On January 29, 2018, Arkansas State Senator Jake C. Files pled guilty before Chief U.S. District Court Judge P. K. Holmes III of the Western District of Arkansas to an information charging him with one count of wire fraud, one count of money laundering, and one count of bank fraud.  Files admitted that, between August 2016 and December 2016, he used his government position to obtain state funds, known as General Improvement Funds (“GIF”), through fraudulent means.  Files submitted fraudulent bids to the Western Arkansas Economic Development District, in order to induce an award of $46,500 in GIF money.  Files then directed an associate to open a bank account and write a check of the GIF money to Files’s construction company and withdraw cash to be delivered to Files.  In addition, Files admitted to submitting a false loan application to secure approximately $56,700 from First Western Bank.  United States v. Files, 2:18-cr-20001 (W.D. Ark.)

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