WASHINGTON – A former U.S. congressman has been charged with multiple alleged fraud schemes and campaign contribution fraud in a 28-count indictment unsealed Tuesday, the The Department of Justice announced.
Former Rep. TJ Cox, D-Calif., allegedly targeted companies with which he was affiliated and their customers and suppliers, illicitly obtaining more than $1.7 million between 2013 and 2018 in diverted customer payments, business loans and investments he sought and then stole, the judge said. the department said in a news release.
The former California congressman is also accused of perpetrating a scheme to finance and reimburse family members and associates for campaign donations in 2018, ultimately achieving more than $25,000 in illegal donations of straws or tubing for his campaign in 2017, according to the Department’s statement. of Justice. Other alleged schemes include obtaining mortgage and construction loans with false or misrepresented information.
Cox faces federal charges that 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 Justice Department said.
If convicted, he could face up to 20 years in prison plus $250,000 for wire fraud and money laundering, up to 30 years in prison and a $1 million fine for wire fraud involving a financial institution, and up to five years in prison plus $250,000. fine for campaign contribution fraud.
Cox was elected to the US House of Representatives in 2018, but lost his seat in 2020.
This article originally appeared on USA TODAY: Former California lawmaker TJ Cox faces federal fraud charges