The Grand Jury for the Eastern District of Virginia charges…
Hahahahaaaahahahaaaaahahaa!
Fine this hypocritical liar $362.8M.
Oh… $454.2M, including interest…
COUNT ONE
18 U.S.C. § 1344 (Bank Fraud)
1. Paragraphs 1 through 5 of the General Allegations are realleged and incorporated by reference as if fully set forth herein.
2. From in or about 2020, and continuing thereafter, in the Eastern District of Virginia and elsewhere, the defendant herein, LETITIA A. JAMES, did knowingly execute and attempt to execute a scheme and artifice to defraud a financial institution, that is, [Bank Name Redacted in Public Excerpts, but reported as a federally insured lender], and to obtain moneys, funds, credits, securities, and other things of value owned by and under the custody and control of such financial institution, by means of false and fraudulent pretenses, representations, and promises.
Manner and Means of the Scheme
3. It was a part of the scheme and artifice for the defendant to:
a. Submit and cause to be submitted a residential mortgage loan application to the Victim Bank for financing in connection with the purchase of real property located at [Address Redacted, but publicly identified as a single-family residence in Norfolk, Virginia, purchased for approximately $137,000 in 2020];
b. Knowingly and falsely represent in the loan application and related documents, including a Second Home Rider, that the property would be used as her “second home” for personal use and enjoyment, when in truth and fact, as the defendant then well knew, she intended to use the property primarily as an investment and rental property;
c. Sign and execute the Second Home Rider, which prohibited rental of the property for more than one year following closing without lender approval, despite her intent to rent it immediately or shortly thereafter to third parties;
d. Obtain a favorable interest rate and loan terms based on the false representation of personal use, thereby defrauding the Victim Bank of the difference in rates it would have charged for an investment property;
e. Rent the property to a family of three shortly after closing, in violation of the loan terms, generating rental income while concealing the true use from the lender.
Overt Acts
4. On or about [Date Redacted, 2020], the defendant executed the mortgage loan closing documents containing the false representations.
5. Beginning in or about [Date Redacted, within one year of closing], the defendant listed and rented the property via a real estate platform, receiving monthly rental payments exceeding $1,500.
All in violation of Title 18, United States Code, Section 1344.
COUNT TWO
18 U.S.C. § 1014 (False Statements to Financial Institution)
1. Paragraphs 1 through 5 of the General Allegations are realleged and incorporated by reference as if fully set forth herein.
2. On or about [Date Redacted, 2020], in the Eastern District of Virginia and elsewhere, the defendant herein, LETITIA A. JAMES, did knowingly make a false statement and overvalue land and property for the purpose of influencing the action of a financial institution, that is, [Bank Name Redacted], upon a loan and credit application, and any change or extension thereof, with intent to influence the action of said institution, knowing that such statement was false.
The False Statement
3. Specifically, the defendant falsely certified in the Uniform Residential Loan Application (Form 1003) and the Second Home Rider that the Norfolk property would be occupied as her second home and not used for investment or rental purposes, when, as she then and there well knew, such representation was false.
All in violation of Title 18, United States Code, Section 1014.
GENERAL ALLEGATIONS
1. At all times material to this Indictment: a. LETITIA A. JAMES, DOB [Redacted], was the Attorney General of the State of New York, residing primarily in Brooklyn, New York. b. The Victim Bank was a federally insured financial institution engaged in the business of making residential mortgage loans, with offices in Virginia. c. The Norfolk Property was a single-family residence purchased by the defendant on or about [Date Redacted, 2020], for $137,000, financed in part by a mortgage loan from the Victim Bank at a preferential rate reserved for owner-occupied second homes (approximately 0.5% lower than investment property rates, resulting in an estimated financial loss to the bank of over $600 annually).
2. The defendant, as a public official, was subject to heightened scrutiny regarding financial disclosures but failed to report the rental income from the property on required state filings.
3. The scheme caused financial harm to the Victim Bank and undermined the integrity of federally backed mortgage programs.
FORFEITURE ALLEGATION
4. Upon conviction of any offense in violation of 18 U.S.C. § 981(a)(1)(B), the defendant shall forfeit to the United States any property, real or personal, constituting or derived from proceeds traceable to the offense.
