Would-be Bank Property Sold by Cauley
by February 22, 2010 12:00 am 84 views
Add a would-be bank branch property to the list of real estate holdings sold by Gene Cauley, the former Little Rock lawyer who now calls the Florence, Colo., Federal Correctional Complex home.
Allied Bank of Mulberry down in Crawford County acquired the one-time home of Process One at the northeast corner of Cantrell Road and Kavanaugh Boulevard in Little Rock.
The $650,000 sale was made by Cauley’s 4900 Kavanaugh LLC. The property secured a $553,000 mortgage loan from One Bank & Trust of Little Rock.
Related or not, we can also note that the U.S. District Court in New York received last Monday an $11,800 installment payment from Cauley. That represents 0.13 percent of the $8.8 million in restitution he owes to clients whose settlement funds he stole.