Prison for ex-Oregon congressman in tax fraud case
LOS ANGELES (AP) — A former Oregon congressman has been sentenced to a year in federal prison for failing to report nearly $500,000 he received from a $10 million investment fraud scheme.
Los Angeles federal prosecutors say 80-year-old Wester Shadric Cooley, who lives in Bend, Ore., was ordered on Monday to serve a year and a day in prison starting March 11.
The judge also ordered Cooley to pay $3.5 million restitution to 400 investor victims and $138,000 to the Internal Revenue Service.
The Republican represented Oregon's 2nd Congressional District from 1995-1997.
Investigators say Cooley and two others lured victims into purchasing unregistered stock in Bidbay.com Inc. by falsely telling them the company was being acquired by eBay.
Cooley pleaded guilty to filing a false tax return and receiving $1.1 million during the scheme.
Copyright 2012 The Associated Press
When Wes gets out of the poky, he'll have the qualifications to be Treasury Secretary
Just another slime ball politician.
Cooley was a liar and a cheat when he was standing for election, and still people voted for him.
@Mechanic sounds an awful  lot like our current POTUS.......
 @kramr  @Mechanic Except one is a convicted felon and the other one is a guy you and some minority of the country don't happen to like.
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Get back to us when he's convicted of something. Then they'll sound an awful lot like each other. Until then, you're just another sore loser, man.
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you now no be qualify postee thingy here.
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Coul you a last proofread your posts before you pull the trigger?
Good.
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Ask Al Capone how long the reach of the IRS is.
Pay up taxpayers...
Recovering the economy, one tax-evading, investment scam artist at a time.
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 @wahooÂ
You are a small thinker.
Shocking, a republican stealing other people's money then refusing to pay taxes on it.
 @Ramsesthegreat Shocker, another idiot making it appear that only republicans are dishonest. Wanna guess who Bernie Madoff was affiliated with?
When all else fails, send the IRS after 'em... Â Good work, people..!
I hate scammers..!
Shocker...a Repub with tax issues......... Â : )
@PD1202  """"Shocker...a Repub with tax issues......... """""""
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Ya, cause there is such a shortage of tax cheats on the left....... NOTÂ Â :)
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Human nature is human nature regardless of what side of the fence you are on.
Just like Geighner, just one of Obama's tax cheats.
Geithner