New scrutiny on Schiff follows James indictment
New York Attorney General Letitia James was indicted on October 9, 2025, on charges of bank fraud and making false statements in connection with a 2020 Virginia mortgage. Prosecutors allege she misrepresented her intent to reside in Norfolk, Virginia, as her second home—but instead rented it out, gaining favorable loan terms and saving nearly $19,000 in interest. The case is being handled in the Eastern District of Virginia.

The indictment has generated renewed attention on Senator Adam Schiff, who is already under investigation after the Federal Housing Finance Agency (FHFA) referred allegations of mortgage fraud against him to the Department of Justice. The referral accuses Schiff of occupancy misrepresentation over multiple Fannie Mae‑backed loans, claiming he falsely listed a Maryland home as his primary residence while maintaining properties in California.

Politically, the timing is notable: James has been a high-profile critic of former President Donald Trump and previously filed civil suits against him. Critics have long warned of “weaponization” of the justice system, and the James indictment is being seen by many as part of that larger pattern.

If you like, I can also produce a side‑by‑side comparison of the James and Schiff allegations, with timelines and possible legal outcomes.