FRESNO, Calif. – Former U.S. Representative Terrance John “TJ” Cox, 61, of Fresno, pleaded guilty to wire fraud and wire fraud affecting a financial institution, according to the U.S. Attorney’s Office, Eastern District of California.
The charges stem from Cox’s involvement in orchestrating fraudulent schemes targeting businesses and clients he was affiliated with. Court documents reveal that between 2013 and 2018, Cox created unauthorized bank accounts and diverted company funds into them by making false representations and promises.
The fraudulent activities included obtaining client payments, company loans, and investments, which Cox illicitly solicited and stole. Notably, Cox fraudulently secured a $1.5 million construction loan to develop Granite Park, a recreational area in Fresno.
The loan was contingent on a financially viable party guaranteeing it. Cox falsely claimed that one of his affiliated companies would guarantee the loan and submitted a fabricated board resolution to back the claim. However, no such meeting occurred, and the other company owners never agreed to guarantee the loan. Ultimately, the loan defaulted.
Cox’s sentencing is scheduled for June 2, 2025. He faces up to 30 years in prison and a fine of up to $1 million.
