During his third term in the House from 1973 to 1974, Bynum was the only Republican in the chamber. In 1974, he announced that he would run for governor but withdrew,[4] and the nomination went to Ken Coon.[5] He eventually served as the senior Republican member and the minority party leader of the House.
Bynum did not seek reelection in 1980 but instead served as chief of staff to Governor Frank D. White after White switched his affiliation from Democrat to Republican. Bynum and House colleague Carolyn Pollan of Fort Smith prepared the state budget by retaining previous figures from the Bill Clinton administration but with 5 percent across-the-board cuts.[6]
Lobbyingedit
After leaving office, Bynum lobbied for a number of Arkansas clients through his Phoenix Investment Group, Inc., of Little Rock.[7] He is a member of the Association of General Contractors.[8] He was hired to represent the interests of Northwest Arkansas Community College in Bentonville.[9] Bynum was named to the government affairs team of the Arkansas Independent Automobile Dealers Association.[10][11]
Briberyedit
While employed as a lobbyist for the investment banking firm Stephens, Inc., Bynum was indicted for bribery in January 1995 by a federal grand jury. The U.S. government charged that Bynum paid Terry Duwayne Busbee, then a commissioner of the Utility Authority of Escambia County, Florida, to steer bond-underwriting business to Stephens, Inc. Two months later, Bynum pleaded guilty to a single count of bribery.[12][13]
Under a plea bargain, he was fined $25,000 and given a two-year federal prison sentence. He was further forbidden to represent clients in the securities business for the rest of his life.[14] Bynum reported to federal prison in July 1995. In the fall of 1996, he was allowed to finish his sentence at the St. Francis House, a halfway facility in Little Rock. He was given use of his old offices at Stephens, Inc., to prepare for his future employment.[15] He was released on July 1, 1998.[16]
Personal lifeedit
Bynum married the former Linda Allen and they have 4 daughters. Leasa, Angela, Charlotte, Rebecca.[17]
^. highbeam.com. Archived from the original on March 4, 2016. Retrieved May 31, 2012.
^David Smith, "Grand jury, SEC, IRS study Stephens' Pensacola deal", Arkansas Business, August 15, 1994
^"Bond-Bribery Guilty Pleas". The New York Times, March 4, 1995. Retrieved May 31, 2012.
^"Lobbyist Is Barred in Civil Fraud Case". The New York Times, Business Day section, May 25, 1995. Retrieved May 31, 2012.
^"United States Securities and Exchange Commission, 1995 Annual Report, pp. 11-12" (PDF). Retrieved December 5, 2011.
^Preston Darrell, "Former Stephens lobbyist Preston C. Bynum looking to life after prison," The Bond Buyer, November 1, 1996.
^"United States Bureau of Prisonsbop.gov". Retrieved May 31, 2012.
^"Preston Bynum", Who's Who in America (Chicago: Marquis Who's Who, 2000), p. 681.
