Former Arkansas Treasurer Indicted On Extortion Charge

Jun 5, 2013

Martha Shoffner's mug shot after being arrested May 18 at her home in Newport.
Credit Pulaski County Sheriff's Office

A federal grand jury has indicted former Arkansas Treasurer Martha Shoffner on charges that she accepted more than $36,000 cash from a bond broker to whom she steered a large portion of the state's investment business.

The indictment filed on Wednesday charged Shoffner with extortion and other charges.

Shoffner was arrested at her Newport home May 18 after the FBI said it caught her on tape accepting a $6,000 payment from the broker, who hasn't been identified.

The indictment came less than a week after a federal judge rejected Shoffner's attempt to plead guilty to a similar charge.

Shoffner admitted in court she accepted the cash payments from the bond broker, but denied that it influenced her decision.

Shoffner resigned last month under pressure from fellow Democrats and Republicans.

The four page indictment released by the U.S. Attorney's office is below.