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Rogers Man Accused of Fraud, Money Laundering

FAYETTEVILLE, AR-- James W. Bolt appeared in United States Magistrate Court Tuesday for an initial appearance before a United States Magistrate Judge.
FAYETTEVILLE, AR-- James W. Bolt appeared in United States Magistrate Court Tuesday for an initial appearance before a United States Magistrate Judge.

A complaint was filed against Bolt on August 29, 2013, charging him with six counts of mail fraud, four counts of wire fraud, and two counts of money laundering. Bolt was arrested on August 30, 2013.

According to the affidavit filed with the criminal complaint, in October 10, Bolt committed mail and wire fraud by preparing and sending fraudulent documents containing forged signatures and false authentication features to various entities and individual persons in order to persuade them to send him unclaimed property and assets from defunct companies.

He's accused of then using the money from the transactions for his own personal expenses including the purchases of vehicles and airplanes, and to pay off debts.

The case is being investigated by the FBI. Assistant U.S. Attorney Glen Hines is prosecuting the case for the United States.

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