Adam Schiff Doomed as Allegations of Mortgage Fraud Go Back Years - Slay News
In a shocking new development, President Donald Trump’s longtime political adversary, Democrat Sen. Adam Schiff (D-CA), is facing criminal prosecution after a bombshell referral from the U.S. Federal Housing Finance Agency (FHFA) over alleged mortgage fraud spanning years.
The FHFA has formally alerted the Department of Justice (DOJ) of the evidence, triggering an investigation into Schiff’s actions following a series of mortgage-related allegations.
Schiff, who was elected to the Senate in 2024 after years of serving as a House lawmaker, is under intense scrutiny after Trump announced the charges earlier this week.
It was revealed that between 2003 and 2019, Schiff may have falsified documents related to his Maryland-based property to secure more favorable loan terms.
The property in question is located in Potomac, Maryland, just outside Washington, D.C.
According to the FHFA’s referral, Schiff allegedly manipulated bank documents and property records, a clear violation of federal housing rules.
The details of the case are particularly troubling.
Fannie Mae’s financial crimes investigations concluded earlier this week, revealing that Schiff may have engaged in “a sustained pattern of possible occupancy misrepresentation” across five loans.
This suggests that Schiff intentionally misrepresented his primary residence status in order to secure lower mortgage rates, potentially defrauding taxpayers and benefiting from millions in unearned financial advantages.
Trump, never one to shy away from calling out his political foes, wasted no time in blasting “scam artist” Schiff over the allegations.
On Truth Social, Trump posted, “I have always suspected Shifty Adam Schiff was a scam artist.
“And now I learn that Fannie Mae’s Financial Crimes Division has concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.”
Trump went on to highlight the gravity of Schiff’s alleged actions, stating:
“Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA.
“I always knew Adam Schiff was a Crook.”
According to Trump, the fraud began with the refinance of Schiff’s Maryland property in 2009 and continued through multiple transactions until the property was correctly designated as a second home in 2020, after years of questionable financial dealings.
This latest scandal involving Schiff has further soured the already tense relationship between Trump and Schiff, who have been political foes for years.
Schiff, who served as the lead House manager during Trump’s first impeachment trial in 2020, has long been a vocal critic of the president.
His repeated promotion of the debunked narrative that Trump’s 2016 campaign colluded with Russia has only added to the animosity between the two.
The investigation into Schiff’s mortgages follows a broader trend of investigations into political figures with long-standing ties to Trump.
Just months earlier, a similar mortgage investigation was launched against New York Attorney General Letitia James, another Trump adversary.
The FHFA also sent a referral to the Department of Justice regarding James’s suspicious mortgage activity, with allegations of falsified records to secure favorable loan terms for a property she purchased in Norfolk, Virginia.
While Schiff’s office has yet to comment on the matter, this explosive development threatens to rock his political career.
The Senate, where Schiff now serves, will likely be watching closely as the DOJ investigation unfolds.
His nomination to the Senate was met with pushback, and these new revelations regarding alleged financial crimes may further alienate him from his colleagues.
The timing of this referral also raises questions about the ethical implications of Schiff’s role in Washington.
If the allegations are proven true, they could have serious consequences not only for Schiff personally but for his standing in the Senate and the Democratic Party at large.
As for Trump, he has made it clear that this investigation is just the beginning.
With the momentum of these allegations mounting against Schiff, Trump’s call for justice echoes louder than ever.
Schiff, who has built a career on holding others accountable, now finds himself at the center of an investigation that could severely damage his reputation.
Trump has never been one to back down when it comes to exposing corruption, whether in the government or in the media, and he is now calling for full accountability in Schiff’s case.
As the investigation continues, many conservatives will be watching closely to see if this case is another instance of a political elite abusing their power for personal gain.
The case against Schiff is a powerful reminder that no one, no matter how high-profile, should be above the law.
For too long, figures like Schiff have used their political power to advance their own interests while claiming the moral high ground.
Now, the allegations of mortgage fraud and the ensuing DOJ investigation place Schiff’s actions under intense scrutiny.
As Schiff faces mounting pressure, Trump and his supporters will continue to demand justice.
The question now is whether the Department of Justice will hold Schiff accountable or whether this case will become yet another example of political elites getting away with unethical actions.
However, this is far from over, and it’s about time that those who defraud the system are brought to justice.