Treasurer Resigns
5:19 pm
Tue May 21, 2013

Arkansas Treasurer Resigns Amid Charges She Took Cash

Credit Danny Johnston / AP Photo

Arkansas' state treasurer has resigned after federal prosecutors accused her of taking cash payments from a broker who handled a large amount of the state's investment portfolio.

Democrat Martha Shoffner resigned effective Tuesday from the office she has held since 2007 and was re-elected to in 2010. She was barred by term limits from seeking re-election next year.

Democrats and Republicans called for Shoffner to step down after the FBI arrested her in a sting operation. She's accused of taking at least $36,000 in cash. At least two of the payments from the broker were delivered to Shoffner in a pie box.

Democratic Gov. Mike Beebe was among those who called for Shoffner to resign. Beebe can appoint someone to serve out the rest of Shoffner's term.