Gene Stipe Transfers Property To New Company


Thursday, December 27th 2007, 8:35 am
By: News On 6


OKLAHOMA CITY (AP) -- Records show former state Senator Gene Stipe has transferred his oil and gas interests across Oklahoma to a company formed just over a month ago. State Representative Mike Reynolds says he notified the FBI of the transfer because he questions how Stipe could legally transfer property after being found mentally incompetent.

Stipe is under house arrest since a federal judge found him mentally incompetent to face a hearing in which federal prosecutors were trying to revoke his probation. Stipe was on probation for his part in an illegal fundraising scheme in a 1998 congressional campaign.

Records show on November 20th Stipe assigned his oil and gas interests in at least 17 counties to Gene Stipe Exploration. Paperwork to create the company was filed by an attorney on November 15th.

Related Stories:

3/7/2007 FBI Searches Offices Of Gene Stipe

3/9/2007 Stipe Investigated In Alleged 'Straw Donor' Scheme

3/14/2007 Grand Jury Looking Into Gene Stipe's Finances

3/21/2007 Stipe Business Will Be Run By A Neutral Party

4/1/2003 Former State Senator Gene Stipe Pleads 'Guilty' In Federal Court

4/8/2007 State Charges Possible In Alleged Campaign Scheme

4/18/2007 Jurisdiction Of Stipe Case Transferred To Muskogee

4/23/2007 Newspaper Says Gene Stipe Benefits From Train Sale To State

6/7/2007 Government Seeks Probation Revocation For Stipe

6/13/2007 Former City Manager Expected Before Stipe Grand Jury

6/23/2007 Attorney: Stipe's Business Partner To Plead Guilty To Conspiracy

6/27/2007 Ex-Stipe Business Partner Pleads Guilty

6/28/2007 Gene Stipe Stays Out Of Prison For Now

8/27/2007 Gene Stipe Due In Court Tuesday

8/28/2007 Mental Health Test Ordered For Gene Stipe

9/4/2007 Attorneys Seek To Divert Stipe From Springfield

9/6/2007 Stipe Won't Have To Go Immediately To Federal Medical Unit

9/7/2007 Stipe Heading To Missouri Prison Hospital

9/9/2007 Stipe Says He Is Competent On Eve Of Prison Examination

9/24/2007 Gene Stipe To Be Released From Prison Hospital

9/24/2007 Judge Awaits Report To Decide Next Move In Gene Stipe Case

9/27/2007 Mental Competency Hearing For Gene Stipe Set

10/5/2007 Former State Senator Indicted

10/5/2007 More Legal Trouble For A Former Senator

10/12/2007 Judge Postpones Revocation Hearing For Stipe

10/15/2007 Neural Psychologist Finds Stipe Mentally Incompetent

10/20/2007 Stipe Mental Health Issue Raises Question

11/4/2007 Competency Hearing For Gene Stipe

11/5/2007 Judge Orders Stipe To Be Sent To Hospital

11/16/2007 Stipe’s Brother Enters Not Guilty Plea

11/21/2007 Lawyer Says Judge Jeopardized Client's Health