Loans to pay loans.(Whispers)

What is the connection between Stephen Inc.'s COO Curt Bradbury and R.J. Homer Jr., who heads C.I. Homer & Co. of Hot Springs?

It appears the link is Horner's former son-in-law, Warren Overton. The investment banker lent Horner $250,000 in October 2005 and is now trying to collect the debt after Horner failed to make payments on several occasions, according to a complaint filed late last month in Pulaski County Circuit Court.

With interest, Bradbury is seeking just over $300,000.

Now, the complaint doesn't say what the money was for. But Horner received

the loan in the same month that he settled for $201,000 a claim by Ralph and Elizabeth Patterson of Little Rock.

The Pattersons, as regular readers will recall, sold a house overlooking the Country Club o[ Little Rock to Warren Overton and his wife, Heather, for $1.3 million in 2002. Part of the financing was a $500,000 promissory note that Horner personally guaranteed for his daughter and son-in-law (who have since divorced).

The house was linked to more than $3 million in defaulted loans in 2004, and, of course, Overton eventually served time in federal prison for check-kiting.

Neither Bradbury nor Horner returned calls, nor did Abraham Bogoslavsky, the Little Rock lawyer who filed suit on Bradbury's behalf.

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