State Issues Cease & Desist Order for Heber Springs Man's Dominican Casino Plan - KAIT Jonesboro, AR - Region 8 News, weather, sports

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State Issues Cease & Desist Order for Heber Springs Man's Dominican Casino Plan

SEPTEMBER 8, 2006 - Posted at 5:00 p.m. CDT

 

LITTLE ROCK, AR - Arkansas regulators have ordered a Heber Springs man to stop offering stock shares or requesting loans intended to help him finance the purchase of a casino in the Dominican Republic.  The Arkansas Securities Department says two businesses owned by Christopher A. "Big Poppa" Hogan of Heber Springs are not registered with the department and that Hogan is not registered to sell securities in Arkansas.

The Securities Department said Hogan did not reveal on a company Web site or in his contracts that he was convicted and served time in prison in Arkansas for theft of property.  It also said Missouri issued a cease-and-desist order against Hogan in 2003 for the improper sale of securities there.

(The Associated Press contributed to this report.)

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