Arkansas State Senator Jake Files has plead guilty to fraud, money laundering, and bank fraud.

Files is accused of taking taxpayer for his own personal gain. He directed the Western Arkansas Economic Development District to award $46,500 to Fort Smith, and then part of the cash, once awarded, was distributed to Files’ construction company.

The rest of the money was then taken out and wired to his personal account.

Source: State Sen. Jake Files pleads guilty to fraud

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