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UNITED STATES v. RUFF

No. 84-1739.

753 F.2d 644 (1985)

UNITED STATES of America, Appellee, v. Luerle RUFF, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided January 22, 1985.

Attorney(s) appearing for the Case

Mitchell D. Stevens, Dallas, Tex. and Stephen A. White, Charleston, Ark., for appellant.

Deborah J. Groom, Asst. U.S. Atty., Fort Smith, Ark., for appellee.

Before HEANEY, ROSS and McMILLIAN, Circuit Judges.

PER CURIAM.

In 1979, Luerle Ruff mortgaged a tract of land to the First National Bank of Memphis in order to secure a $100,000 loan made by the bank to her son-in-law and daughter (Edward and Diane Clapp) and Trans-Quip Industries, a corporation in which the Clapps owned the majority of stock. In 1980, the Clapps and Trans-Quip obtained a $325,000 loan from the bank. This loan was guaranteed by the Small Business Administration...

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