Federal Investigation Launched Into Attorney General Letitia James Over Mortgage Fraud Allegations
The FBI is investigating AG Letitia James for allegedly falsifying documents to secure favorable mortgage rates amid ongoing political tensions with Donald Trump.
Summary
Federal prosecutors are investigating New York Attorney General Letitia James for allegedly falsifying documents to obtain better mortgage rates. The FBI and U.S. Attorney's Office in Albany are examining claims from William Pulte, head of the Federal Housing Finance Agency. He alleges that James misrepresented her residency status and the number of units in properties to secure government-backed loans. James, who previously prosecuted Trump for fraud, denies these allegations, calling them politically motivated. The probe raises significant legal implications and highlights ongoing tensions between James and Trump’s allies amid his appeals against a $500 million civil fraud ruling.
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The Guardian·23d· "…The investigation marks a swift and notable escalation against James, a major political enemy of Donald Trump, who was ordered to pay more than $450m in penalties as a result of a lawsuit brought by James’s office that accused him of inflating his net worth to secure financial benefits."
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- 23d