Subscribe Register Login

Thursday, April 17, 2014, 7:16 p.m.
Top Picks - Mobile App

Water company owner faces federal charges

By Gavin Lesnick

This article was published December 4, 2013 at 9:59 a.m.

The owner of a Little Rock-based bottled water company is facing federal charges including wire fraud and money laundering, authorities said Tuesday.

John B. Stacks, the owner of Mountain Pure Water, is accused of obtaining a Small Business Administration loan for $703,000 after falsely claiming that more than $500,000 in company equipment was destroyed when a tornado touched down on his Damascus farm, U.S. Attorney Chris Thyer said in a statement.

Stacks is charged with three counts of wire fraud, three counts of money laundering, one count of submitting a false claim to the Small Business Administration and four counts of making a false statement.

The wire fraud counts carry the longest possible prison term with a maximum penalty of 20 years each.

Comment on: Water company owner faces federal charges

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

Wassup says... December 4, 2013 at 10:28 a.m.

Also, Mountain Pure waters down their product... I'm just saying. Can they be trusted to provide a clean, environmentally friendly product?

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Coach

    The Watson Chapel School District is accepting applications ...
    LITTLE ROCK, AR

  • General accountant

    servers/bartenders - Pleasant Valley Country Club is now acc...
    LITTLE ROCK, AR

  • University of arkansas at little

    RockFacilities ManagementBuilding System Optimization Speci...
    LITTLE ROCK, AR

  • Experienced commercial

    superintendents wanted. Northeast Arkansas area, salary + b...
    LITTLE ROCK, AR

  • Dump truck drivers

    dump truck drivers Experience needed. Apply at 505 West Dixo...
    LITTLE ROCK, AR

Search 727 jobs >

Top Picks - Mobile App
Arkansas Online