Oh, Happy Day (Gwen Moritz Editor's Note)

by Gwen Moritz  on Monday, Jan. 20, 2014 12:00 am  

Jim Bolt

Several people, some of them victims of Jim Bolt, have asked me how long he’ll spend in federal prison. I’m not a lawyer, and I’ve been wrong before — I wrongly predicted that Lu Hardin would serve time — but I expect five to eight years.

It should be longer, in my opinion, because serving time in prison never rehabilitated Bolt before. But his two previous convictions were a long time ago. (He was acquitted — which isn’t the same as being innocent — back in 2007 when prosecutors from D.C. came down to try him and others for investment fraud. But that’s another story.)

Another thing that makes me happy is this: The federal justice system doesn’t have a parole program, so Bolt will serve virtually all of the time to which he is sentenced.

Gwen Moritz is editor of Arkansas Business. Email her at GMoritz@ABPG.com.



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