Bolt Sentenced to Prison, Fined for Scams
Posted: June 23, 2014 at 2:20 p.m.
FAYETTEVILLE A Rogers con man was sentenced to more than eight years in federal prison, fined $150,000 and ordered to pay more than $2.5 million in restitution to the victims of at least five scams that used forged documents to obtain unclaimed property and cash.
Jim Bolt , 60, of Rogers pleaded guilty in January to one count of wire fraud, one count of mail fraud and one count of money laundering in a plea bargain with prosecutors.
The FBI launched an investigation in August 2012 into suspicious activity involving Situs Cancer Research Center, Bolt ‘s purported alternative cancer treatment clinic in Rogers. Prosecutors accused Bolt of committing mail and wire fraud by preparing and sending fraudulent documents containing forged signatures and false authentication features to various entities and individuals, He did so, according to the federal officials, to persuade them to send him unclaimed property, money and other assets from defunct companies.