2009 Indictment
On January 29, 2009, Cooley was indicted in California for his role in an alleged investment scheme associated with the sale of shares of Bidbay.com. The Oregonian reports that prosecutors claim more than $10 million was bilked from investors in the Bidbay sale of shares based on false statements. Cooley was charged with six counts of money laundering and one count of filing a false tax return in 2002 in an attempt to conceal more than $1.1 million in illicit income.
Read more about this topic: Wes Cooley
Famous quotes containing the word indictment:
“The indictment had never been clearly expressed,
And it seemed that the Snark had begun,
And had spoken three hours, before any one guessed
What the pig was supposed to have done.”
—Lewis Carroll [Charles Lutwidge Dodgson] (1832–1898)