TJ Cox, a former U.S. Representative from California, has been charged with two dozen counts of charges for wire fraud and money laundering.
The U.S. Department of Justice (DOJ) announced the charges in an Aug. 16 press release.
According to the DOJ, the charges include 15 counts of wire fraud, 11 counts of money laundering, one count of financial institution fraud, and one count of campaign contribution fraud.
The DOJ said that Cox allegedly “perpetrated multiple fraud schemes targeting companies he was affiliated with and their clients and vendors.”
Specifically, Cox created unauthorized, unrecorded bank accounts and used a series of “false representations, pretenses, and promises” to divert clients’ money into those accounts. In the five-year period between 2013 and 2018, Cox allegedly used this method to obtain over $1.7 million in client money and company loans and investment….