January 01, 1970
preston, bynum, preston, conrad, bynum, june, 1939, october, 2018, lobbyist, little, rock, arkansas, united, states, served, republican, member, arkansas, house, representatives, from, january, 1969, december, 1980, arkansas, state, representative, benton, cou. Preston Conrad Bynum June 8 1939 October 31 2018 was a lobbyist in Little Rock Arkansas United States who served as a Republican member of the Arkansas House of Representatives from January 1969 to December 1980 Preston BynumArkansas State Representative for Benton CountyIn office January 1 1969 December 31 1980Preceded byJim SheetsSucceeded byJerry E HinshawPersonal detailsBornPreston Conrad Bynum 1939 06 08 June 8 1939Pryor Creek Oklahoma U S DiedOctober 31 2018 2018 10 31 aged 79 Lakeland Florida U S Resting placeOak Hill CemeteryPolitical partyRepublicanSpouseLinda Allen BrownOccupationPoliticianLobbyist Contents 1 Political career 2 Lobbying 2 1 Bribery 3 Personal life 4 ReferencesPolitical career editBynum was born in Pryor Creek Oklahoma He was an automobile dealer with the Bynum Motor Company the family business in Siloam Springs Arkansas when he was elected to the Arkansas General Assembly Bynum died at his home in Lakeland Florida from heart failure 1 He succeeded fellow Republican Jim Sheets and became one of only four Republicans in the 100 member House 2 3 During his third term in the House from 1973 to 1974 Bynum was the only Republican in the chamber In 1974 he announced that he would run for governor but withdrew 4 and the nomination went to Ken Coon 5 He eventually served as the senior Republican member and the minority party leader of the House Bynum did not seek reelection in 1980 but instead served as chief of staff to Governor Frank D White after White switched his affiliation from Democrat to Republican Bynum and House colleague Carolyn Pollan of Fort Smith prepared the state budget by retaining previous figures from the Bill Clinton administration but with 5 percent across the board cuts 6 Lobbying editAfter leaving office Bynum lobbied for a number of Arkansas clients through his Phoenix Investment Group Inc of Little Rock 7 He is a member of the Association of General Contractors 8 He was hired to represent the interests of Northwest Arkansas Community College in Bentonville 9 Bynum was named to the government affairs team of the Arkansas Independent Automobile Dealers Association 10 11 Bribery edit While employed as a lobbyist for the investment banking firm Stephens Inc Bynum was indicted for bribery in January 1995 by a federal grand jury The U S government charged that Bynum paid Terry Duwayne Busbee then a commissioner of the Utility Authority of Escambia County Florida to steer bond underwriting business to Stephens Inc Two months later Bynum pleaded guilty to a single count of bribery 12 13 Under a plea bargain he was fined 25 000 and given a two year federal prison sentence He was further forbidden to represent clients in the securities business for the rest of his life 14 Bynum reported to federal prison in July 1995 In the fall of 1996 he was allowed to finish his sentence at the St Francis House a halfway facility in Little Rock He was given use of his old offices at Stephens Inc to prepare for his future employment 15 He was released on July 1 1998 16 Personal life editBynum married the former Linda Allen and they have 4 daughters Leasa Angela Charlotte Rebecca 17 Portals nbsp Biography nbsp United States nbsp Politics nbsp Business and Economics Political offices Preceded byJames Lee Jim Sheets Arkansas State Representative for Benton County Preston Conrad Bynum 1969 1980 Succeeded byJerry E HinshawReferences edit Bynum former state legislator dies of heart failure Arkansas Outlook Arkansas State Republican Party newsletter February 1970 The other Republican legislators at the time were George E Nowotny of Fort Smith Danny L Patrick of Madison County and Marshall Chrisman of Ozark Directory of Governor Candidates politics com Retrieved May 31 2012 State of Arkansas Secretary of State General election returns November 5 1974 Frank Durward White 1933 2003 encyclopediaofarkansas net Retrieved May 15 2010 Ex legislators registered to lobby 2005 projects publicintegrity org Retrieved May 15 2010 Board and Business Meeting Pictures agcar net Retrieved May 14 2010 Northwest Arkansas Community College nwaac edu Preston Bynum and Eric Munson born 1966 have been named to the Arkansas Independent Automobile Dealers Association February 3 2003 highbeam com Archived from the original on March 4 2016 Retrieved May 31 2012 David Smith Grand jury SEC IRS study Stephens Pensacola deal Arkansas Business August 15 1994 Bond Bribery Guilty Pleas The New York Times March 4 1995 Retrieved May 31 2012 Lobbyist Is Barred in Civil Fraud Case The New York Times Business Day section May 25 1995 Retrieved May 31 2012 United States Securities and Exchange Commission 1995 Annual Report pp 11 12 PDF Retrieved December 5 2011 Preston Darrell Former Stephens lobbyist Preston C Bynum looking to life after prison The Bond Buyer November 1 1996 United States Bureau of Prisonsbop gov Retrieved May 31 2012 Preston Bynum Who s Who in America Chicago Marquis Who s Who 2000 p 681 Retrieved from https en wikipedia org w index php title Preston Bynum amp oldid 1221637313, wikipedia, wiki, book, books, library,
