Lawmakers ponder next step in treasurer's office probe

LITTLE ROCK -- Lawmakers want to know much more about problems found in an audit of state Treasurer Martha Shoffner's investment practices.

But based on often conflicting testimony given by Shoffner and top aides during a marathon hearing last week about investments exceeding $1 billion, some think a prosecutor ultimately will have to be called in to consider any criminal implications.

"I think it would be premature to do it now, but I think there is an excellent possibility that it will be referred to the prosecutor because you've got people saying different things under oath," said Rep. Tim Summers, R-Bentonville, co-chairman of the Legislative Joint Auditing Committee. "Somebody's not telling the truth and we certainly need to get some answers."

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