Documents: Letitia James Lied To Bank, Insurer In Alleged Mortgage Fraud Scheme
The timeline of James' claims suggest she knew her claims were false when she made them.California Rep. Eric Swalwell is the latest of several Democrats to come under fire from the Trump administration, this time for alleged mortgage fraud.
Swalwell was referred to President Donald Trump's Department of Justice for allegations of mortgage and tax fraud related to his residence in Washington, D.C.
The California Democrat is just one of four political adversaries the Trump administration has investigated. Democratic Sen. Adam Schiff of California, Federal Reserve Gov. Lisa Cook, and New York Attorney General Letitia James are also facing allegations of mortgage fraud.
'I will not end my lawsuit against him.'
Because of the Trump administration's string of legal cases against Democrats, Swalwell argues his referral was motivated purely by political purposes.
"As the most vocal critic of Donald Trump over the last decade and as the only person who still has a surviving lawsuit against him, the only thing I am surprised about is that it took him this long to come after me," Swalwell said in a statement Thursday.
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In a letter to Attorney General Pam Bondi, Director of the Federal Housing Finance Agency Bill Pulte alleged that there were several million dollars' worth of loans and refinancing based on Swalwell's declaration of his D.C. home as his primary residence.
Pulte also alleged that Swalwell may have made inaccurate or misleading statements in certain loan documents, prompting an investigation into potential mortgage fraud, state and local tax fraud, insurance fraud, and any other related crimes.
"Like James Comey and John Bolton, Adam Schiff and Lisa Cook, Letitia James and the dozens more to come — I refuse to live in fear in what was once the freest country in the world," Swalwell said.
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"Of course, I will not end my lawsuit against him," Swalwell added. "And I will not stop speaking out against the president and speaking up for Californians."
"As Mark Twain said, 'Patriotism is supporting your country all the time, and your government when it deserves it.' Mr. President, do better. Be better."
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New York Attorney General Letitia James charged that she was being unjustly prosecuted by the Trump administration in a rant outside a Virginia courtroom after her first hearing as a bank fraud defendant.
James is accused of lying about the classifications of homes she owns in order to unfairly secure favorable tax and financial benefits. She pleaded not guilty to the charges on Friday.
'I believe that justice will rain down like water! And righteousness like a mighty stream!'
She led a chant of "No fear!" with a handful of supporters who applauded her speech.
"This is not about me! This is about all of us!" James said. "And about a justice system which has been weaponized!"
The court proceeding under U.S. District Judge Jamar Walker lasted only 35 minutes. He scheduled James' trial date for Jan. 26.
President Donald Trump has criticized James numerous times and called for her to resign over the allegations.
"Letitia James, a totally corrupt politician, should resign from her position as New York State Attorney General, IMMEDIATELY," he wrote in April. "Everyone is trying to MAKE NEW YORK GREAT AGAIN, and it can never be done with this wacky crook in office."
James made an enemy of the president when she filed civil charges in 2022 accusing him and the Trump Organization of exaggerating values of properties in order to obtain favorable financial advantages. Trump was fined over $450 million, but that fine was later tossed out of court and James was scolded by a judge for overestimating the damages.
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"No fear!" James chanted before stating, "Because I believe that justice will rain down like water! And righteousness like a mighty stream!"
Walker was appointed by former President Joe Biden.
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Joe Scarborough just rediscovered the Constitution.
On MSNBC, the “Morning Joe” co-host warned last week of the grave dangers of Donald Trump using government power against political enemies. Nodding journalists agreed. Scarborough cautioned that Trump and his team would face a “wicked cycle” of retaliation and retribution after leaving office if they pursued politically motivated prosecutions.
One problem: Democrats already did exactly that.
After years of weaponizing the law against Trump and his staff, the left now pleads for “restraint.” With Letitia James, James Comey, and John Bolton all facing charges, the same people who cheered every politically driven indictment now claim to fear the abuse of justice. They are suffering from sudden, selective, highly political amnesia.
Faced with the blowback they earned, Democrats are pleading for a truce they don’t intend to honor.
The classic argument against weaponizing state power goes like this: Don’t use the system against your opponents, because one day your opponents will use it against you. It’s a reasonable principle — assuming both sides still share the same rules. But once one side has crossed the line, the warning loses its force. You can’t tell your enemy not to fight back while you’re still swinging.
For decades, liberals held conservatives in check by preaching against escalation. Republicans, as the self-styled party of small government, were inclined to agree. They saw the use of political power itself as dangerous, so the threat of mutual destruction kept them compliant. But that restraint vanished the moment Democrats arrested protesters, jailed administration officials, and prosecuted a president they impeached not once but twice.
Warnings against escalation work only while both sides respect the boundary. Once the first blow lands, the only way to restore order is to make the aggressor regret crossing the line. Like a street fight, it’s not easy to stop mid-swing. The longer it continues, the less likely anyone is to walk away peacefully.
Democrats justified their abuse of power with the same excuse they use for everything: Trump is different. He’s a “unique threat,” a proto-dictator, the embodiment of every dark impulse in Middle America. The system, they insisted, had to “make an example” of him to save democracy. Somewhere deep down, they knew they were opening Pandora’s box. They just didn’t think they’d ever have to live with the consequences.
Now they’re living with them.
Progressives can sense the danger but won’t admit it. Having normalized political prosecutions, they’re trying to erase the record. They pretend the last eight years never happened — that Trump wasn’t convicted on a stack of bogus charges, that administration officials weren’t arrested, that meme-makers and protesters weren’t jailed.
“Be careful about jailing your political opponents — they might jail you.”
That warning rings hollow when your political friends and allies have already gone to prison.
Democrats’ gamble seemed safe because they assumed Republicans would never retaliate. They counted on the party’s traditional cowardice. And for years, they were right. The GOP has rarely shown the will to wield power even when it wins elections.
But Donald Trump is not a typical Republican. He doesn’t forgive, he doesn’t forget, and he really doesn’t like to lose. If you give him the chance to settle the score, he will.
Even now, as the political pendulum swings against them, Democrats have learned nothing. They insist that every prosecution of Trump was legitimate and every case against their own is tyranny. Their warnings about “political retribution” sound empty because they are. The reckoning they unleashed was inevitable.
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They disturbed the equilibrium. Now the balance returns.
Deprived of moral credibility and electoral power, the left is turning to the only weapon it has left — violence. Having lost the White House, progressives no longer believe in the system they once claimed to defend. They spent years calling Trump “Hitler,” his voters “Nazis,” and his administration “fascist.” When you’ve already declared your opponents subhuman, how do you climb down from that?
You don’t. You take to the streets.
The rhetoric has reached its natural conclusion. If Trump is Hitler and the country re-elected Hitler, then democracy itself is illegitimate. By that logic, terrorism isn’t a crime — it’s justice. And that’s exactly where the left is headed.
The party that claimed to fear tyranny created the conditions for it. The people who warned of political persecution perfected the art. Now, faced with the blowback they earned, Democrats are pleading for a truce they don’t intend to honor.
They wanted a world without restraint. They got it.