The criminal referral filed by the director of the U.S. Federal Housing Finance Agency provides further details about the mortgage and tax scandal plaguing Sen. Adam Schiff, D-Calif., and identifies the array of federal laws that the politician may have violated by improperly claiming two primary residences.
The referral, sent to Attorney General Pam Bondi by Director William Pulte, alleges that Schiff may have violated several statutes—including government wire fraud, mail fraud, bank fraud, and false statements to a financial institution—by claiming two homes, one in Maryland and the other in California, as primary residences.
“Based on media reports, Mr. Adam B. Schiff has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property,” wrote Pulte, who leads the Federal Housing Finance Agency, which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Bank System.
A “pattern of possible occupancy misrepresentation”
“As regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, we take very seriously allegations of mortgage fraud or other criminal activity. Such misconduct jeopardizes the safety and soundness of FHFA’s regulated entities and the security and stability of the U.S. mortgage market,” Pulte also wrote in the referral, which was obtained by Just the News.
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Author: Ray Hilbrich
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