Update: AR Treasurer Resigns Amid Extortion Allegations

LITTLE ROCK, AR - Arkansas Treasurer Martha Shoffner has resigned.
Shoffner, 68, was arrested at her home in Newport on Saturday by the FBI on extortion charges.
The agency said in federal court Monday morning that Shoffner's arrest followed a meeting at her home with a confidential informant who delivered a payment of $6,000 she had demanded.
If convicted, Shoffner faces not more than 20 years in prison and up to a $250,000 fine, or both followed by not more than 3 years supervised release.
Since her arrest, a number of officials, including Gov. Mike Beebe, Sen. Mark Pryor and Attorney General Dustin McDaniel had called for Shoffner to step down.

In a letter to Governor Mike Beebe, Shoffner wrote:

"It is with great sadness that I tender my resignation of the office of Treasurer of the State of Arkansas.

I am proud to have been elected by and to have served the people of the State of Arkansas and regret that I can no longer perform the duties and responsibilities owed to the public.

Please accept this resignation effective 5:00 p.m. today's date, May 21, 2013"

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