Former U.S. Rep. Terrance John “TJ” Cox (D-Calif.) pled guilty on Monday to wire fraud and wire fraud affecting a financial institution, federal prosecutors announced.
Cox, 61, who represented California’s 21st Congressional District from 2019 to 2021, admitted to fraudulent schemes spanning several years that resulted in millions of dollars in losses.
According to the U.S. Attorney’s Office for the Eastern District of California, Cox executed multiple schemes between 2013 and 2018, diverting client payments and company funds into unauthorized bank accounts under his control. His actions resulted in the misappropriation of funds from companies with which he was affiliated, prosecutors said….