ROGERS — A Rogers man is in Benton County Jail following his arrest on a Federal Bureau of Investigation warrant, authorities said.
Jim Bolt, 60, of 303 Rife Drive, was being held with no bond listed and no photograph posted. He was being held for the U.S. Marshals Service, authorities said.
Bolt is the executive director of Situs Cancer Research Center in Rogers. FBI agents searched the clinic at 1222 W. Poplar St., a house at 1204 W. Poplar St. owned by Situs and Bolt’s residence on June 27. Agents seized computers and equipment including two mobile medical units, a box truck, an Airstream recreational vehicle, two Volvo sport utility vehicles, a
At A Glance
Situs Cancer Research Center
Situs Cancer Research Center, is a nonprofit organization serving cancer, hematology or chronic viral disease patients in Northwest Arkansas who have been denied medical treatment as a result of inability to pay, according to the organization’s website.
Source: Staff Report
Suburban-style vehicle, pickup and five airplanes, authorities said.
Rogers police arrested Bolt on the warrant Thursday, said Special Agent Kim Brunell, a spokeswoman for the FBI’s Little Rock office.
Brunell confirmed the warrant is connected to mail fraud, wire fraud and money laundering listed in the forfeiture filings, but did not elaborate.
A Rogers officer pulled Bolt over for a traffic violation Thursday night, said Keith Foster, public information officer for Rogers police. Department records show the traffic stop was just before 6 p.m. at the corner of 15th and Poplar streets.
An affidavit filed July 2 in U.S. District Court of the Western District of Arkansas requested forfeiture of the three properties searched in connection with wire fraud, mail fraud and money laundering. The filings state Bolt received $1,892,170 in January 2013 by claiming shares of a California company that ceased operations in 2006. An investment fund manager for the company contacted federal agents after he tried to claim the shares after Bolt received shares and redeemed them.
Bolt’s attorney, Herb Southern, said in July that Bolt was notified the shares were donations and redeemed them. No charges against Bolt were made public with the forfeiture request.
“From everything I’ve seen so far, I do not believe him guilty,” Southern said Friday.
The case is sealed and Southern said he's waiting on action by the court before offering further comment.
Bolt was acquitted in a wire fraud case in 2007. He and three co-defendants were accused of hiding a $325,000 kickback on a $2.5 million investment into Xenavex, an oleander plant derivative, that would have been marketed as a cancer treatment through Shimoda-Atlantic, Bolt’s company at the time, according to a federal court filing.
He was convicted for theft in Washington County in 1992 and the case notes Bolt was serving probation at that time in connection with a June 1985 sentence in Oklahoma of two counts of mail fraud and making false statements to a federally insured bank.