Ouachita Citizen: Former Congressman McAllister had biz ties to alleged Ponzi schemer

The Ouachita Citizen’s Zach Parker is reporting in this week’s edition that former Fifth District Congressman Vance McAllister had at one time a business connection with Donnie Laing, Jr., who was last week indicted in connection with a million dollar Ponzi scheme.

Parker wrote that McAllister launched an energy company with Laing in 2016, according to Secretary of State records. Records show Laing, McAllister and McAllister’s father, Gene, filed a domestic charter for E5 Energy LLC on Sept. 26, 2016.

However, McAllister was quoted by Parker as saying that he didn’t know about Laing’s recent indictment.

“Are you serious? When did this happen?” McAllister said. “I haven’t been able to get a hold of Donnie for a week now. This is all news to me.”

Parker wrote that Secretary of State records show Laing, McAllister and McAllister’s father are no longer listed as agents, managers, or members of the E5 Energy corporation, and that the company was set up to provide equipment rentals in the oil and gas industry.

See here the complete article (subscription required).

In 2017, McAllister was sued by several area banks for alleged unpaid loans.

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