Jim Bolt Pleads Guilty to Fraud, Money Laundering
Bolt pleaded guilty, thursday Jan 16th, to one count each of wire fraud, mail fraud and money laundering before U.S. District Judge Robert T. Dawson in Fort Smith.
Assistant U.S. Attorney Glen R. Hines, who is prosecuting the case, had filed notice that he planned to drag Bolt's criminal history into the trial to support its contention that the unclaimed property schemes were consistent with his established "modus operandi."
However, as part of his plea deal with federal prosecutors, 11 additional counts leveled against him by a Fayetteville grand jury will be dismissed, and his trial, scheduled for Jan. 29, has been canceled.
No date for sentencing has been set.