Update: Ark. treasurer accused of taking cash from broker

    6:36 PM, May 20, 2013   |    comments
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    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, but in court Monday she didn't enter a plea. But her attorney says Shoffner would plead not guilty at the appropriate time. She was released on her own recognizance.

    She told reporters after the hearing that she didn't intend to resign, despite calls from the Arkansas Republican Party and some Democratic officials to do so.

    Shoffner was criticized in a legislative audit last year for bond sales that blocked the state from earning more than $400,000.

    Gov. Mike Beebe's office says he will hold a press conference at 2 p.m. on Shoffner's arrest.

    THV's Daniel Wilkerson is at the federal courthouse and will have the latest on the Shoffner case tonight on THV 11 News at 5 and 6.

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 This material may not be published, broadcast, rewritten or redistributed.)

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