Grand Jury Indicts NY AG Letitia James On Bank Fraud Charges In Virginia Federal Court

By FOX News
Posted on 10/09/25 | News Source: FOX News

A federal grand jury in Virginia has indicted New York Attorney General Letitia James on charges of bank fraud and making false statements to a financial institution.

U.S. Attorney for the Eastern District of Virginia Lindsey Halligan said James faces up to 30 years in prison per count, up to a $1 million fine on each count and forfeiture if she's convicted.

"No one is above the law. The charges as alleged in this case represent intentional, criminal acts and tremendous breaches of the public’s trust," Halligan said. "The facts and the law in this case are clear, and we will continue following them to ensure that justice is served."In a statement, James said the charges were part of President Donald Trump's effort to impose "political retribution at any cost."

"His decision to fire a United States Attorney who refused to bring charges against me — and replace them with someone who is blindly loyal not to the law, but to the president — is antithetical to the bedrock principles of our country," James said. "This is the time for leaders on both sides of the aisle to speak out against this blatant perversion of our system of justice. 

"I stand strongly behind my office’s litigation against the Trump Organization," she added. "We conducted a two-year investigation based on the facts and evidence – not politics. Judges have upheld the trial court’s finding that Donald Trump, his company, and his two sons are liable for fraud." 

Earlier this year, the Justice Department opened an investigation into James for alleged mortgage fraud after James successfully won a civil case last year against Trump and his Trump Organization over allegations of faulty business practices.

In a letter, Federal Housing Finance Director Bill Pulte alleged that James could have engaged in mortgage fraud by making false or misleading statements on property records, like a loan application that said her property in Virginia is her primary residence, a building record stating her multifamily Brooklyn property incorrectly has five residences instead of four and a mortgage application that falsely stated James was her father’s spouse.