I would love to see a really good article on what the FISA warrants allowed Comey to do. It was never about Carter Page. It was about the two-hop rule: Whoever Page communicated with was fair game for "taps," and then one more hop for those people who communicated beyond Carter Page for taps. This most certainly would have included Donald Trump or someone very close to him. It's one of the most underreported stories of the entire Crossfire Hurricane effort to take down Trump.
I am curious when these Grand Juries vote are they aware of who the indicted party is ? Wondering if they had known it was Comey or James might they have not have returned an inductment.
To be fair I don’t think Democrat jurors approve of their own leaders flagrantly showing they think the laws only apply to the little people, not to them. I would bet on a conviction. But probably an ultra lenient sentence.
Given current interest rates are in the 6-7% range and housing prices have not come down, rents are high, and this all on top of the inflation from the last several years, it won't look good for someone who is already well compensated and is getting even further ahead at your expense, no matter where you land on the political spectrum. And the deranged spittling "but Trump" as your only defense is getting really old...
One of the defenses is the prosecutor was illegally installed. Reading the statute it says the A G cannot appoint a temporary Prosecutor the federal judge has that duty. However the A G didn’t install the Prosecutor the president did. The court is not supposed to interpret the intent of a statute because the court cant read the minds of the legislature so the courts are supposed to be bound by the written wording of the statute. This is one of the hurdles the president concerning birthright citizenship in the 14th amendment
THE UNITED STATES OF AMERICA
LETITIA A. JAMES.
Defendant.
FILED
IN OPEN COURT
IN THE UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF VIRGINIA
Norfolk Division
9 2023
INDICTMENT
The Grand Jury for the Eastern District of Virginia charges…
Hahahahaaaahahahaaaaahahaa!
Fine this hypocritical liar $362.8M.
Oh… $454.2M, including interest…
COUNT ONE
18 U.S.C. § 1344 (Bank Fraud)
1. Paragraphs 1 through 5 of the General Allegations are realleged and incorporated by reference as if fully set forth herein.
2. From in or about 2020, and continuing thereafter, in the Eastern District of Virginia and elsewhere, the defendant herein, LETITIA A. JAMES, did knowingly execute and attempt to execute a scheme and artifice to defraud a financial institution, that is, [Bank Name Redacted in Public Excerpts, but reported as a federally insured lender], and to obtain moneys, funds, credits, securities, and other things of value owned by and under the custody and control of such financial institution, by means of false and fraudulent pretenses, representations, and promises.
Manner and Means of the Scheme
3. It was a part of the scheme and artifice for the defendant to:
a. Submit and cause to be submitted a residential mortgage loan application to the Victim Bank for financing in connection with the purchase of real property located at [Address Redacted, but publicly identified as a single-family residence in Norfolk, Virginia, purchased for approximately $137,000 in 2020];
b. Knowingly and falsely represent in the loan application and related documents, including a Second Home Rider, that the property would be used as her “second home” for personal use and enjoyment, when in truth and fact, as the defendant then well knew, she intended to use the property primarily as an investment and rental property;
c. Sign and execute the Second Home Rider, which prohibited rental of the property for more than one year following closing without lender approval, despite her intent to rent it immediately or shortly thereafter to third parties;
d. Obtain a favorable interest rate and loan terms based on the false representation of personal use, thereby defrauding the Victim Bank of the difference in rates it would have charged for an investment property;
e. Rent the property to a family of three shortly after closing, in violation of the loan terms, generating rental income while concealing the true use from the lender.
Overt Acts
4. On or about [Date Redacted, 2020], the defendant executed the mortgage loan closing documents containing the false representations.
5. Beginning in or about [Date Redacted, within one year of closing], the defendant listed and rented the property via a real estate platform, receiving monthly rental payments exceeding $1,500.
All in violation of Title 18, United States Code, Section 1344.
COUNT TWO
18 U.S.C. § 1014 (False Statements to Financial Institution)
1. Paragraphs 1 through 5 of the General Allegations are realleged and incorporated by reference as if fully set forth herein.
