Back in 2023, there were reports that then-Rep. Adam Schiff (D-CA), who was the frontrunner in the California Democratic Senate primary against Reps. Katie Porter and Barbara Lee, faced some scrutiny over his true primary residence.
An insider revealed that Schiff is “rarely at his California apartment,” a modest one-bedroom, one-bathroom unit. This information fueled speculation about his primary residence and his ability to truly represent the Golden State. Specifically, the following details were provided:
Deed records reveal that Schiff designated his Maryland property as his primary residence in 2003 when he purchased it for $870,000.In 2009, 2010, 2011, and 2012, Schiff refinanced his mortgage and consistently indicated the Maryland property as his primary residence.Los Angeles County deed records for Schiff’s Burbank condo, purchased in 2009 for $298,000, raise eyebrows as they were notarized in Maryland.The records feature alterations that replaced “California” and “Los Angeles” with “Maryland” and “Montgomery County,” listing Schiff’s Maryland address as the return address. This inconsistency further fuels doubts about his true primary residence.
Now, following a social media message from President Donald Trump, news reports indicate that the Federal Housing Finance Agency (FHFA) — which regulates Fannie Mae — sent a criminal referral to the U.S. Department of Justice (DOJ) concerning mortgage fraud allegations involving Schiff.
Trump, in a Truth Social post, labeled Schiff a “scam artist” and claimed he obtained a mortgage for a residence in Maryland in 2009 but only designated it as a second home in 2020 as part of a ruse to snag better rates and terms from the company, which has been in federal conservatorship since the 2008 financial crisis.The president said Fannie Mae’s Financial Crimes Division had uncovered the alleged fraud. Schiff obtained the Maryland property in 2009 while he was a congressman and became a senator in January.Schiff called the accusations “baseless.”
According to the New York Post, a senior administration official said that FHFA sent the criminal referral to the DOJ requesting further investigation.
“It is extremely serious and [Schiff] is not taking it seriously,” said that official — who added that the senator could face a criminal count for each time he paid his monthly mortgage bill.Trump told reporters on the White House lawn Tuesday that “I would have thought he covered his bases a little bit better than that. Adam Schiff is a low-life, he deserves what he gets.”Schiff is a former House intelligence committee chairman whose unproven claims about Trump’s ties to Russia enraged Republicans and led to his censure. He also served as chief manager in Trump’s 2020 Senate impeachment trial for pressuring Ukraine to investigate alleged Biden family corruption.
We will keep tabs on the developments. Meanwhile, it’s time to break out the “no one is above the law” retro-tweets.
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