rawls still remembers Monday night vividly.More >>
    10 year old Tiffany Rawls was released from Children's Hospital Wednesday after being shot several times in front of her home Monday night. Rawls still remembers Monday night vividly.More >>
  • Steamy Weather Continues With Rain Chances Increasing

    Steamy Weather Continues With Rain Chances Increasing

    Thursday, August 28 2014 4:48 AM EDT2014-08-28 08:48:18 GMT
    Latest Arkansas weather summaryMore >>
    Latest Arkansas weather summaryMore >>
  • Police: Arkansas man charged in trooper assault

    Police: Arkansas man charged in trooper assault

    Thursday, August 28 2014 8:57 AM EDT2014-08-28 12:57:29 GMT
    An Arkansas man has been charged with aggravated assault after police say he rammed a state patrol car during a chase through three counties.More >>
    An Arkansas man has been charged with aggravated assault after police say he rammed a state patrol car during a chase through three counties.More >>