Letitia James, a high-profile Democrat who used her position as New York attorney general to build a wild case against President Donald Trump that accused him of fraud – a case now on appeal – since then has been caught up in her own case in which she’s alleged to have committed mortgage fraud.
And Adam Schiff, a high-profile Democrat, claimed that he had seen “evidence” of the 2016 Trump campaign’s “collusion” with Russia, even though multiple investigations failed to document that “evidence,” and also has been caught up in mortgage fraud allegations.
While those cases remain under investigation, with the possibility of fines and jail times for a conviction, one Republican senator has had enough.
U.S. Sen. John Cornyn, R-Texas, believes public officials should be held to a high standard, and pay a bigger penalty when convicted.
He’s introduced the “LETITIA Act,” which would raise the mandatory minimum penalties for such officials, according to Fox News..
His enhanced penalties would be applied to public officials “who commit federal bank fraud, tax fraud, or loan or mortgage fraud.”
His “Law Enforcement Tools to Interdict Troubling Investments in Abodes (LETITIA) Act” follows Department of Justice investigations into James for alleged mortgage fraud.
Federal Housing Finance Director Bill Pulte has alleged James could have engaged in mortgage fraud by lying, or making false statements, on property records, such as a loan application that said her property in Virginia “is her primary residence,” as well her claim on government paperwork that her Brooklyn property has four units, when it actually has five.
“This legislation would empower President Trump to hold crooked politicians like New York’s Letitia James accountable for defrauding their constituents, violating their oath of office, and breaking the law, and I’m proud to lead my Republican colleagues in introducing it,” Cornyn said.
Also in the jurisdiction of Cornyn’s plan would be Schiff, who was accused by Pulte of falsifying bank documents and property records by listing homes in Maryland and California as his primary residence out of an effort to allegedly get more favorable loans.
A spokesperson for Schiff, who repeatedly and viciously has lashed out at Trump, said the claims about mortgage lies are “false allegations.”
Six other senators have joined Cornyn already in sponsoring the bill.
It would “increase federal statutory maximum sentences and fines for public officials who abuse their offices and violate the public trust to commit bank fraud, loan or mortgage fraud, or tax fraud,” the report said.
Those minimums would include one year for bank fraud, one year for loan or mortgage fraud, and six months for tax fraud.
Repeated offenses would make those minimums five years for bank or loan fraud and two years for tax fraud, the report said.
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Author: Bob Unruh
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