Reports indicate that the Federal Bureau of Investigation (FBI) has initiated a criminal inquiry into New York Attorney General Letitia James (D), who previously targeted President Donald Trump over claims of mortgage fraud.
According to New York Post, a new U.S. Attorney’s office will be established in Albany to further this investigation.
William Prute, director of federal housing finance agencies, has urged the U.S. Department of Justice (DOJ) to investigate James. It appears that the upstate New York district, where Pulte’s initiative was introduced, will be overseen by Attorney John Sarcone III, who is an ally of President Trump.
Pulte has alleged that James “falsified records” in order to secure lucrative loans for her properties. Specifically, she reportedly claimed her Virginia residence would serve as her primary home while in her role as New York’s attorney general.
Furthermore, she stands accused of misrepresenting the total number of units in her Brooklyn properties. Possible charges she might face include wire fraud, mail fraud, bank fraud, and making false statements to financial institutions.
Concerning the Brooklyn property, which contains five units, James is said to have only listed four in her license application and mortgage documentation.
Previously, James has dismissed these allegations as “basic” and suggested that the referral was part of a “revenge tour” orchestrated by the president, following civil fraud charges against him and his business, the Trump organization.
In February 2024, after a fine of $354 million was imposed on Trump by Judge Arthur Engoron in a lawsuit initiated by James, she remarked, “everyone has to play by the same rules.”
Joel B. Pollak of Breitbart News noted:
However, an analysis of 70 years of legal history conducted by the Associated Press revealed no precedent for suing individuals or companies over alleged inflation of real estate values when no victims have been identified.
This suggests that James may have subjected Trump to a different standard.
In a pointed comment, conservative lawyer Mike Davis warned James in November, “We’re going to put your fat ass in prison.”
He added, “Think long and hard before you consider infringing upon President Trump’s constitutional rights or any other American’s rights. That will not be tolerated.”
Recently, social media users expressed their thoughts on the situation, with one user stating that it was “encouraging to see the Fed get involved,” suggesting that if the matter remained at the state level, James would likely evade serious consequences.
Another individual quipped, “What on earth is happening? Isn’t this poetic justice?”
