Letitia James Arraignment in Federal Fraud Case
New York Attorney General Letitia James has made her first appearance in court at the federal courthouse in Norfolk, Virginia, after being indicted in a mortgage fraud case.
James has entered pleas of not guilty at her Norfolk, VA, federal court arraignment on felony charges of bank fraud and making false statements to a financial institution.
Background
James is among those that President Donald Trump has long sought retribution against, following her victory in a civil suit against Trump, his adult sons, and the Trump organization for inflating the value of his properties to obtain favorable interest rates on loans and insurance.
The Charges
Prosecutors allege James misled a bank when she obtained a mortgage on a Norfolk, Virginia, property by stating it would be a second home, not an investment property, allowing her to save $18,933 over the life of the loan.
James won a civil suit against Trump, his adult sons, and the Trump organization for inflating the value of his properties.
Author's summary: Letitia James pleads not guilty to federal fraud charges.
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