Letitia James Pleads in Federal Mortgage Fraud Case

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Letitia James Pleads in Federal Mortgage Fraud Case

New York Attorney General Letitia James faced federal charges for bank fraud and making false statements during a home purchase. She was arraigned on these felony charges at the U.S. District Court in Norfolk, Virginia, on Friday. James pleaded not guilty to the allegations.

Details of the Case Against Letitia James

The charges stem from James’s 2020 acquisition of a home in Norfolk, Virginia. Prosecutors assert that she misrepresented the property’s status while applying for a loan. According to the indictment, James falsely claimed the property would serve as her secondary residence, while it was, in fact, rented out to another family.

Financial Implications

Prosecutors allege that her misrepresentation enabled her to secure a lower interest rate, saving nearly $19,000 over a 30-year mortgage term.

Legal Representation and Reactions

James entered her plea before U.S. District Judge Jamar K. Walker. She is being defended by Abbe Lowell and Andrew Bosse, a former assistant U.S. attorney. Following the arraignment, James expressed her belief that the charges are politically motivated. She criticized the prosecution as a continuation of political vendettas against her and other opponents of former President Donald Trump.

Political Context

James, a Democrat, has been an outspoken critic of Trump since her 2016 campaign.
Last year, she successfully pursued a civil fraud case against Trump, which resulted in significant penalties that were later overturned on appeal.
Her indictment was presented by Lindsey Halligan, an aide to Trump, who was appointed as acting U.S. attorney for the Eastern District of Virginia.

Next Steps in the Legal Proceedings

After her arraignment, James’s legal team is likely to file motions challenging the legitimacy of her prosecution. They may argue that the case is a result of vindictive political motivations and raise concerns about Halligan’s appointment.

Statement from Letitia James

Speaking to reporters outside the courthouse, James claimed that the Justice Department is being misused for political retaliation. She remarked, “Never cow down or break or bend,” emphasizing her resolve to fight the charges.