The Justice Department issued subpoenas and opened a criminal inquiry into allegations that fired Federal Reserve governor Lisa Cook has committed mortgage fraud, according to a Thursday report.
Attorney General Pam Bondi tapped Ed Martin, a top Justice Department official, to lead the effort to investigate mortgage fraud among public officials.
The investigation follows after Bill Pulte, the head of the Federal Housing Finance Agency (FHFA), alleged that Cook engaged in mortgage fraud, focusing on two properties she owns in Michigan and Georgia.
Pulte has shared what he claims is video evidence of Cook claiming multiple properties as her primary residence and then allegedly renting them out. Breitbart News’s John Nolte explained:
There is just one problem: Neither Cook nor her attorneys nor the media can get around the fact that Cook received lower mortgage rates with documented false claims on mortgage applications.
The paperwork shows she listed a home in Ann Arbor, Michigan, as a “primary residence.” She also listed a condo in Atlanta, Georgia, as a ”primary residence.” Then there’s a home in Massachusetts that she listed as a “second home.” Except, from the looks of it, she might be renting out… all three.
So far, the FHA (Federal Housing Administration) has made two criminal referrals against Lisa Cook for mortgage fraud.
Rules for Thee but not for Me