Letitia James Indicted For Mortgage Fraud
New York Attorney General Letitia James has been indicted by a Virginia grand jury on charges related to bank fraud, according to reports. The indictment stems from allegations that James misrepresented property details to secure favorable mortgage loans-a charge similar to accusations she previously brought against former President Donald trump. Specifically, James is accused of falsely claiming a Virginia property as her primary residence, despite legal requirements to have her principal residence in New York. Additionally, she allegedly misrepresented details about a Brooklyn multi-family unit to meet lending criteria. These allegations come after a criminal referral for mortgage fraud was recently issued against her. Throughout her tenure, James has firmly stated that “no one is above the law” and emphasized equal legal standards for all. Previously, James aggressively pursued Trump for allegedly inflating his wealth to obtain better loan terms, resulting in a costly penalty that was later overturned on constitutional grounds.
A Virginia grand jury indicted New York Attorney General Letitia James on Thursday, according to reports.
A jury of her peers in the Eastern District of Virginia made the decision to indicte James, and while the details of James’ indictment were not immediately available, Reuters reported James was indicted for bank fraud, citing a source familiar with the matter.
Notably, James was hit with a criminal referral just recently for alleged mortgage fraud.
James allegedly misrepresented property details to secure favorable loan terms — the same thing she took Trump through the wringer for just last year.
According to an earlier report from the New York Post, which obtained a letter sent to Attorney General Pam Bondi from Federal Housing Finance Agency Director William Pulte, James allegedly “falsified records” to obtain loans for her home in Virginia that she claimed was her “principal residence.”
James, both at the time and currently, is the New York attorney general.
As Pulte reportedly wrote in the letter, James is “required by law to have her primary residence in the state of New York — even though her mortgage applications list her intent to have the Norfolk, VA, property as her primary home.”
James was further alleged to have “consistently misrepresented” a five-family unit she previously purchased in 2001 in Brooklyn “as only having four units in both building permit applications and numerous mortgage documents and applications.”
Pulte alleged that James “appears to have falsified records in order to meet certain lending requirements and receive favorable loan terms,” according to the NYP report.
James has consistently proclaimed that “nobody is above the law” and that “there simply cannot be different rules for different people.”
“When powerful people cheat to get better loans, it comes at the expense of hardworking people. Everyday Americans cannot lie to a bank to get a mortgage, and if they did, our government would throw the book at them,” James said in a post on X.
James waged lawfare against Trump after campaigning on targeting him. James accused Trump of inflating his personal wealth to get more favorable loan terms. Notably, none of the banks, insurers, and others who worked with Trump claimed to have been injured.
Despite no victims, Trump was ultimately found liable and ordered by Judge Arthur Engoron to pay a penalty that would ultimately exceed $500 million. Trump appealed the exorbitant ruling, and in August, a New York appellate court tossed out the “unconstitutional” civil fraud penalty.
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