A federal grand jury in Virginia has charged New York Attorney General Letitia James with bank fraud. The indictment was announced after the jury deliberated on Thursday, according to sources.
The Justice Department initiated an investigation into James earlier this year over allegations of mortgage fraud. Previously, she secured a civil victory against President Donald Trump and his organization regarding claims of improper business practices.
A housing finance official alleged that James may have committed mortgage fraud by providing false or misleading information on property records. Specific instances cited include a loan application stating her Virginia property as her primary residence, a building record misrepresenting her Brooklyn multifamily property as having five residences instead of four, and a mortgage document falsely indicating she was her father’s spouse.
In September, a housing and finance industry insider revealed that James faces scrutiny for listing an investment property as her primary or secondary residence, potentially securing favorable loan terms.
James’ office and attorney have not yet responded to requests for comment.
