In a dramatic turn of events, New York Attorney General Letitia James finds herself at the center of a legal storm, facing serious allegations of mortgage fraud.
A federal grand jury in the Eastern District of Virginia has indicted James on charges of bank fraud and making false statements to a financial institution, as outlined under 18 U.S.C. Sections 1344 and 1014, respectively. These charges stem from her dealings with a property in Norfolk, Virginia, known as the "Perrone Property."
The indictment, as reviewed by The Gateway Pundit, reveals that James was obligated to use the Perrone Property as her secondary residence, explicitly prohibiting its use for timesharing or any arrangement that would allow others control over the property. However, James allegedly treated the property as an investment, declaring rental income on her Schedule E tax form, which contradicts her claims of using it as a secondary residence.
Furthermore, she had signed a 'Secondary Home Rider,' committing to use the property as her personal residence. The indictment states, Despite these representations, the Perrone Property was not occupied or used by JAMES as a secondary residence and was instead used as a rental investment property, renting the property to a family of (3).
According to the Department of Justice, if convicted, James could face severe penalties, including up to 30 years in prison per count, fines reaching $1 million for each count, and forfeiture. The gravity of these charges has not deterred James from striking back, as she accused President Donald Trump of weaponizing the DOJ against her. In a video posted to X, she declared, These charges are baseless, and the presidents own public statements make clear that his only goal is political retribution at any cost.
As reported by Gateway Pundit, CNN's Anderson Cooper criticized James for her previous vow to target President Trump with legal action, even before examining any evidence. Cooper highlighted a viral video from 2018, in which James, shortly after her election, responded to a community activist's question about suing Trump by saying, oh, were going to sue him. Were going to be a real pain in the ass Hes going to know my name personally. Cooper remarked, I mean, thats not a great look for somebody who has just been elected, who has just been campaigning, who hasnt even looked. I guess, at at deeply at any evidence.
This unfolding saga raises questions about the integrity of those in positions of power and the potential misuse of legal systems for political gain. The charges against James, coupled with her previous statements about President Trump, cast a shadow over her tenure as Attorney General.
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