Posted at: 05/03/2013 9:16 PM
By: The Associated Press
CHEYENNE, Wyo. (AP) - A New Mexico man has pleaded guilty to conspiracy to commit arson in the fire that destroyed the main building of the Hitching Post Inn, a landmark hotel in Cheyenne.
Fifty-two-year-old Ajay Jariwala of Albuquerque entered the plea early Friday evening before a federal judge in Cheyenne. He faces between five to six years in prison if the judge agrees to accept the plea after reviewing a presentence report.
Federal prosecutors say Jariwala was an officer in the company that bought the Hitching Post Inn for just over $1 million in early 2010. The indictment says Jariwala took out a $13.6 million insurance policy on the hotel before the fire that September.
Jariwala was the last defendant in the case. Two others already have pleaded guilty to related charges.
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