of State Delbert Hosemann issued a final order in the matter of Watkins
Development, LLC and David Watkins, individually, after an administrative
hearing officer found Watkins to have operated in a manner to "mislead or
We are told that those actions included untrue statements in the bond offering,
misleading and deceptive actions in the use of bond proceeds, and substantial
omissions in payment requisitions, all in violation of Miss Code Section
75-71-501, Article 5 Fraud and Liabilities, of the Mississippi Securities Act
two-day hearing in October, Watkins was found to have taken funds designated to
renovate the "Belk Building" in the Metrocenter shopping center in Jackson, and
instead, used the funds to purchase property in Meridian. According the the Secretary of State's office, the failure to
disclose their intentions to use the bond proceeds for any other purpose other
than renovating the space at the Metrocenter violates the general fraud
statutes of the Mississippi Securities Act.
hearing officer in the case recommended restitution in the amount of $587,084,
plus legal interest and a civil penalty of $75,000 against Watkins Development
and David Watkins. I see no reason to disagree with the recommendation of
the hearing officer," says Secretary Hosemann.
Development, LLC and David Watkins are also ordered to pay administrative and
investigative costs in the amount of $18,047.39. We are told that they may appeal the decision in the First
Judicial District of Hinds County within 60 days of the Final Order.
Thursday, August 28 2014 9:33 AM EDT2014-08-28 13:33:06 GMT
SPARTANBURG COUNT, SC (WYFF) - Fifteen children living in a double-wide trailer were put into protective custody and seven adults were arrested, according to the Spartanburg County Sheriff's Office. DeputiesMore >>
Fifteen children living in a double-wide trailer were put into protective custody and seven adults were arrested, according to the Spartanburg County Sheriff's Office.More >>
Friday, August 29 2014 1:30 PM EDT2014-08-29 17:30:06 GMT
Gruesome and disturbing new details were revealed Friday morning in a pre-trial hearing for the man accused of killing 5-year-old Janaya ThompsonMore >>
Gruesome and disturbing new details were revealed Friday morning in a pre-trial hearing for the man accused of killing 5-year-old Janaya Thompson. The Gulfport girl was sexually assaulted and strangled in July. Alberto Julio Garcia is charged with capital murder in the case. During Friday's hearing, prosecutors revealed that DNA evidence found on Janaya's body has come back from the crime lab with a positive match for Garcia's DNA.More >>
Friday, August 29 2014 3:40 PM EDT2014-08-29 19:40:25 GMT
Officials continue to search for the man who beat and robbed a woman during a home invasion in Yazoo City on Monday night. According to her family, 85-year-old Jeanelle Fratesi answered her front doorMore >>
According to her family, 85-year-old Jeanelle Fratesi answered her front door for a person she thought needed help.
Friday, August 29 2014 3:15 PM EDT2014-08-29 19:15:59 GMT
A power outage has shut down a portion of downtown Jackson. Entergy Mississippi says that crews are on site working to restore power as quickly and safely as possible. Entergy's website shows that overMore >>
Entergy's website showed that over 400 people were without power in the downtown area on Friday.
Friday, August 29 2014 1:48 PM EDT2014-08-29 17:48:04 GMT
The Canton Public School District says that it is working diligently to contain the spread of scabies at several of its schools. The school district says they have informed parents that their childrenMore >>
The school district says they have informed parents that their children may have recently been exposed.
Friday, August 29 2014 4:50 PM EDT2014-08-29 20:50:26 GMT
Special Judge Hollis McGehee has decided to dismiss an election challenge filed by Chris McDaniel..More >>
Special Judge Hollis McGehee has decided to dismiss an election challenge filed by Chris McDaniel. The judge announced his decision Friday in Gulfport, but that may not be the end to the legal battle between the two candidates.More >>
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