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Arkansas state treasurer resigns amid charges she took cash payments from broker
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Candidate
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| Contributor | J.R. |
| Last Edited | J.R. May 23, 2013 04:05pm |
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| Category | News |
| Media | Newspaper - Washington Post |
| News Date | Monday, May 20, 2013 10:00:00 PM UTC0:0 |
| Description | LITTLE ROCK, Ark. — Arkansas’ state treasurer resigned Tuesday after being accused of taking at least $36,000 in cash — sometimes stashed in a pie box — from a broker who later came to manage a large share of the state’s $3.3 billion investment portfolio.
Democrat Martha Shoffner held the office since 2007 and was re-elected in 2010. She was barred by term limits from seeking re-election next year.
“I am proud to have been elected by and to have served the people of the state of Arkansas and regret that I can no longer perform the duties and responsibilities owed to the public,” Shoffner wrote in a letter to Gov. Mike Beebe. Shoffner’s resignation was effective 5 p.m. Tuesday. |
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