Embezzlement Claims Resolved By Lone Star Partners

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What happens when a 50-50 owner partnership in your media properties turns sour?


Just ask Charles L. Jordan III and Tim Walker of Mason, Texas.

Jordan has accused Walker of embezzling funds through what Jordan calls his wholly owned LLC — III&W Broadcasting.

Walker counters that he’s a 50% owner of the company, which operates two FMs in Hill Country.

How did the matter get resolved?


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