A Bossier City couple was arrested late last week for carrying out a scheme to steal thousands of dollars and manipulate the sale of two homes for practically nothing from a dying man.
Michael Cox, 67, and his wife, Sharon Cox, 66, of the 200 block of Tealwood Drive in Bossier City, were arrested Thursday and Friday, respectively, following a 20-month-long investigation by the Bossier Sheriff’s Office into theft and money laundering.
Detectives discovered that Michael, acting as the attorney for one of his clients, made his wife, Sharon, the client’s power of attorney in May 2012. Michael then drew up a will with Sharon as the heir to all of the victim’s belongings and disinheriting the victim’s only child (who was a minor at the time).
Sharon, acting as the power of attorney, emptied out the bank account of the victim, some $69,000 in unsubstantiated cash withdrawals above and beyond his bills. She also failed to pay other debt, such as credit card bills, which eventually added up to thousands of dollars in debt in charge-back fees, late fees, and interest accumulation.
While the victim was hospitalized, Michael also drew up two cash sale deeds selling a home belonging to the victim in Rosedale subdivision in Bossier Parish and a home in Caddo Parish for $100 each to Sharon. The victim, through Sharon acting as power of attorney, continued to pay the mortgage on the Rosedale home and taxes on the Caddo home after this sale.
Detectives then say that shortly after these sales occurred, the victim began to reach out to different people complaining that he wanted to change his will and change his power of attorney, because he believed that Sharon and Michael Cox were stealing from him. However, the victim died before that could be completed.
In October 2015 in a civil suit filed on behalf of the victim’s only child, Judge Jeff Cox (no relation) nullified the validity of the will and the cash sale deeds to Sharon Cox. One of those reasons is because Michael Cox notarized the documents, and has never been a commissioned notary in the state of Louisiana (or anywhere else for that matter). He admitted that he knew that during the civil case.
Detectives also say that Michael, a former doctor whose medical license was suspended several times in the 1980s for narcotics-related offenses, and Sharon Cox have also filed documentation with the Bossier Clerk of Courts office declaring they are sovereign citizens and are not subject to federal income taxes.
Michael Cox was charged with felony theft (creating the wills, deeds and then notarizing them), money laundering (benefiting financially from money obtained illegally), and filing and maintaining false public records (falsely notarizing) and booked into the Bossier Maximum Security Facility late evening on Nov. 12 with a bond of $110,000.
Sharon Cox was charged with felony theft and money laundering and turned herself in and booked just before noon Nov. 13 with a bond of $100,000.
Michael and Sharon Cox posted bail around noon on Nov. 13.