Arrest made in Clay County hostage situation

CLAY COUNTY (KATV)--An arrest has been made in a hostage situation in Clay County. According to the Clay County Sheriff's Office, Richard Malone, 29, was arrested in corning and was taken to the Clay County Jail.

He is accused of holding his parents at gunpoint because his father refused to give him money. Malone then led officers in Clay County on a chase Wednesday.

Malone is also accused of stealing four vehicles. Authorities said, he tried to hide a stolen vehicle, but deputies found it and had it towed.