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
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“I do not know a method of drawing up an indictment against a whole people.”
—Edmund Burke (1729–1797)