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Bennett had helped to found the Arkansas Loan and Thrift Company, which collapsed by scandal from within its ranks. AL&T padded officers’ accounts by soliciting investors for disputed industrial development projects. Company executives profited while investors were ruined by the bankruptcy of the firm in 1967. While attorney general, Bennett protected the company from state regulation in an opinion which declared it beyond the scope of state securities laws. In 1969, Bennett was charged with twenty-eight counts of securities violations and postal and wire fraud. However, a ten-year struggle with throat[[ cancer]] prevented him from facing trial.<ref name=ency/>
Bennett had helped to found the Arkansas Loan and Thrift Company, which collapsed by scandal from within its ranks. AL&T padded officers’ accounts by soliciting investors for disputed industrial development projects. Company executives profited while investors were ruined by the bankruptcy of the firm in 1967. While attorney general, Bennett protected the company from state regulation in an opinion which declared it beyond the scope of state securities laws. In 1969, Bennett was charged with twenty-eight counts of securities violations and postal and wire fraud. However, a ten-year struggle with throat[[ cancer]] prevented him from facing trial.<ref name=ency/>
Bennett is interred at Arlington Cemetery in El Dorado.<ref name=ency/> He was survived by his wife, Rebecca E. Bennett (1918–2008), and two children, James Bruce Bennett (born c. 1954), an attorney in El Dorado,<ref>{{cite web|url=http://pview.findlaw.com/view/1713005_1|title=James Bruce Bennett|publisher=pview.findlaw.com|accessdate=May 10, 2010}}</ref> and Susan Bennett.<ref name=ency/>
Bennett is interred at Arlington Cemetery in El Dorado.<ref name=ency/> He was survived by his wife, Rebecca E. Bennett (1918–2008), and two children, James Bruce Bennett (born c. 1954), an attorney in El Dorado,<ref>{{cite web|url=http://pview.findlaw.com/view/1713005_1|title=James Bruce Bennett|publisher=pview.findlaw.com|accessdate=October 22, 2019}}</ref> and Susan Bennett.<ref name=ency/>
==References==
==References==