Former California Democratic Congressman T.J. Cox is going through quite a few fees of fraud and cash laundering, which led to his arrest in Fresno, California, on Tuesday morning.
Based on the Division of Justice, he “is charged with 15 counts of wire fraud, 11 counts of cash laundering, one rely of monetary establishment fraud, and one rely of marketing campaign contribution fraud.”
They clarify that he allegedly “perpetrated a number of fraud schemes,” together with creating hidden financial institution accounts, which led to him “illicitly receive[ing]” $1.7 million from purchasers, enterprise loans, and investments.
Notably, he allegedly organized a scheme to funnel $25,000 to his marketing campaign illegally as “straw or conduit donations” in his 2018 congressional marketing campaign, the assertion mentioned. This meant that he allegedly had a plan “to fund and reimburse members of the family and associates for donations.”
The Democrat may resist a most of 20 years behind bars and a $250,000 positive for cash laundering and wire fraud if convicted, in keeping with the Division of Justice assertion. For “wire fraud affecting a monetary establishment and monetary establishment fraud”, he may face a most of 30 years in jail and a $1 million positive.
For the marketing campaign contribution fraud, he would face a most of 5 years behind bars and a $250,000 positive.
Cox solely served one time period in Congress. Republican Rep. David Valadao presently holds the seat and he held the seat earlier than the Democrat as nicely.
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