Telegram is where we really talk. Don't miss out!
By Joel Gilbert
Letitia James has been indicted in Virginia, with more charges potentially forthcoming. A few months ago, I created an AI-generated image of James in handcuffs, which I saw as both symbolic and prophetic. Given the 43-year history of alleged mortgage fraud I reported against her in New York and Virginia, I anticipated this outcome.
Today, Lindsey Halligan, the newly appointed U.S. Attorney for the Eastern District of Virginia, announced that a federal grand jury indicted New York State Attorney General Letitia James on charges of Bank Fraud under 18 U.S.C. Section 1344 and False Statements to a Financial Institution under 18 U.S.C. Section 1014.
“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,” stated U.S. Attorney Halligan. “The facts and the law in this case are clear, and we will continue following them to ensure that justice is served.”
In response, James claimed that the indictment is merely a continuation of the President’s alleged weaponization of the justice system.
https://x.com/NewYorkStateAG/status/1976400103989764190
My investigative reports in The Gateway Pundit, starting in March 2025, documented years of mortgage fraud and violations of housing regulations related to James’s 5-unit apartment building in Brooklyn. James reportedly misrepresented her building as having fewer than five units to secure lower interest rates and closing costs.
In Virginia, James purchased three homes, all suspected of involving mortgage fraud. Notably, in 2008, she bought a foreclosure in Martinsville with her aunt and cousin while using a misspelled version of her name to avoid scrutiny. This purchase was not disclosed in her New York state candidate filings, which is illegal.
Additionally, my colleague Sam Antar reported that James falsely claimed a property at 604 Sterling Avenue, co-purchased in 2023 with her niece, as her primary residence to obtain lower interest rates. This property was purportedly intended to provide shelter for her niece’s daughter, Nikia Monique Thompson, who is wanted for parole violations in North Carolina.
The indictment today involves a third property in Virginia, located at 3121 Peron Avenue in Norfolk. Allegedly, James was the sole borrower on a Fannie Mae-backed mortgage loan. The indictment states that on or about August 17, 2020, James bought the three-bedroom home for $137,000, financing it with a $109,600 loan from Fannie Mae.
The loan was originated by OVM Financial and First Savings Bank, under a second home rider that required James to occupy the property as her secondary residence, prohibiting its use as a rental. However, the indictment claims that the property was not used as intended but was instead rented out to family members.
This misrepresentation allegedly allowed James to secure favorable loan terms, saving her approximately $17,837 over the loan’s lifespan and netting her about $18,933 in total ill-gotten gains.
Furthermore, the indictment highlights that James misrepresented the property’s usage on her homeowners’ insurance application, indicating it was for “occupied non-seasonal use.”
It concludes that Letitia James knowingly intended to use the property as an investment, without any genuine intention for personal occupancy.
Looking ahead, Sam Antar suggests that further indictments will cover all three Virginia properties, with potential mail and wire fraud charges for each false declaration and additional indictments for co-conspirators, including Department of Justice employees who may have aided her.
https://x.com/SamAntar/status/1976422679629422739
This is a developing story; stay tuned for updates.
Joel Gilbert is a Los Angeles-based film producer and president of Highway 61 Entertainment. He produced the new film Roseanne Barr Is America, as well as Dreams from My Real Father, The Trayvon Hoax, and Trump: The Art of the Insult. Follow Gilbert on Twitter: @JoelSGilbert.
