Arkansas state treasurer resigns: Accused of taking cash for favors

The Associated Press

FILE - In this Dec. 14, 2012, file photo Arkansas State Treasurer Martha Shoffner at the Arkansas state Capitol in Little Rock, Ark. An affidavit filed Monday, May 20, 2013, in federal court alleges...
FILE - In this Dec. 14, 2012, file photo Arkansas State Treasurer Martha Shoffner at the Arkansas state Capitol in Little Rock, Ark. An affidavit filed Monday, May 20, 2013, in federal court alleges that Shoffner, arrested on an extortion charge, repeatedly took cash payments of at least $36,000, sometimes rolled up and hidden inside a pie box, from a broker who invested state money. (AP Photo/Danny Johnston, File)

LITTLE ROCK, Ark. (AP) — Arkansas' state treasurer resigned Tuesday after being accused of accepting at least $36,000 cash in exchange for steering business to an investment broker, bowing to bipartisan calls to step down or face removal from office. 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...
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Arkansas state treasurer resigns: Accused of taking cash for favors

Arkansas' state treasurer resigned Tuesday after being accused of accepting at least $36,000 cash in exchange for steering business to an investment broker, bowing to bipartisan calls to step down or face removal from office.

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