Michigan To Sell 28 Cemeteries Owned By Oklahoman
Tuesday, September 25th 2007, 2:16 pm
By: News On 6
LANSING, Mich. (AP) -- The state of Michigan is selling 28 cemeteries it's been overseeing since allegations surfaced that the Oklahoman who owns them embezzled cemetery trust funds.
The state began managing the cemeteries in December after Clayton Smart of Okmulgee was accused of embezzlement.
Smart faces similar charges in Memphis, Tennessee.
Officials say Michigan will sell the cemeteries for $32 million to David Shipper who owns 12 cemeteries in Indiana and two in New York.
The money from the sale includes a deposit to put back funds that were missing from trust accounts at the cemeteries.
A hearing on a petition to approve the sale is scheduled for Friday.
1/10/2007 Tennessee Court Freezes Assets Of Cemetery Company
1/21/2007 Officials Say Funeral Home Owners Tried To Access Frozen Funds
1/26/2007 Michigan Freezes Oklahoma Attorney's Assets In Cemetery Investigation
5/17/2007 Muskogee Lawyer Surrenders In Tennessee
5/18/2007 Michigan Governor Seeks Extradition Of Okmulgee Oilman
5/26/2007 Businesses In Cemetery Scandal Will Offer Prepaid Funerals Again
7/1/2007 Oilman Charged In Cemetery Scandal To Stay In Jail
8/9/2007 Prosecutors Introduce Jail Recordings In Cemetery Trust Fund Case
8/10/2007 Businessman Bought Company With Its Own Money, Investigators Say