Former U.S. Congressman Cooley Charged With Bilking Investors

Bloomberg reports:

Former U.S. Congressman Wester Cooley was charged with helping bilk investors out of more than $10 million in a scam, federal prosecutors said.

Cooley, 76, of Palm Springs, California, is charged with taking more than $1.1 million in investor money in 2002, laundering the money to hide the fraud scheme and using the money for his own benefit, U.S. Attorney Thomas O’Brien said today in a statement. Cooley represented Oregon’s 2nd Congressional District in the 1990s.

Here's more on Wester Cooley.