- Associated Press - Tuesday, November 1, 2016

LITTLE ROCK, Ark. (AP) - Two former executives have been found not guilty in Little Rock of federal bank fraud charges related to a 2007 loan.

Arkansas Business (https://bit.ly/2faeric ) reports that former One Bank & Trust executives Michael Heald and Bradley Paul were found not guilty on Monday.

Heald had been charged with conspiracy, money laundering and two counts of aiding and abetting false entries. Paul faced the same charges plus an additional charge of abetting false entry.

The charges were in connection to a $1.5 million loan that another banker facilitated to Alberto Solaroli, a Canadian resident of Florida. Authorities say Solaroli misrepresented his net worth and never made a payment on the loan. He pleaded guilty to money laundering and received a one-year prison sentence.


Information from: Arkansas Democrat-Gazette, https://www.arkansasonline.com

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