Posted on Wednesday, 11.03.10

The Associated Press

http://www.miamiherald.com/2010/11/03/1906164/fbi-arrests-miss-businessman-in.html

JACKSON, Miss. -- A Mississippi businessman has been arrested by FBI agents on 12 counts of wire fraud, tax evasion, and money laundering.

Federal authorities say 47-year-old Jeffrey L. Walker of Madison allegedly devised a scheme to defraud and obtain money from investors by making false representations relating to a Chinese resort project his companies were supposedly developing.

Federal agents said Walker allegedly had investors in Mississippi, Tennessee, Florida and Arizona make bank wire transfers to one of his companies and he converted parts of the money for his own personal use.

FBI Special Agent Daniel McMullen tells The Clarion-Ledger that Walker was arrested in Nashville, Tenn., on Tuesday.

It was not immediately known whether Walker has an attorney.