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UNITED STATES v. JEWELL

No. 83-1428-EA.

726 F.2d 398 (1984)

UNITED STATES of America, Appellee, v. Jerry D. JEWELL, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided January 25, 1984.

Attorney(s) appearing for the Case

Christopher C. Mercer, Jr., Little Rock, Ark., for appellant; Karen L. Arndt, Kaplan, Hollingsworth & Brewer, P.A., Little Rock, Ark., of counsel.

George W. Proctor, U.S. Atty., E.D.Ark., Robert L. Neighbors, Asst. U.S. Atty., Little Rock, Ark., for appellee.

Before HEANEY and McMILLIAN, Circuit Judges, and COLLINSON, Senior District Judge.

COLLINSON, Senior District Judge.

All, Inc., a corporation, entered into a project to build a motel in Little Rock, Arkansas. Financing was secured by a loan in the principal sum of $1,042,700.00, made by Prudential Life Insurance Company and National Old Line Insurance Company of Little Rock, secured by a first mortgage on the property and furnishings. The Economic Development Administration (EDA) made a loan in the amount of $1,350,000.00 secured by a second mortgage...

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