A federal grand jury in Virginia has charged New York Attorney General Letitia James with bank fraud. The indictment was announced as the grand jury convened in the Eastern District of Virginia court to assess the allegations, according to sources cited by Fox News.
The Justice Department initiated an investigation into James earlier this year over claims of mortgage fraud. She previously secured a civil victory against former President Donald Trump and his organization in a case involving alleged business misconduct.
Federal Housing Finance Director Bill Pulte accused James of potentially engaging in mortgage fraud by submitting false or misleading information on property records. Specific allegations include a loan application falsely 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 incorrectly identifying her as the spouse of her father.
In September, a housing and finance industry insider revealed to Fox News that James faced scrutiny for designating an investment property as her primary or secondary residence, which could have secured more favorable loan terms.
Fox News Digital has contacted James’ office and legal representatives for comment.