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On the signed and notarized loan document, James wrote, “I hereby declare I intend to occupy this property as my principal residence.” That statement, prosecutors allege, saved her roughly $18,933 over the life of the loan—money she would not have been eligible for if she’d been truthful about renting the property.
Witnesses and Evidence Tell a Different Story
According to Norfolk property records and a report from the New York Post, James later listed the property as a rental, generating thousands in income. In August 2023, she granted power of attorney to her niece, Shamice Thompson-Hairston, who then secured a new $219,780 mortgage on the same house.
When reporters visited the neighborhood earlier this year, locals said they had never seen James living there. One long-time resident told the Post that a “husband and wife” occupied the home for several years before it was sold.
The findings directly contradict James’ sworn statement, adding weight to federal prosecutors’ claims that she manipulated the system for personal financial gain.
Tied to Federal Referral and Broader Investigation
This indictment follows an April referral from Federal Housing Finance Agency Director Bill Pulte, who alleged that James falsified documents “to acquire government-backed assistance and loans and more favorable loan terms” under false pretenses.
The federal timeline also reveals that James’ Brooklyn townhome was still listed as her official primary residence in later disclosures—further evidence that she never intended to occupy the Virginia home.
James Fires Back: “Politically Motivated”
James, 66, is firing back at the allegations, claiming she’s the victim of political retaliation.
“This is nothing more than a continuation of the president’s desperate weaponization of our justice system. He is forcing federal law enforcement agencies to do his bidding, all because I did my job as the New York State Attorney General,” James said, referring to her high-profile prosecution of Donald Trump.
A Stunning Fall from the “Trump Prosecutor”
Ironically, the same attorney general who made national headlines for pursuing Trump over alleged financial misrepresentations now faces the same type of accusations herself. Her controversial civil fraud case against Trump—which outrageously claimed that Mar-a-Lago was worth as little as $18 million—was overturned earlier this year. A New York appeals court tossed the $400 million penalty, calling it “excessive and unconstitutional.”
A Growing Pattern Among Democrats?
The Federal Housing Finance Agency has also flagged similar allegations against Democrat Senator Adam Schiff, accusing him of misrepresenting a Maryland home as his primary residence to secure favorable terms.
With the indictment of Letitia James, many are asking if this is part of a much deeper rot within the Democratic establishment—one that has spent years preaching about “accountability” while allegedly bending the rules for themselves.
As the case moves forward, one thing is clear: the woman who made her name chasing Donald Trump may soon be fighting for her own freedom.
