New York AG facing FBI investigation

 Federalist Wire:

...

In a stunning development, New York Attorney General Letitia James finds herself at the center of a criminal investigation launched by the FBI and the US Attorney’s Office in Albany. The probe, which focuses on allegations of mortgage fraud, has sent shockwaves through the political landscape, raising questions about integrity, accountability, and the pursuit of justice. A source close to the investigation confirmed to the New York Post that the inquiry is underway, marking a significant turn in James’ tenure as the state’s top legal officer.

The investigation stems from a referral by William Pulte, Director of the Federal Housing Finance Agency, who last month urged the Justice Department to examine James’ financial dealings. The Albany Times Union first broke the story, shedding light on claims that James may have manipulated records to secure favorable loan terms for properties in Virginia and Brooklyn. The case has been assigned to New York’s Northern District, under the leadership of US Attorney John Sarcone III, a known ally of President Trump.

At the heart of the probe are serious accusations detailed in Pulte’s letter to Attorney General Pam Bondi. According to the referral, James allegedly “falsified records” to obtain advantageous loans for a Virginia home purchased in 2023 and a Brooklyn residence she has owned since 2001. Pulte claims James misrepresented the Virginia property as her “principal residence” while serving as New York’s Attorney General and provided inaccurate details about the number of units in her Brooklyn home.

“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 wrote. If substantiated, these actions could lead to charges such as wire fraud, mail fraud, bank fraud, or making false statements to a financial institution, carrying significant legal consequences.
...

The allegation of mortgage fraud appears to have merit.  She apparently claimed a home in Virginia was her primary residence, while she was actually living in New York.  The claim was evidently made to get a lower interest payment on a mortgage for the property in Virginia. 

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