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An Oregon real estate broker, who drafted fake property leases after one of the illegal marijuana grows owned by her client was raided, has pleaded guilty to avoiding reporting requirements and obstruction of justice.
According to a news release by the U.S. Attorney’s Office for the District of Oregon, forty-six-year-old Tyra Foxx assisted her client, Jose Orozco, with the purchase of agricultural properties to grow marijuana and hemp between January and November, 2020.
She Did Not Process Cash Transactions Through Escrow
Court documents reveal that Foxx made large cash payments directly to the owners of the agricultural property, rather than processing the transactions through an escrow account.
Even though Foxx was aware that RE/MAX did not accept cash payments, she converted $100,000 into money orders and also used the trust account of a third-party broker to transfer more than R2 million into escrow accounts.
Court documents reveal that Foxx failed to file a Form 8300, as required, after receiving $175,000 from Orozco to purchase agricultural land in Josephine County on October 13, 2020. Instead, she transferred the money to a trust account held by a client at another real estate office.
This action resulted in a Currency Transaction Report filed in the name of the other real estate office, instead of in Orozco’s name.
She Suggested Phony Construction Liens to Prevent the Forfeiture of the Agricultural Land to the IRS
When Foxx learned that law enforcement had raided one of her client’s illegal marijuana grows, she drafted fake property leases and suggested that Orozco place phony construction liens on the property to prevent forfeiture of the land to the Internal Revenue Service (IRS) and Homeland Security Investigations (HSI).
Foxx is facing between 10 and 20 years in prison and a maximum fine of $500,000. She will be sentenced on May 11 before a U.S. District Court judge.
Meanwhile, Jose Orozco has pleaded guilty to money laundering and is scheduled to appear on April 6.
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