Arkansas State Senator Pleads Guilty to Wire Fraud, Money Laundering and Bank Fraud

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Arkansas state Sen. Jake Files has pleaded guilty to wire fraud, money laundering and bank fraud in connection with a $46,500 grant he fraudulently obtained for use on a local sports complex.

Files, 45, was accused of obtaining government money known as General Improvement Funds (GIF) by submitting fraudulent bids, then directing an associate to open a bank account under her name to conceal his role as the ultimate beneficiary of the GIF award.

When a first installment of about $26,900 was wire transferred from the city of Fort Smith to the associate’s bank account, the associate withdrew about $11,900 of the funds in a cashier’s check made payable to FFH Construction, Files’s construction company, and the rest in cash. The associate then hand-delivered the check and the cash to Files who, in turn, deposited the check into his personal bank account.

Files also admitted to submitting a materially false loan application in November 2016 as part of a scheme to secure roughly $56,700 from First Western Bank.

Read more here: swtimes.com


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