Creditors claim bankrupt Smith dumped $2M
LITTLE ROCK, Ark. -- Creditors are trying to block former Arkansas coach John L. Smith from liquidating $40.7 million in debt, saying he moved several properties and more than $2 million from his holdings prior to filing for Chapter 7 bankruptcy protection.
Federal bankruptcy court filings by Smith's creditors say he cashed $1 million in certificates of deposit in 2008 and he is "unable to explain the current location of the funds." The documents also allege that in 2008 and 2009, Smith ...
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