It's generally best not to be doing it yourself.
NY AG Letitia James (D), who was elected on the promise of "Getting Trump" and who prosecuted President Trump for alleged mortgage fraud for allegedly overstating the value of his properties in securing a loan (which was paid back in full), now faces prosecution for mortgage fraud in connection with a house she bought in Virginia.
CBS News: New York Attorney General Letitia James accused of possible mortgage fraud
New York Attorney General Letitia James has been referred for federal criminal prosecution for alleged mortgage fraud related to a Virginia home and a New York property.
William Pulte, director of the Federal Housing Finance Agency (FHFA), wrote a letter obtained by CBS News New York to U.S. Attorney General Pam Bondi alleging that James "has, in multiple instances, falsified bank documents and property records to acquire government backed assistance and loans and more favorable loan terms."
Details of the allegations
Pulte alleges James may have falsified her residence status at a home in Norfolk, Virginia, to get a better mortgage rate.
According to Pulte, in 2023 James granted Shamice Thompson-Hairston power of attorney to make the Norfolk property, purchased in August of that year, her "principal residence," despite James actually living and serving as attorney general in New York at the time.
But wait, there's more:
Pulte also alleges James bought a five-family property in Brooklyn in 2001 with a loan that is only available for homes with four units or less.
"Spanning the last two decades, Ms. James has consistently misrepresented the same property as only having four units in both building permit applications and numerous mortgage documents and applications," Pulte wrote. "It appears that Ms. James may have listed the Brooklyn, NY property as four units instead of five units in order to meet the conforming loan requirements, and thus receive better interest rates."
But wait, there's even more!:
It's also alleged James and her father signed mortgage documents in 1983 stating they were husband and wife.
"Ms. James, for both properties listed above, appears to have falsified records in order to meet certain lending requirements and receive favorable loan terms," Pulte concluded, adding that it could lead to charges such as wire fraud, mail fraud and bank fraud, along with making false statement to a financial institution.
Talk about keeping the fraud in the family.
Not a good look when you made your bones prosecuting someone who you allege did something you yourself have done, apparently on multiple occasions.
Worse for Ms. James, she's allegedly committed federal crimes with her acts of mortgage fraud, and she defrauded federal government lenders as well, so she can't count of the New York state judiciary to help her out.
Bring popcorn, this should get good.
2 comments:
I suspect that she will be forced out, but have little expectations that she will actually be prosecuted............
Matthew W: Since its the DOJ that;s doing the prosecuting I do hope they follow through. The Lawfare game she chose to play has consequences.
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