JONESBORO, Ark. (AP) - A Republican candidate for a state Senate seat in Jonesboro says he paid a $21,000 fine for his company's violation of the Arkansas Money Services Act.
Chad Niell of Jonesboro told The Jonesboro Sun (http://bit.ly/1ad5B9V ) that he paid the fine for Tiger Commissary Services as part of an agreement with the Arkansas Securities Commission.
A consent order says Tiger Commissary unintentionally operated - without a license - kiosks at county jails that allowed prisoners to use credit or debit cards.
Niell says he asked state agencies what he needed to do to operate and was told there was nothing for him to do. He says he learned he needed a license earlier this year after a similar company in Pennsylvania was fined.
Niell is 1 of 7 candidates running for the state Senate seat vacated by former Sen. Paul Bookout.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
JONESBORO, AR (KAIT) - The Arkansas Securities Department is fining state Senate hopeful, Chad Niell.
According to the Arkansas Securities Department consent order, the department is fining Niell for conducting business without a license for the past three years.
Niell's company, Tiger Commissary, provides money transmission services in various state correctional facilities and jails.
According to the consent order, the company transmitted more than two million dollars for state residents during the past three years when it was not licensed.
Niell's company now owes $21,000 in fines to the Arkansas Securities Department. He has nine days to pay it off.
Emis said Niell resolved this issue before he even ran for the state Senate.