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Owner of Cancer Research Center Pleads Guilty to Fraud

ROGERS, AR -- James W. Bolt, 60, was sentenced to 20 years in prison for one count of wire fraud, one count of mail fraud, and one count of money laundering, U.S. District Attorney Conner Eldridge announced Thursday.
ROGERS, AR -- A Rogers business man has pleaded guilty to fraud and money laundering charges.   James W. Bolt, 60, was sentenced to 20 years in prison for one count of wire fraud, one count of mail fraud, and one count of money laundering, U.S. District Attorney Conner Eldridge announced Thursday.

In August 2012, the FBI launched an investigation into suspicious activity involving Bolt’s company, Situs Cancer Research Center, located in Rogers, Arkansas. According to court documents, the investigation revealed Bolt had committed mail and wire fraud by sending forged, fraudulent documents to various entities and individual persons in order to persuade them to send him unclaimed property and assets from defunct companies held by the state of California for Community Medical Group of Corona, Inc.

Earlier reports:

Rogers Man Arrested in FBI Investigation

FBI Releases Affidavit in Rogers Investigation

Rogers Man Accused of Fraud, Money Laundering
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