2. On or about [Date Redacted, 2020], in the Eastern District of Virginia and elsewhere, the defendant herein, LETITIA A. JAMES, did knowingly make a false statement and overvalue land and property for the purpose of influencing the action of a financial institution, that is, [Bank Name Redacted], upon a loan and credit application, and any change or extension thereof, with intent to influence the action of said institution, knowing that such statement was false.
The False Statement
3. Specifically, the defendant falsely certified in the Uniform Residential Loan Application (Form 1003) and the Second Home Rider that the Norfolk property would be occupied as her second home and not used for investment or rental purposes, when, as she then and there well knew, such representation was false.
All in violation of Title 18, United States Code, Section 1014.
GENERAL ALLEGATIONS
1. At all times material to this Indictment: a. LETITIA A. JAMES, DOB [Redacted], was the Attorney General of the State of New York, residing primarily in Brooklyn, New York. b. The Victim Bank was a federally insured financial institution engaged in the business of making residential mortgage loans, with offices in Virginia. c. The Norfolk Property was a single-family residence purchased by the defendant on or about [Date Redacted, 2020], for $137,000, financed in part by a mortgage loan from the Victim Bank at a preferential rate reserved for owner-occupied second homes (approximately 0.5% lower than investment property rates, resulting in an estimated financial loss to the bank of over $600 annually).
2. The defendant, as a public official, was subject to heightened scrutiny regarding financial disclosures but failed to report the rental income from the property on required state filings.
3. The scheme caused financial harm to the Victim Bank and undermined the integrity of federally backed mortgage programs.
FORFEITURE ALLEGATION
4. Upon conviction of any offense in violation of 18 U.S.C. § 981(a)(1)(B), the defendant shall forfeit to the United States any property, real or personal, constituting or derived from proceeds traceable to the offense.
I would love to see a really good article on what the FISA warrants allowed Comey to do. It was never about Carter Page. It was about the two-hop rule: Whoever Page communicated with was fair game for "taps," and then one more hop for those people who communicated beyond Carter Page for taps. This most certainly would have included Donald Trump or someone very close to him. It's one of the most underreported stories of the entire Crossfire Hurricane effort to take down Trump.
Good article, but “Indicted” is spelled wrong!
Only incorrect spelling I saw was Leticia James’ name…
(It’s “H-Y-P-O-C-R-I-T-E” ~;-)
Since you mentioned it, yes. Just transposed the D and the I. Not as bad as some people spelling it "indicated".
Or it's her personal preference.
I'll be here all week.
Thanks Techno for the great details on this case.
I am curious when these Grand Juries vote are they aware of who the indicted party is ? Wondering if they had known it was Comey or James might they have not have returned an inductment.
Comey will be acquitted right after the Alexandria beltway jury reads a land acknowledgement and states their pronouns.
🪃🪃🪃
I’d bet that Comey and James have the same strategy: jury nullification. All they need is one juror who hates Trump and would never vote to convict.
Wonderful. Hope she likes federal prison !
At this very moment someone somewhere is giving a an exceptionally large rat's patoot....presumably.
OR NOT
YOUR THOUGHTS?
To be fair I don’t think Democrat jurors approve of their own leaders flagrantly showing they think the laws only apply to the little people, not to them. I would bet on a conviction. But probably an ultra lenient sentence.
Given current interest rates are in the 6-7% range and housing prices have not come down, rents are high, and this all on top of the inflation from the last several years, it won't look good for someone who is already well compensated and is getting even further ahead at your expense, no matter where you land on the political spectrum. And the deranged spittling "but Trump" as your only defense is getting really old...
Too bad she will escape prison time.
One of the defenses is the prosecutor was illegally installed. Reading the statute it says the A G cannot appoint a temporary Prosecutor the federal judge has that duty. However the A G didn’t install the Prosecutor the president did. The court is not supposed to interpret the intent of a statute because the court cant read the minds of the legislature so the courts are supposed to be bound by the written wording of the statute. This is one of the hurdles the president concerning birthright citizenship in the 14th amendment
https://youtu.be/KynarJXVI1c?si=3cohISFeJgJCBA8Y