Elton B. Stephens, Jr., the retired CEO of EBSCO Industries, was reportedly kidnapped from his bed last Friday and held for ransom. He is currently safe, and two suspects are in custody.
EBSCO is one of the state’s largest privately held companies, with annual sales of about $3.2 billion as of 2018 counting subsidiaries. Stephens is the son of the company’s late founder. Their family was estimated to have a net worth of $4 billion as of 2014, per Forbes.
Alabama Media Group on Thursday reported that Blount County’s Matthew Amos Burke, 34, and Tabatha Nicole Hodges, 33, have been charged with burglary, kidnapping an adult for ransom, extortion and theft of property.
The pair allegedly broke into a Birmingham home Stephens is renting in the early morning hours of this past Friday. When Stephens awoke that morning, Burke was standing over him, per reports.
Burke and Hodges are alleged to have robbed the house of valuables and three firearms.
They reportedly threatened to kill Stephens if he did not comply with them or if he attempted to call for help.
“They took him to a trailer in St. Clair County where they had him wire $250,000 into their account. They returned him to his home about 4:30 p.m. [on Friday]. Police were called,” Alabama Media Group wrote.
Law enforcement officials declined comment on the pending case. Stephens says he did not previously know the suspects.
Stephens’ attorney released a statement, saying: “Elton Stephens Jr. was kidnapped in a home invasion last Friday. I ask that his privacy be respected by the press and the public to allow him time and space to process and deal with these very traumatizing circumstances.”
“We are thankful and grateful for the hard work of the Birmingham Police Department, the Jefferson County District Attorney’s Office, the FBI, the Secret Service and the U.S. Attorney’s office for their hard work in investigating this horrid life experience for Mr. Stephens,” the attorney concluded.
Sean Ross is the editor of Yellowhammer News. You can follow him on Twitter @sean_yhn
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