Letitia James campaigned for her New York AG job by vowing to get Trump – for what, she didn’t yet know. But like Beria, she would find the offense, charge him with it, and convict him.
She succeeded in all those things. She was elected. She found a supposed offense, although Trump’s record was so relatively clean that she had to apply a law to a real estate valuation situation that hadn’t hurt anyone, and to a practice that was actually standard in the business. The law had never been applied to anyone in the way she applied it to Trump, but in the very anti-Trump venue in which the case was tried, she won.
But a funny thing happened on the way to the 2024 election: Trump became president-elect. Oops! And then the MSM began to bleat about how bent on “revenge” he would be.
One might expect that during this whole escapade Letitia James would have made sure her own personal behavior was squeaky-clean. But then, one would have expected the same of Fani Willis under similar circumstances. But one would have been wrong.
Now we see that that James has been referred to the DOJ to possibly be charged with, of all things, real estate fraud and in particular mortgage fraud. And this appears to be a much more straightforward case of actual fraud:
Federal Housing Finance Agency (FHFA) Director William Pulte sent the missive to Attorney General Pam Bondi and Deputy AG Todd Blanche, alleging that James had “falsified records” to get home loans for a property in Virginia that she claimed was her “principal residence” in 2023 — while still serving as a New York state prosecutor.
That occurred in late August 2023, weeks before James began her civil fraud trial against the Trump Organization for overinflating the values of many of its properties, which ended in a $454 million judgment.
“Ms. James was the sitting Attorney General of New York and is required by law to have her primary residence in the state of New York — even though her mortgage applications list her intent to have the Norfolk, VA, property as her primary home,” the letter stated.
“It appears Ms. James’ property and mortgage-related misrepresentations may have continued to her recent 2023 Norfolk, VA property purchase in order to secure a lower interest rate and more favorable loan terms.” …
In February 2001, James also purchased a five-family dwelling in Brooklyn — but has “consistently misrepresented the same property as only having four units in both building permit applications and numerous mortgage documents and applications,” the letter noted.
That last bit would have gotten her more favorable loan terms as well. There’s also an application on which she lists her father as her husband – yes, which would have gotten more favorable terms as well (James is single). These certainly are credible evidence of straight-up mortgage fraud, no law-twisting needed.
As Jonathan Turley says:
There could be statute of limitations issues, though James herself showed such such statutory periods can be stretched. James has issued a statement of defiance and suggests that this is lawfare or bullying by the Trump Administration. …
Notably, the Justice Department has prosecuted those who have committed this common fraud.
For example, in 2017, it charged a man in Puerto Rico with false statements on a reverse mortgage loan application in which he falsely claimed the property as his principal residence.
It emphasized that “mortgage lenders provide capital so people can purchase homes, not enrich themselves illegally.”
There are other such cases under 18 U.S.C. 1014 and related laws.
James could claim that these representations were made by a third party acting on her behalf.
However, that is precisely the argument that she repeatedly rejected in the Trump case, insisting that he was legally obligated to review all filings made in his name or that of his companies.
This potential prosecution seems to me to be both justice and also poetic justice. And yes, it also serves as revenge, but it doesn’t consist of cooked-up lawfare with ridiculous claims. Let’s see how it plays out, which depends in large part on the federal venue chosen.
Wny was James so careless or reckless, despite knowing she was about to try to bring down the leading GOP candidate? My guess is that she was accustomed to being untouchable legally, and certainly never thought Trump would end up as president. “When you strike at a king, you must kill him” is a famous quote attributed (perhaps falsely) to Emerson. James thought she had killed the king, but it turned out it wasn’t checkmate.