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Bondi Taps White House Ally to Probe Mortgage Fraud Claims Against Top Dems

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Pam Bondi
Photo Credit: United States Department of Justice, Public domain, via Wikimedia Commons

Florida Attorney General Pam Bondi appointed special attorney Ed Martin to lead an investigation into serious mortgage fraud allegations against high-profile Democrats New York Attorney General Letitia James and California Senator Adam Schiff.

The move follows referrals from the Federal Housing Finance Agency (FHFA), which flagged both officials for allegedly falsifying documents to secure more favorable mortgage terms.

According to internal records, the FHFA referred James to the Department of Justice (DOJ) in April after evidence surfaced suggesting she may have falsified loan documents.

The alleged scheme reportedly allowed James to obtain better mortgage rates than she would have otherwise qualified for.

Just one month later, FHFA Director Bill Pulte made a similar referral to the DOJ involving Schiff.

The California Democrat is accused of falsifying paperwork to secure a better deal on a property in Maryland.

A spokesperson for Schiff previously told CNN that both his California and Maryland residences were claimed as “primary” for loan purposes.

The explanation given was that the properties are occupied throughout the year and needed to be distinguished from a vacation home.

Schiff’s attorney, former U.S. Attorney Preet Bharara, dismissed the claims outright.

“The allegations against Senator Schiff are transparently false, stale, and long debunked,” Bharara said, adding that Martin is “the most brazenly partisan and politically compromised person possible for the task.”

He went on to allege that Martin’s selection was proof of bias, saying the attorney’s earlier nomination to be U.S. Attorney for the District of Columbia was blocked due to what he called partisanship and unsuitability for the role.

Bharara also pointed to Schiff’s past efforts to halt Martin’s federal nomination.

“Mr. Martin is a January 6-defending lawyer who has repeatedly pursued baseless and politically-motivated investigations to fulfill demands to investigate and prosecute perceived enemies,” he said.

“Any supposed investigation led by him would be the very definition of weaponization of the justice process,” he said.

The new mortgage probe comes as James faces a separate storm of legal scrutiny in her own state.

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According to Fox News, James was served with subpoenas in New York on Friday in connection with her ongoing civil fraud case against President Donald Trump, as well as her lawsuit against the National Rifle Association (NRA).

Two sources familiar with the matter say the inquiry is being conducted from Albany and focuses on potential violations of civil rights statutes.

The subpoenas reportedly demand a range of documents, including materials tied to her lawsuit against Trump.

James has long been a legal adversary of the president. Four years after taking office, she opened an investigation into the Trump Organization, culminating in a $454 million civil judgment in 2022.

A New York judge ruled that Trump and executives at his company, including two of his sons — had significantly inflated the former president’s net worth in order to secure favorable loans and other perks. Trump has appealed the ruling.

James touted the ruling at the time, stating that financial fraud “was not a victimless crime.”

Her office has also been a central force in challenging several executive actions from Trump’s administration in court.

The April referral from the Trump-led FHFA to Bondi kicked off the current DOJ investigation into James’s alleged mortgage fraud.

According to reports, the DOJ empaneled a grand jury, which subsequently issued subpoenas to James’s office.

In response to the DOJ’s actions, a spokesperson for James accused the department of weaponizing its prosecutorial authority.

“Any weaponization of the justice system should disturb every American,” the spokesperson said.

“We stand strongly behind our successful litigation against the Trump Organization and the National Rifle Association, and we will continue to stand up for New Yorkers’ rights.”

The president himself weighed in on the matter on his Truth Social platform, calling James a “wacky crook” and urging her to step down.

“Letitia James, a totally corrupt politician, should resign from her position as New York State Attorney General, IMMEDIATELY,” Trump wrote.

Abbe Lowell, one of James’s attorneys, characterized the federal inquiry as political payback.

He claimed the investigation was “the most blatant and desperate example of this administration carrying out the president’s political retribution campaign.”

Lowell also said Martin’s appointment “makes it crystal clear this is a manufactured investigation to pursue political retribution.”

As for Schiff, Bharara reiterated his view that the claims are “transparently false” and again labeled Martin as “the most brazenly partisan and politically compromised person possible for the task.”

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Clark Kelley

2 Comments

  2. Schiff isn’t the only member of Congress pulling this scam. The Special Prosecutor needs a staff to check every member of Congress for compliance. James is s state of New York high official. The details exposed so far point to intentional fraud. Schiff and James both are guilty and they know it. Both deserve 30 years in prison plus the financial penalty.

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