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UPDATE: Guilty Verdict for Lawyer in Federal Fraud Case

FORT SMITH, AR-- The attorney for a Fayetteville developer has been found guilty for his part in a federal fraud case.
FORT SMITH, AR-- The attorney for a Fayetteville developer has been found guilty for his part in a federal fraud case.

The FBI says Brandon Barber scammed several Northwest Arkansas banks into bad real estate deals. Now, a jury has ruled Barber's attorney, K. Vaughn Knight guilty on 8 counts of money laundering and fraud, according to U.S. District Attorney Conner Eldridge's office. The jury went out for deliberation on Friday in the case against Knight. Two other men who worked with Barber also face money laundering charges. They are all awaiting sentencing.

K. Vaughn Knight's attorney David Matthews gave us the following statement:

"Understandably, we are very disappointed in the verdict.  We appreciate the jurors attention to nine days of trial, even though we don't agree with the verdict.  We will pursue the post-verdict remedies that the law permits, including motions and appeals."

In a statement, Conner Eldridge explained why this was an important win:

"We have an expectation in our economy and under the law that people are going to be truthful, and people are going to be honest, and that's what the vast majority of hard working people in business do day in and day out. And so when people do not abide by that and do not abide by the law and commit fraud, it's really outrageous to the hard working people who do play by the rules and do the right thing day in and day out."

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