Grand jury indicts NY AG Letitia James on bank fraud charge in Virginia federal court
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 is 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.”
Earlier this year, the Justice Department opened an investigation into James for alleged mortgage fraud.