FOR IMMEDIATE RELEASE
July 31, 2012
Fayetteville, Arkansas - Conner Eldridge, United States Attorney for the Western
District of Arkansas, announced today that Christopher Lee Talley, age 41, formerly of
Northwest Arkansas and William B. Hemm, age 33, of Fayetteville, Arkansas, pled guilty
to charges that they conspired to pay a bribe to a bank officer in order to influence a
business transaction with a financial institution. Additionally, William B. Hemm pled
guilty to misapplication of bank funds. Talley and Hemm face a potential maximum
penalty of five years imprisonment, not more than three years supervised release and up to
a $250,000 fine on the bribery count. Hemm also faces up to 30 years imprisonment, not
more than five years supervised release and a $1,000,000 fine on the misapplication of
bank funds count.
Separate Informations were filed today against Christopher Lee Talley and William
B. Hemm. The Information charging Christopher Lee Talley alleged that Talley conspired
with William B. Hemm, an officer of ANB Financial, N.A., Fayetteville, Arkansas, to pay
Hemm $60,000 to obtain approval of a $6,200,000 loan. The Information on William B.
Hemm charged the same allegations as with Talley and additionally charged that Hemm,
as an officer of ANB Financial, N.A. misapplied $82,500 out of the loan proceeds of
Memphis Sports Management to Spitfire Aviation, LLC for the rental of a private jet
aircraft. The Information further states that the two men flew to Henderson, Nevada and
that Talley paid $60,000 to Hemm in Las Vegas, Nevada.
This case was investigated by the Federal Bureau of Investigation and the Office of
Inspector General FDIC. Assistant U.S. Attorney Steven N. Snyder prosecuted the case
for the United States.
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