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Ex-Newport alderwoman pleads guilty in drug, money laundering scheme | News

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Ex-Newport alderwoman pleads guilty in drug, money laundering scheme
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A former Newport alderwoman pleaded guilty to charges stemming from a drug and money laundering scheme she operated with her husband who was a police officer at the time.

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In court Monday morning, Kathy Holt pleaded guilty to conspiracy to commit money laundering and three counts of money laundering. Officials dropped a perjury charge against her as part of her plea deal.

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A judge sentenced her to eight years for each of the four counts, which will run concurrently. But as part of her plea deal, Holt will only serve eight years on supervised probation.

Her husband, James Holt, is currently serving a 90-month prison sentence for his role in the drug trafficking ring. The ex-Newport captain was sentenced in November.

An undercover TBI investigation revealed that James Holt bought stolen property and sold it from convenience stores he owned with his wife in Newport. James Holt pleaded guilty in August to distributing hydrocodone and possessing a firearm while committing that crime. Newport police fired Holt later that month.

Another Newport police officer, Roger Lynn Schults, and Kathy Holt's son, Kenneth Myers, were also charged in the scheme.


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