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IRS chase, car crash lead to Oklahoma City man’s arrest

BY JOHNNY JOHNSON 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. (Story continued below...)

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.

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