NY AG Letitia James charged with bank fraud over Virginia investment property
Federal prosecutors have indicted New York Attorney General Letitia James for allegedly misrepresenting her Virginia home as a personal residence while using it as rental property...
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New York Attorney General Letitia James faces federal bank fraud charges related to a Virginia property she purchased in 2020. Prosecutors allege that James obtained a $109,600 mortgage by signing a 'Second Home Rider' agreement, which required her to use the three-bedroom Norfolk home as a secondary residence and prohibited rental use.
However, the indictment claims she actually operated it as a rental investment property, allowing her to secure more favorable mortgage terms. This alleged misrepresentation reportedly resulted in approximately $18,933 in ill-gotten gains. James listed the property as an 'investment' on ethics forms from 2020-2023, contradicting her mortgage application.
If convicted, she faces up to 60 years in prison and $2 million in fines, with her first court appearance scheduled for October 24.
Original Article
nypost.comhttps://nypost.com/2025/10/10/us-news/ny-ag-letitia-james-admitted-virginia-home-at-center-of-bank-fraud-indictment-was-investment-property/