Story Created:
Mar 18, 2010 at 10:41 AM CDT
Story Updated:
Mar 18, 2010 at 10:41 AM CDT
OKLAHOMA CITY (AP) - An Oklahoma City businessman has been arrested on federal warrants from Texas after leading police and
Internal Revenue Service agents on a chase in northeast Oklahoma City.
Sgt. Jennifer Wardlow says 59-year-old Clovis Prince was arrested Wednesday after crashing his car during the chase.
Prince is president and CEO of Prince & Associates in Dallas.
Court records show Prince was indicted in September by a federal grand jury in Texas on charges of bank fraud and engaging in monetary transactions in property derived from bank fraud.
Records also show he was indicted again last week for perjury and bankruptcy fraud.
Wardlow says police joined the chase after Prince nearly crashed into a patrol car while being pursued by IRS agents.
An IRS spokesman declined comment.
