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    Ark. state treasurer resigns amid extortion charges

    4:39 PM, May 21, 2013   |    comments
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    LITTLE ROCK, Ark. (AP) - 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.

    (Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed)


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