AXJASKS If the DOJ in the USA will be able to overcome the control by blackmail of the Judiciary? Once a case enters the system the outcome is already known. Will any USA Judge be able to break free and overcome the pressure in the USA any more? Does Trump have to put his Towers and personal property up as a bond for going after Letitia James? Are 20 American Homeowners at Americans Against Foreclosue ( AAF ) fighting back for everything that has been done to them since 2008?
But that alone, a judge will toss it. In a criminal case, before it begins, they ask the judge in another court, Do we have grounds? Do we have a case? They said yes, ok to continue. Below shows that the court gave the green light; you have a case. We know your case may not be criminal, but following this lead, we at AXJ will write your Proceedings as Pro Se litigants, which is very challenging, especially in criminal cases where liberty and property are at stake. If this involves an ongoing case, act quickly; deadlines are strict. Trump has all Judges and Attorneys under his control now, and his attorneys know the whole staff of the court, including all the judges all the way to the top.
In this Fannie loan case, if you agree you will live there, you have to abide by that for 2 years. She got the loan in 2020, so they will have to prove she never lived there. That will be her defense, but Trump did this to slander her.
LATITIA JAMES INDICTMENT BANK FRAUD.
Overview of the Case
This is a federal criminal indictment filed on October 9, 2025, in the U.S. District Court for the Eastern District of Virginia (Norfolk Division), case number 2:25-cr-00122-JKW-DEM. The defendant is Letitia A. James, the Attorney General of New York, who is accused of misrepresenting the intended use of a residential property in Norfolk, Virginia, to secure more favorable mortgage terms. The case stems from a 2020 mortgage loan for a property at 3121 Peronne Avenue, which James allegedly claimed would be her secondary residence, but instead used as a rental investment property.
justice.gov +3
According to the indictment, James, a resident of Brooklyn, New York, purchased the three-bedroom, one-bathroom property for approximately $137,000, financed by a Fannie Mae-backed loan of about $109,600 originated by OVM Financial (a Virginia-based mortgage lender). The loan included a “Second Home Rider” requiring her to use it as a secondary residence, prohibiting rental or shared ownership. However, the property was allegedly rented to a family of three, with no personal occupancy by James. This allowed her to access better loan terms unavailable for investment properties, including a lower interest rate (3.000% vs. 3.815%, saving about $17,837 over the loan’s life) and a higher seller credit ($3,288 vs. $2,192, adding $1,096 in benefits), for a total alleged ill-gotten gains of approximately $18,933. Supporting evidence in the indictment includes:
- James’s homeowners’ insurance application listing the property as “owner-occupied non-seasonal use.”
- IRS Schedule E tax forms (filed under penalty of perjury), treating it as rental real estate, reporting rental income, zero personal use days, and claiming deductions for expenses.
- The loan’s assignment to First Savings Bank (an FDIC-insured institution in Indiana) by March 2021, exposing it to risks from the alleged misrepresentation.
The scheme allegedly ran from around July 28, 2020, to at least January 2024, with acts occurring in the Eastern District of Virginia. The indictment was presented by U.S. Attorney Lindsey Halligan, a Trump appointee, and has been described in media reports as part of a broader pattern of politically motivated prosecutions against Trump’s critics, including former FBI Director James Comey.
newsweek.com +3
James has denied the charges, calling them a “baseless political attack,” and her allies have condemned it as “tyranny” and retaliation for her civil fraud case against Donald Trump and his organization.
democracydocket.com +1
The Charges
The indictment includes two counts:
1. Count One: Bank Fraud (18 U.S.C. § 1344)
This alleges that James knowingly executed a scheme to defraud OVM Financial and First Savings Bank (both qualifying as “financial institutions” under 18 U.S.C. § 20) by falsely representing the property as a secondary residence to obtain funds under false pretenses. The scheme involved misrepresentations in loan applications and documents, leading to the favorable terms while using the property solely for rental income.
2. Count Two: False Statements to a Financial Institution (18 U.S.C. § 1014)
These charges James with knowingly making false statements to influence OVM Financial’s decision on the Fannie Mae-backed loan application. Specifically, she affirmed in uniform residential loan applications and related documents that the property would be a secondary residence, knowing it was intended as an investment property with no personal use.
Both counts incorporate the general allegations and emphasize the intent to deceive for financial gain. Prosecutors must prove criminal intent—that James knowingly provided false information.
reuters.com +1
Forfeiture Provisions
The indictment includes a forfeiture notice under several statutes, requiring James, upon conviction, to forfeit any proceeds from the violations, including a money judgment of $18,933 (the estimated total gains). If the specific property can’t be forfeited due to transfer, diminishment, or commingling, substitute assets may be seized. The statutes cited are:
- 18 U.S.C. § 981(a)(1)(C): Civil forfeiture of property derived from proceeds of certain crimes, including those involving fraud.
- 18 U.S.C. § 982(a): Criminal forfeiture for property involved in or derived from money laundering, bank fraud, or related offenses (specifically § 982(a)(2)(A) for proceeds from the counts here).
- 28 U.S.C. § 2461(c): Allows criminal forfeiture where civil forfeiture is authorized but no specific criminal provision exists.
- 21 U.S.C. § 853(p): Provides for forfeiture of substitute property if the original is unavailable (incorporated via 18 U.S.C. § 982(b)(1)).
Federal Rule of Criminal Procedure 32.2(a) is also referenced for procedural handling of forfeiture.
Severity of the Claims
These are serious federal felony charges, classified as white-collar crimes involving financial deception. While the alleged financial gain is relatively small ($18,933), the potential penalties are substantial, reflecting the statutes’ aim to protect financial institutions and deter fraud:
- Bank Fraud (18 U.S.C. § 1344): Maximum penalty of 30 years in prison and a fine up to $1,000,000 (or twice the gain/loss if greater). In practice, sentences are often lower based on U.S. Sentencing Guidelines, which consider factors like loss amount, intent, and criminal history. For a low-loss case like this (under $40,000), the base offense level might start at 7-12, potentially leading to 0-24 months if convicted, but aggravated by James’s position as a public official.
reuters.com
- False Statements to a Financial Institution (18 U.S.C. § 1014): Also carries up to 30 years in prison and a $1,000,000 fine. Similar guidelines apply, with sentences often aligned to the fraud’s scale. The overlap with Count One could lead to concurrent sentencing.
The severity is amplified by the context: As New York’s AG, James prosecuted similar civil fraud claims against Trump (inflating assets for loans with no direct victim loss), leading to irony noted in reports.
@RonaldRichards
Legal experts question the case’s strength, as no bank alleged harm or loss, and similar misrepresentations (e.g., second-home vs. investment) are common but rarely prosecuted criminally unless involving larger sums or patterns.
bsky. app +1
Critics from Democratic-leaning sources view it as retaliatory abuse of power by the Trump administration, while supporters argue it shows “no one is above the law.”
justice.gov +2
If convicted, James could face imprisonment, fines, forfeiture, and professional consequences like disbarment, though appeals are likely given the political overtones.
Commentary and opinion published on AXJNEWS