Arkansas Business' 25 Outlaws, Scoundrels & Posers (25th Anniversary)

by Arkansas Business Staff  on Monday, Mar. 23, 2009 12:00 am  

Frost was convicted of stealing more than $1.8 million during 1993-97 from Springdale's Harvey & Bernice Jones Charitable Trust. He was paid $1.1 million for managing the trust finances during that time.

Irregularities in his handling of the trust led to his dismissal and a civil suit in March 1997 followed by a criminal indictment two years later.

Frost was found guilty of one count of mail fraud, two counts of wire fraud, 61 counts of money laundering, three counts of filing a false tax return and one count each for making a false declaration before a grand jury and obstructing a grand jury investigation.

Frost was a long-time friend of Jones Truck Line founder Harvey Jones, who died in 1989. He had served as a co-trustee of the couple's namesake trust since its founding in 1988.

21. Jim Bolt, Melvin Robinson, John Dodge & Juan Gomez
For varied investment opportunities backed by litigious zeal, it would be tough to beat the team of Jim Bolt, Melvin Robinson and their energetic lawyer, John Dodge.

They have sued the FBI, the Arkansas Securities Department, the National Association of Securities Dealers – and Arkansas Business Publishing Group, after we put their business ventures under the microscope in 2002.

Bolt, Robinson and Dodge drew the scrutiny of the FBI when they attempted to line up investors in a company that claimed a breakthrough in cancer treatment, but a Fayetteville jury acquitted them of securities fraud in 2007. 

The NASD said Bolt had "been convicted of a string of crimes that evidence a fundamental dishonesty running back 30 years." Robinson, also a convicted fraudster, served federal prison time with Bolt during the 1990s.

And Juan Gomez? Arkansas Business Publishing Group sued him, along with Bolt and Dodge, for infringing on our trademark by incorporating something called Arkansas Business Publishing Group Inc., but we honestly don't know whether he ever existed.

22. Keith Moser
Somewhere between Little Rock and Detroit, Keith Moser took a wrong turn at Albuquerque and ended up in Madagascar. In February 2004, the Little Rock tax lawyer was scheduled to plead guilty in federal court in Michigan to tax evasion, money laundering and obstruction of justice.

Instead, Moser fled to the African island nation famed for its lemurs, where he was captured a month later. His flight only served to delay judgment and add to his charges.

Moser was sentenced to 188 months in prison on May 6, 2005, after pleading guilty to 13 felony counts. He also was ordered to pay $2.25 million in restitution to make amends for his fraudulent schemes during 1996-2004. His crimes included tax evasion, attempted extortion and stealing money from client trust accounts to help support a lavish lifestyle that included gambling, a new house and a pretty, young wife.

 

 

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