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Matthew Cox: evaluation

17 Jan 2024 Lex Fridman Podcast #409 – Matthew Cox: FBI Most Wanted Con Man – $55 Million in Bank Fraud

“A couple of weeks before the article is going to be published, he tells me Rolling Stone doesn’t want my name on the article because I’m in federal prison and it doesn’t look good, but don’t worry, he’s going to put my name in the article.”

— Matthew Cox

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Everything needed to verify it.

Speaker
Matthew Cox
Attribution
Verified speaker
Claim type
evaluation
Recorded
17 Jan 2024
Publisher
Lex Fridman Podcast

Transcript context

…. Frank said, “Go back. Go back and argue for more.” He said, “I think the judge is going to give you more. He’s going to give you at least between whatever he said, six or seven levels or something.” So I get moved all the way back to Atlanta. The FBI agent comes to talk on my behalf, the guy… Multiple people show up to talk on my behalf. They say… Millie, who I filed the 2255 against. So I’m basically saying, “You’re ineffective, you’re incompetent.” But she knows the game. She’s like, “I get it.” She gets on the stand and testifies for me. So the judge goes, “Listen…” I think we were asking for nine levels or something outrageous. Prosecutor starts arguing for one-level. And he said, “Listen, one-level is not nearly enough for what Mr. Cox has done.” He said, “Mr. Cox, I know you’re arguing for nine levels off. You’re [inaudible 05:11:22].” He goes, “That was never going to happen.” I was like… It felt like I got slapped. He said, three levels. “I’m going to go with three levels.” He goes, “Which is seven years.” Which he said, “For somebody who has no arrest associated with his case.” He said, “I think it’s pretty good,” and that’s [inaudible 05:11:44] judgment and blah, blah, blah, blah, blah. And he hammered, puts the gavel down and walks off and that’s it. It’s over, I get seven years. I was hoping for more. So I get moved back to Coleman. I get moved back to Coleman, and I go up to Frank and I said, “Frank, I got seven years off.” And he is like, ” I know.” I said, “And I don’t mean to sound unappreciative.” I said, “I was hoping for more.” He goes, “I was too.” He said, “It looks like we’re going to have to eat this elephant one spoonful at a time.” And he goes, “Something will come out. Something’s going to happen.” He said, “Keep your ears open. Something will happen.” And I said, “Okay.” And honestly, by that point, I’d done eight years, and I remember if I got a year off for the drug program and good time and this, I had about eight years left to go or something, nine years left. And I was like, “I can do that. I’ll write.” I’d been writing. By that point, I’d actually written a story. I got a book deal for Deboroli, and I ended up writing a synopsis of a guy’s story. And I got him in Rolling Stone Magazine. And I got a book deal for that. I got an advance. It was thirty-five hundred bucks for being in prison, a prisoner to get a thirty-five hundred in advance is like, “I’m a millionaire.” That’s a lot of money. And then we optioned the film rights. nce. It was thirty-five hundred bucks for being in prison, a prisoner to get a thirty-five hundred in advance is like, “I’m a millionaire.” That’s a lot of money. And then we optioned the film rights. Basically the synopsis that I wrote for this reporter, journalist for Rolling Stone, he goes to Rolling Stone with what I wrote and gives it to them, and they okay it, they say, “Yeah, this is great. We want you to write an article based on this.” He writes the article. He tells me that the article will be from his name Guy Lawson, Douglas Dodd, which is the name of the kid I wrote the memoir about, and Matthew Cox. A couple of weeks before the article is going to be published, he tells me Rolling Stone doesn’t want my name on the article because I’m in federal prison and it doesn’t look good, but don’t worry, he’s going to put my name in the article. And that’s just as good. And I argue it’s not just as good. It’s not. I’m like, “I would be a writer for Rolling Stone Magazine. You understand, I’m trying to come up with something here that I can rebuild my life as a true crime writer. That’s no good.” And that wasn’t so bad. That wasn’t the worst. The worst of it was 90% of the article that he published was taken directly from what I sent him. I mean, sick to my stomach, bro, just sick over it. But they option the life rights for that. And I got a piece of that. So there’s like $7,000. I get a cheque for that. So I’m thrilled I can keep writing. Because you have to