Part of Frozen Investment Returned to Ardmore

12-19-03 - The city of Ardmore got an early Christmas gift, more than $160,000. But the money belonged to the city all along.

It goes back to a story that we made public two years ago. The city’s $990,000 investment with an east coast company was frozen, due to a federal investigation.

Bentley Financial was accused of not investing clients’ money as promised. Since then, the city has slowly recouped much of the initial investment, a total of $752,000 so far.

The city is also expecting a third distribution of the remainder of the money. Since the bad investment, city leaders have changed their policies on investing with out of state firms.

Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 546607 -
Gray Television, Inc.