REPORT: Former Democratic Rep. Indicted For Fraud, Faces Up To 55 Years In Prison

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DAILYCALLER.COM:

A federal grand jury indicted former Democratic California Rep. TJ Cox on 28 charges stemming from an alleged scheme run out of a business development organization he previously served as president.

Cox, who served a single term in Congress from 2019-2021, is charged with 15 counts of wire fraud, eleven counts of money laundering, one count of financial institution fraud, and one count of campaign contribution fraud, the Department of Justice (DOJ) said in a statement. He faces up to 55 years in prison and a $1.5 million fine if he is convicted of all charges.

The article goes on to state the following:

The indictment, filed Aug. 8 and unsealed Tuesday, was first reported by the San Joaquin Valley Sun. The Fresno County Sheriff’s Office booked Cox on Tuesday morning.

The DOJ wrote in the release, “According to allegations in the indictment, Cox also fraudulently obtained a $1.5 million construction loan to develop the recreation area in Fresno known as Granite Park. Cox and his business partner’s nonprofit could not qualify for the construction loan without a financially viable party guaranteeing the loan. Cox falsely represented that one of his affiliated companies would guarantee the loan, and submitted a fabricated board resolution which falsely stated that at a meeting on a given date all company owners agreed to guarantee the Granite Park loan. No meeting took place, and the other owners did not agree to back the loan. The loan later went into default causing a loss of more than $1.28 million.”

Reporter Aaron Navarro tweeted Tuesday, “Former Democratic #CA21 Rep. TJ Cox was charged with 15 counts of wire fraud, 11 counts of money laundering, one count of financial institution fraud, and one count of campaign contribution fraud, per the DOJ.”

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To get more information about this article, please visit DAILYCALLER.COM.

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  1. Those are all normal democratic things he has done. He must not be liked or they would have taken real good care of him and he would be a multi millionaire by now


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