New York Attorney General Letitia James finds herself embroiled in a federal investigation, facing serious allegations of mortgage fraud.
A grand jury in Virginia is currently examining claims that James may have falsified legal documents to secure more favorable loan terms. The investigation focuses on a 2023 power-of-attorney document where James allegedly declared a Norfolk, Virginia property as her "principal residence," despite her official residence being in Brooklyn, New York, where she serves as the state's top law enforcement officer.
According to Gateway Pundit, James is also accused of misrepresenting the unit count of her Brooklyn brownstone. She reportedly listed it as a four-unit property to qualify for better mortgage rates, even though city records indicate it has five units.
Further complicating her situation, a decades-old mortgage application allegedly listed James and her father as husband and wife, raising additional questions about her credibility.
During a press conference at the Association For a Better New York, James addressed the allegations, claiming that she is a victim of President Trump's "retribution" against her. She stated, "As you know, we filed a lawsuit against Donald, the former, Donald Trump, and his family. We secured a $454 million judgment against him, which is on appeal. The case is on appeal. I have no idea when that case will be decided. This investigation into me is nothing more than retribution."
James further explained the situation, asserting that the investigation is baseless and stems from a misunderstanding regarding a power of attorney. She clarified, "Its baseless. It has to do with the fact that on a power of attorney, I mistakenly indicated that I was a state of Virginia, but prior to that, I had indicted to the mortgage broker that, in fact, in bold cap letters that I was not a resident of Virginia and I never will be, and in the mortgage application, I indicated that I would not live in Virginia and that I was not a resident."
James emphasized that the power of attorney was never used to determine her mortgage eligibility for her niece's home in Virginia.
"They just took the power of attorney, and they are using that as the basis for enforcement for their investigation, when in reality, the power of attorney was never used to determine my eligibility for a mortgage for my niece for a home in the state of Virginia. My niece, who has children, and because I am a good aunt, I wanted her to have a home," she stated.
In response to these allegations, James has enlisted the services of high-profile defense attorney Abbe Lowell, with part of her legal fees reportedly covered by New York taxpayers. Should James be convicted of these charges, she could face disbarment, potential jail time, and an unlimited fine.
The unfolding legal battle poses significant implications not only for James's career but also for the political landscape, as it highlights the contentious relationship between her and President Trump.
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