understand, writing on the computer there they charge you. So I start… Oh, they charge you for phone calls, writing… Every single thing costs money. So I start writing all these guys’ stories. I start writing books. I went back to Atlanta, got seven years knocked off my sentence, come back, and I’m walking around the compound. Now, there was a guy that was there named Ron Wilson. Ron Wilson ran… If you look in the newspaper, it says it’s like a hundred million dollars Ponzi scheme. But really it was fifty-seven million dollars. He had lost fifty-seven million. So it says a hundred. They always exaggerate. Because fifty-seven is not enough. Ron ended up getting nineteen and a half years. Ron was an old conman, early sixties, sixty-two, sixty-one, I don’t know. And I liked Ron. So we’re walking around the compound and he’s like, “So what are you going to do? I mean, you eight or nine more years to go?” And I was like, “Yeah, I’m going to keep writing and when I get out of here, maybe I’ll have a huge body of work and maybe I’ll be to sell it, or maybe I’ll be able to option some more stuff. And if I could get together with Rolling Stone or get with some of these magazines, I could start writing for them and I could option those. Maybe I could walk out of here with something.” “Right, right, right.” So Ron was… Who’d only been locked up like a year or so. He was cooperating, with the Secret Service in his case, against some of his co-defendants. out of here with something.” “Right, right, right.” So Ron was… Who’d only been locked up like a year or so. He was cooperating, with the Secret Service in his case, against some of his co-defendants. So he’s already been debriefed and he’s cooperating. He’s actually thinking he might get brought back to have to testify at a trial. We’re talking and we’re walking, and he keeps saying, “Even if they charge those guys, and even if this happens, they’re not going to reduce my sentence. They’re not going to cut my sentence.” First of all, well, probably because you stole a bunch of money from pension funds and churches that didn’t help your case. But I don’t say that. So I say, “Oh, they have to, bro. They’ll have to, if you cooperate, they’re going to have to. And if they don’t, we’ll have Frank file a 2255.” And he’s like, “Ah, that crazy mother…” So he says, “Okay.” He’s like, “Yeah, yeah, you don’t understand. You don’t understand.” So this goes on for months. And I’m like, “What is the problem?” And he says, “They think I hid Ponzi scheme money.” And he’d actually dug up like five or six million dollars in Ponzi scheme proceeds that he dug. He buried in these… Literally buried in aluminum ammunition canisters. Super interesting guy. So he actually went and dug them up and gave them to him. And I’m like, “Well, you gave them all the money. You didn’t hide anything. Relax, it’s not a big deal. They’re not going to find anything, don’t worry about it.” And so he mentions it a couple of weeks later, a couple of weeks later, and then one day I go, “Bro, why do you keep bringing this up? What are you concerned about? It’s not going to happen.” And he said, “Can I trust you?” And I went, “Probably not.” And he goes, “I did hide some money.” I was like, “Okay.” I said, “Did you bury it in a can somewhere?” And he’s like, “No, I gave my wife 150,000 in cash.” I said, “Okay, well, she’s not going to say anything she’s using [inaudible 05:18:20].” He said, “No, you don’t understand. Since then she found out I was having an affair and we’re going to get a divorce. And she hates me. And I think she’ll turn that money in just to make sure that I don’t get a reduction.” Because if you lie to the FBI, it doesn’t matter what you’ve done for them, they won’t give you anything. And so, I’m sorry, the Secret Service or… Anyway, he has clearly lied to the Secret Service at this point. If she goes and says, “This is what he gave me.” So I was like, “Oh, wow.” And he’s like, “My brother’s holding maybe 30,000 for me.” And at that moment I was like, “Wow, this poor guy.” No, that’s not what I thought at all. What I thought was, “Is that enough to get me a sentence reduction?” And I went and I sat there, and you know what I thought? I thought, “No.” I thought, “That’s not enough. That’s not enough. It’s nothing. That’s not even $200,000.” And they didn’t want to give me a reduction. My prosecutor was pissed that I got seven years off. She wanted me to get 30 months. She’s not going to give me anything. It’s up to her. She’s not going to do it. So I go, I lay down, I go to bed. A month later, I’m on the phone with my lawyer.…

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