Virginia Grand Jury Refuses to Indict Letitia James

Virginia Grand Jury Refuses to Indict Letitia James

A grand jury in Alexandria, VA, refused to indict New York Attorney General Letitia James for alleged mortgage fraud.

The DOJ wants to revive its mortgage fraud case against James, which a judge dismissed last month after disqualifying the interim U.S. attorney.

The DOJ attempted to indict James last week, but the grand jury in Norfolk, VA, did not.

In October, a Virginia grand jury indicted James on two counts:

• Count one: Bank Fraud – 18 U.S. Code § 1344
• Count two: False Statements to a Financial Institution – 18 U.S. Code § 1014

In April, the Federal Housing Finance Agency (FHFA) referred James to the DOJ for alleged mortgage fraud.

“Based on media reports, Ms. Letitia James has, in multiple instances falsified bank documents and property records to acquire government backed assistance and loans and more favorable loan terms,” wrote Bill Pulte, director of FHFA, to Attorney General Pam Bondi.

Pulte added: “This has potentially included 1) falsifying residence status for a Norfolk, Virginia-based home in order to secure a lower mortgage rate and 2) misrepresenting property descriptions to meet stringent requirements for government backed loans and government assistance.”

In mid-August 2023, James allegedly gave someone power of attorney to establish the Virginia property as her “principal residence.”

At the end of the month, James purchased the property through her attorney.

“In a Fannie Mae/Freddie Mac Form 3047 and in mortgage documents, she reaffirmed this would be her primary residence, despite being a statewide public office holder in the state of New York at that same time and primarily residing in New York,” explained Pulte.

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