Gift-Wrapped for DOJ (Part 3): The Brooklyn Mortgage Scheme That Mirrors the Virginia Fraud – IOTW Report

Gift-Wrapped for DOJ (Part 3): The Brooklyn Mortgage Scheme That Mirrors the Virginia Fraud

Federal prosecutors now have a gift-wrapped case spanning two states, two decades, and multiple federal crimes—delivered by Letitia James’ own attorney, Abbe Lowell, and documented in public records.

White Collar Fraud:

Letitia James’ mortgage fraud didn’t begin in Virginia. It began in Brooklyn—on paper, in ink, and under oath.

Before she falsely declared a Norfolk home her “principal residence” to qualify for a high-LTV federally backed mortgage, James spent over 20 years systematically misclassifying her New York property at 296 Lafayette Avenue. She told lenders it had four units. Or three. Or two. Or sometimes just one. But never five—the truth that would have disqualified her from nearly every favorable mortgage program she accessed.

What emerged in Virginia was not a departure from her established pattern. It was a sequel—using the same playbook she had perfected over two decades in Brooklyn. more

6 Comments on Gift-Wrapped for DOJ (Part 3): The Brooklyn Mortgage Scheme That Mirrors the Virginia Fraud

  1. Bring that to Washington State and dismantle the Democrat machine here. The entire Democrat connected mob is financially invested in the rental units they have been filling with illegal aliens at taxpayer expense. The elected and appointed officials are among the landlords as are friends, family and business associates and the developers heavy campaign contributors. The cavalier attitude with which they have been giving the finger to anyone who dares point it out will make it easy pickings. While here take a look at the media that serves as their propaganda arm and their stake in the rake off this racket. .

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  2. Nasty, obese, greedy, above the law, and above all a black communist death democrat female in a position of power. Now multiply the above example across our country in all levels of government and you will arrive at why our country is so fucked up!

    Faticia James is a shucking, grifting, racist human turd that needs flushing into a sewage pond. Keep in mind though she was voted by New Yorkers into her position.

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  3. From what I’ve been able to find vis the status of this case, it looks like she’s going to be indicted and the first subpoenas have been issued from the grand jury. Since this case was just referred to the DoJ in mid-late April/first part of May, it’s way too early to grouse about the pace of things.

    I wonder if this case will cause the DoJ to look into other, rumored mortgage fraud situations, like those that have swirled around AZ Guv Katie Hobbs. It seems she was cleared of any wrong-doing in ’24, but I’ve been reading stuff about a renewed investigation that began in Feb/Mar of this year.

    Apparently money fraud involving mortgage lenders is a thing.

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