Discover Top American-Made Products!
Support local craftsmanship with these high-quality, American-made items—shop now on Amazon!
Shop NowNews just broke today that former U.S. Rep. TJ Cox (D-CA) has been indicted on 28 felony counts of fraud.
The Department of Justice shared in a statement that the total 28 counts are made up of 15 counts of wire fraud, 11 counts of money laundering, one count of financial institution fraud, as well as one count of campaign contribution fraud in the Eastern District of California.
According to prosecutors, companies Cox had affiliated with were targeted by setting up secret bank accounts which he diverted their money into “through false representations, pretenses and promises.”
Apparently Cox illegally obtained over $1.7 million over the course of multiple years beginning in 2013.
Not to mention, the former congressman was also involved in defrauding a mortgage lender, thanks to false statements and “fabricated bank statements.”
Additionally, Cox is being accused of getting a $1.5 million loan through fraudulent means, which was intended to be used for the development of a recreational area.
Allegedly, Cox created false documents to claim that one of his affiliate businesses held a meeting to approve backing of the loan to qualify for the loan. Prosecutors are stating that this meeting was fabricated and the loan eventually defaulted, causing a $1.3 million loss.
The DOJ has also revealed that Cox created a scheme “to fund and reimburse family members and associates for donations to his campaign” in 2018 for U.S. Congress.
Cox is looking at more than 55 years in prison and over $1.5 million in fines total if convicted.
