Adam Schiff Learns Fate Following Criminal
Investigation Into Adam Schiff
Senator Adam Schiff (D-Calif.) is reportedly under criminal investigation for alleged mortgage fraud, according to a Trump administration source cited by Fox News. The U.S. Attorney’s Office in Maryland is looking into claims related to falsifying documents to secure better loan terms.
Allegations from FHFA
The Federal Housing Finance Agency (FHFA) referred Schiff to the Department of Justice, accusing him of “falsified bank documents and property records” to gain favorable loan terms from 2003 to 2019. FHFA Director William Pulte wrote, “We take very seriously allegations of mortgage fraud or other criminal activity.”
Primary Residence Dispute
Schiff certified in 2011 that a Maryland home was his primary residence, while also claiming a California condo as his primary home in 2023. Pulte noted Schiff’s “sustained pattern of possible occupancy misrepresentation” involving five loans. Schiff’s spokesperson said, “Adam’s California and Maryland addresses have been listed as primary residences for loan purposes because they are both occupied throughout the year.”
Potential Legal Violations
FHFA believes Schiff’s actions may violate federal laws, including wire fraud and bank fraud. Pulte wrote Schiff “appears to have falsified records in order to receive favorable loan terms” and was aware of the financial benefits of claiming a primary residence.
