"LOS ANGELES (AP) — A former Oregon congressman has pleaded not guilty in Los Angeles to money laundering and tax charges relating to an investment scheme that allegedly cost investors more than $10 million.
Wes Cooley, who represented Oregon's 2nd Congressional District for one term in the 1990s, entered his plea Monday in federal court. (Cooley, a Reagan Republican, lied about his service in Vietnam.)
An indictment filed in January alleges the 76-year-old Cooley and two other men lured victims into purchasing unregistered stock in Bidbay.com Inc. by telling them the company would be acquired by eBay for $20 per share.
In 2002 alone, Cooley allegedly took more than $1.1 million in investor cash and laundered it to conceal the fraud scheme.
Richard A. Moss, Cooley's attorney, declined to comment on the charges."
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1 comment:
Now there is a bad, venal man.
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