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.
Overview
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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CBS News·2M·FAQ
Attorney General Letitia James is being investigated for allegedly falsifying documents to secure favorable mortgage loan terms by misrepresenting her residency status and the number of units in properties she purchased.
The claims were raised by William Pulte, head of the Federal Housing Finance Agency and a Trump appointee, who alleged that James misrepresented her primary residence status on mortgage applications.
Letitia James denies any wrongdoing and has called the allegations politically motivated, highlighting that she previously prosecuted Donald Trump for fraud.
The investigation involves the FBI's Albany office and the U.S. Attorney's Office in the Northern District of New York, with a federal grand jury impaneled in the Eastern District of Virginia.
The investigation has been viewed through a political lens, as James previously prosecuted Trump, leading to accusations from her political opponents that the probe is motivated by political vendettas and corruption within New York's Democratic leadership.
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