Posted Oct 24, 2013 02:58 pm CDT
Federal jurors deliberated for about an hour and a half before acquitting an Arkansas lawyer on Wednesday of conspiracy to commit bank fraud.
David Fisher of Rogers, Ark., was found not guilty in the alleged conspiracy after testifying in his own defense, report 5 News Online, Arkansas Business and Northwest Arkansas Online. Prosecutors had claimed Fisher lied to First Federal Bank to help a developer obtain property loans in excess of the property value.
Fisher testified he only drew up the documents and didn’t know anything about defrauding the bank, according to the story by Northwest Arkansas Online.
Another lawyer charged in the case, K. Vaughn Knight of Fayetteville, is scheduled to be tried in November.
ABAJournal.com: “3rd lawyer is federally indicted, accused of aiding developer in claimed real estate loan fraud”