NORFOLK, Va. — New York Attorney General Letitia James was indicted Thursday on federal counts of bank fraud and making false statements to a financial institution.
The indictment alleges that in 2020, James falsely claimed on mortgage paperwork for a Virginia home that it would be her primary residence, even though she primarily lived and worked in New York. Prosecutors say the misrepresentation allowed her to secure more favorable loan terms, saving her about $18,000.
