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Saline County Businessman Accused of Scamming Cousin Out of $390K Faces Bankruptcy Battle

Summary by Arkansas Business
Saline County businessman Ricky Don Angel borrowed $390,000 from his cousins Sharon and Rory Wadkins in late 2020, promising substantial returns but failing to repay the debt, which they now allege was secured through false pretenses. Angel claimed the loan would save four medical marijuana dispensaries he owned—businesses that, court filings reveal, never existed—and used the funds for struggling ventures, including his insurance agency and a d…
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Arkansas Business broke the news in on Monday, November 18, 2024.
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