Political career
Bynum was born in Pryor Creek, Oklahoma. He was an automobile dealer, with the Bynum Motor Company, the family business, inLobbying
After leaving office, Bynum lobbied for a number of Arkansas clients through his Phoenix Investment Group, Inc., of Little Rock. He is a member of the Association of General Contractors. He was hired to represent the interests of Northwest Arkansas Community College in Bentonville. Bynum was named to the government affairs team of the Arkansas Independent Automobile Dealers Association.Bribery
While employed as a lobbyist for the investment banking firm Stephens, Inc., Bynum was indicted for bribery in January 1995 by a federal grand jury. The U.S. government charged that Bynum paid Terry Duwayne Busbee, then a commissioner of the Utility Authority of Escambia County, Florida, to steer bond-underwriting business to Stephens, Inc. Two months later, Bynum pleaded guilty to a single count of bribery. Under a plea bargain, he was fined $25,000 and given a two-year federal prison sentence. He was further forbidden to represent clients in the securities business for the rest of his life. Bynum reported to federal prison in July 1995. In the fall of 1996, he was allowed to finish his sentence at the St. Francis House, a halfway facility in Little Rock. He was given use of his old offices at Stephens, Inc., to prepare for his future employment. He was released on July 1, 1998.Personal life
Bynum married the former Linda Allen and they have 4 daughters. Leasa, Angela, Charlotte, Rebecca."Preston Bynum", ''Who's Who in America'' ( Chicago: Marquis Who's Who, 2000), p. 681.References
{{DEFAULTSORT:Bynum, Preston Republican Party members of the Arkansas House of Representatives 1939 births People from Pryor Creek, Oklahoma Politicians from Little Rock, Arkansas People from Siloam Springs, Arkansas Businesspeople from Arkansas American businesspeople in retailing Baptists from Arkansas American lobbyists 2018 deaths American people convicted of bribery American businesspeople convicted of crimes Arkansas politicians convicted of crimes Baptists from Oklahoma 20th-century American businesspeople 20th-century Baptists