March 18, 2010
An Oklahoma City businessman crashed his Lexus sports car Wednesday during a chase involving Internal Revenue Service agents, police said.
Clovis L. Prince, 59, an ex-convict and current president and chief executive officer of Prince & Associates in Dallas, was arrested on federal warrants from Texas, Oklahoma City police Sgt. Jennifer Wardlow said.
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He was booked in the Oklahoma County jail after he was treated at a hospital, Wardlow said.
An IRS spokesman said the agency doesn’t comment about specific cases, but court records show Prince was indicted in September by a federal grand jury in Texas on one count of bank fraud and 14 counts of engaging in monetary transactions in property derived from bank fraud.