Democrat former US Rep. TJ Cox indicted on federal money laundering and wire fraud charges

Was gonna post this the other day :point_up_2:

Scumbag.

Sound familiar?

Over the course of nearly a decade, Cox created a number of off-the-books bank accounts and lied to receive hefty loans, according to the indictment.

In two instances, Cox allegedly created off-the-book bank accounts and took funds from companies with which he was affiliated. In those schemes, Cox obtained over $1.7 million. In another Cox allegedly lied on an application to obtain a $1.5 million construction loan to develop an area in Fresno.

And in a fourth scheme, Cox allegedly received mortgage loan funds to buy property by submitting fabricated bank statements to the lender, and falsely claiming he intended to make that property his primary residence.

Cox also set up a plan to fund and reimburse donations to his 2018 congressional campaign from friends and family members, according to the indictment. The donations, prosecutors say, totaled more than $25,000.