PARAGOULD, Ark. — A Beech Grove suspect was arrested in connection with a Paragould bank theft case after investigators said three ACH deposits made in December turned out to be fraudulent, leaving the defendant owing more than $13,000.
Adam Denton, 40, of Beech Grove, was arrested for theft of property greater than $5,000 but less than $25,000, a Class C felony.
According to a probable cause affidavit from the Paragould Police Department, officers were dispatched on Feb. 9, 2026, to Southern Bank at 1727 W. Kingshighway regarding a theft report. The manager at Southern Bank told police Denton had made three separate ACH deposits in December 2025 that later turned out to be fraudulent, according to the affidavit.
The manager told investigators that on Dec. 15, 2025, Denton made an ACH deposit of $5,000 into his account. On the same day, he withdrew $1,500 in cash and also moved $3,000 to RHS Brokerage, according to the affidavit.
Police said the manager reported that on Dec. 18, 2025, Denton made another $5,000 ACH deposit and then withdrew the same amount as the first time.
According to the affidavit, Denton made a third $5,000 ACH deposit on Dec. 24, 2025, then moved $3,500 to Uphold New York, which the affidavit described as another investing website.
The bank later discovered that all three ACH deposits came back as a name mismatch and were returned, according to the affidavit. Investigators said that left Denton owing the bank $13,639.98.
The bank provided video footage and bank statements of the transactions to corroborate the case, according to police.
Information about bail was not available.
All suspects are innocent until proven guilty in a court of law.
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