Bolton trial continues, checks, bank records reviewed

Bolton trial continues, checks, bank records reviewed
Charles and Linda Bolton entering federal court. Source: WDAM

HATTIESBURG, MS (WDAM) - Court update 10:32 a.m. 

Court began at 9 a.m. with the government calling their sixth witness, CPA Renee Moore.

Moore worked for Nicholson & Company in 2009, before it changed names in 2016.

Evidence from government showed multiple checks that were listed as loans by the Boltons, and then claimed under capital contributions.

For years bank records showed that the Bolton's record a loss on their Sports 22 and Hall Avenue stores, but end up with a refund as well.

Numerous checks over the years were also compared with bank statements and notes by the Boltons.

The defense claimed in their opening statements that Charles was cashing checks for John Lee.

Evidence shown by the government reveal bank deposit forms show checks being deposited in accounts by Charles  pertaining to Sports 22, or Bolton's accounts.

Checks in question shown in court were all marked as loans, which resulted  in no taxes paid, and an understatement of income.

Court update: 1:00 p.m. 

Renee Moore continued testimony and said said she was unaware that checks from Manhein were being labeled as capital expenses.

From 2009 to 2013, Manhein paid the Boltons $384,019.44. Of that total, $76,607.54 was listed as loans.

Moore stepped off the stand before lunch. The government will call their seventh witness to the stand after lunch.

The government requested a motion to quash the casino records related to John Lee. The government argued that they held no weight in the case and were irrelevant.

Court update: 3:00 p.m. 

The government called their seventh witness, IRS Special Agent Bradley Luker.

Luker testified to hundreds of thousands of dollars that haven't been claimed, including cashed checks from 2009-2013.

Luker said the checks were cashed by the Boltons via Sports 22 and the Hall avenue package store totaling $273,520.00. He also said there is no evidence of what happened to that cash because the records stop at the bank.