In Red Dead Redemption for the PS3 and Xbox 360, there is a cheat you can turn on to instantly decrease your bounty. Once a cheat is turned on, you won’t be able to save your game and you won’t earn achievements, but you CAN save your ass from the law on your rampages!
To turn on cheats, go into Options, select Cheats and hit the Y button on the 360 or Triangle on the PS3 and enter the following code:
THEY SELL SOULS CHEAP HERE