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Tuesday, May 3, 2016

Will Watkins really surrender?

Thursday, December 3, 2009

(Photo)
Wayne Watkins
Local attorney Larry Kissee told the Arkansas Democrat Gazette Nov. 20, that he is attempting to negotiate the surrender of fugitive land developer Wayne Watkins who left Sharp County for Mexico after being accused of theft by receiving.

Watkins, is known for collecting money in the form of down payments for land on the Spring River Beach Club in Hardy. By requiring those purchasing the land to sign installment contracts, Watkins was able to automatically withdraw funds from the accounts of those purchasing the lots.

Watkins defrauded over 50 victims some from out of state in the real estate scam, the then borrowed $2.6 million against the property went into default on the loan.

Most of the victims of the scam have made reports to the Attorney General's office. Last year, Arkansas Attorney General Dustin McDaniel sued Watkins and his business partners alleging they violated the Arkansas Deceptive Trade Practices Act by engaging in a deceptive scheme to defraud banks and the persons purchasing the land.

The scheme was discovered by one family when they found their land for sale on the Internet after paying monthly installments of $116 totalling over $8,000.

The Sharp County Sheriff's Department said that if Watkins does surrender and is extradited back to Sharp County, he will face two charges of theft by receiving.



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