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Bolt to stay in jail as FBI investigates murder link.

James W. Bolt will be staying in jail after a federal court hearing Wednesday in which an FBI agent said the Rogers businessman was suspected of being an accessory to a 2011 murder in southwest Missouri.

Bolt, 60, has been held in the Benton County jail since his arrest Aug. 29 on a federal complaint alleging 12 counts of mail fraud, wire fraud and money laundering--crimes for which pretrial release is routine.

But at the detention hearing in Fayetteville before U.S. Magistrate Erin Setser, FBI Special Agent Robert Cessario testified that Bolt was also being investigated for a possible connection to the Feb. 20, 2011, murder of Jack McCain, 67, of Rogers.

Fred Bremer, 39, of Rogers was charged last month in McDonald County, Mo., with first-degree murder. He allegedly drove McCain to a site near Powell, Mo., where McCain was shot repeatedly and left dead.

Bolt has not been charged in the McCain case. Cessario, however, said that the FBI had found on Bolt's computer recorded phone calls between Bremer, Bolt and McCain made near the time of McCain's murder. A news release issued by the U.S. Attorney's office said testimony at the hearing indicated that Bolt had helped Bremer "concoct an alibi" for the murder.

Bolt was charged with six counts of mail fraud, four counts of wire fraud and two counts of money laundering. One count of mail fraud, the four counts of wire fraud and the two money laundering charges relate to a previously disclosed scheme by which Bolt allegedly claimed early this year $1.9 million worth of stock listed as unclaimed property by the state of California.

The other five counts of wire mail fraud involve an earlier scheme, from 2011, by which Bolt allegedly received more than $150,000 by similarly laying claim to unclaimed property listed by the California State Controller's Office.

Bolt has not entered a plea to the fraud and money-laundering charges.

In an affidavit filed last month in federal court, Cessario said Bolt had used backdated documents bearing forged signatures and phony notarization to make it appear that executives of a company called Pacific Financial Research Inc. had donated $1.9 million worth of stock to a company called Life Preservers Inc., which was later renamed Situs Cancer Research Center.

Bolt, according to Cessario, represented that he was executive director of Situs, and he claimed PFR's unclaimed stock on Situs' behalf, ordered the stock sold and then used the proceeds to buy real estate, two used vehicles and five used aircraft.

The newly revealed scheme from 2011 involved unclaimed property belonging to a company called In House Pharmacies Inc., which was being held by a company called Express Scripts Inc. As with the PFR claim, Bolt allegedly produced documents indicating that In House Pharmacies had donated the money to another of Bolt's corporate entities, Woodland Cancer Research Center, which was supposedly merged with Situs. Based on the documentation he provided, Express Scripts Inc. issued five checks payable to Situs totaling $153,444.74, all on April 12, 2011.

Caption: James William "Jim" Bolt in a mug shot taken at the Benton County jail on Aug. 30, 2013, the day after he was arrested on a federal complaint alleging wire fraud, mail fraud and money laundering. [SUBMITTED PHOTO]
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Title Annotation:Legal
Comment:Bolt to stay in jail as FBI investigates murder link.(Legal)
Author:Moritz, Gwen
Publication:Arkansas Business
Geographic Code:1U4MO
Date:Sep 9, 2013
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