Posted on 09/14/2025 9:38:35 AM PDT by Miami Rebel
Sept. 13 (UPI) -- Federal Reserve Gov. Lisa Cook described the Atlanta condominium she bought in 2021 as a second home, according to documents reviewed by The New York Times and The Washington Post.
A filing from May 2021 listed the property's use as a "vacation home" and a December 2021 form she provided to the Biden administration called the condo a second home, the Washington Post reported. She submitted the December document after President Joe Biden nominated her to join the Federal Reserve's Board of Governors.
A similar review by The New York Times reaches the same conclusions but says the documents are not legal documents and do not resolve the allegations that she committed fraud by claiming the Atlanta property and another home in Ann Arbor, Mich.
Federal Housing Agency Director Bill Pulte initially raised concern that Cook might have committed fraud and said the newly released documents do not settle the matter.
"If Dr. Cook solicited estimates as a vacation home and then entered into a mortgage agreement as a primary residence, that is extremely concerning and, in my opinion, evidence of further intent to defraud," Pulte told The New York Times.
Pulte has referred the issue to the Department of Justice, which is investigating the matter.
President Donald Trump said he was firing Cook, but she challenged her dismissal in a lawsuit and remains a Federal Reserve governor.
I write my own memo explaining my actions to myself and associates, fixing the legal matter, and then declare the issue closed. It gets old and tired.
The thing is, they went after Trump for load fraud with ridiculous charges and it's probably not a coincidence that so many of them are suddenly under investigation for the same thing, this time for real fraud not manufactured ones.
1. We haven’t seen the bank documents.
2. It’d be pretty clever of her to have planted memos four years before the loans became an issue.
The point of all this is that the Senate was notified of the situation prior to confirmation. The DoJ lawyer foolishly said that if this was true, then the Senate was aware of it all prior to her confirmation and there would be no “cause” for removal, given that the Senate clearly did not think it reason to refuse the position to her.
But if there was another such instance after confirmation, then there is cause.
This is irrelevant if she paid taxes based on fraudulent declarations in her tax returns.
Sure, the entire system of Congress and Executive branch bros should have their mortgages reviewed and finances. I bet a large amount of people commit various degrees of fraud via their filings and reductions.
Well and good. But even Pulte hasn’t accused her of that.
I bought a vacation mountain home about 20 years ago. The mortgage company screwed up and thought I was buying it as my primary residence, but I clearly said 2nd home on the application. So when they caught their error they told me they couldn’t honor the rate they offered, but they made it up by raising it to the absolute minimum they could and then discounted the transaction.
So these people know it’s serious...you can’t lie about what you plan to do with the property.
I doubt any Freeper is getting his shorts in a knot over the fact that Ken Paxton of Texas and his now-estranged wife, Angela, declared three separate Texas homes as their primary residence in mortgage documents.
But I could be wrong.
If we can get them for *anything* we need to do it. If some of our people go down as well, so be it.
The Mortgage/Security Instrument/Deed of Trust: This is the document that places a lien on your property and secures the loan.
The Mortgage Note (or Promissory Note): This is the document that creates the debt and details the terms of the loan, including the borrower's legal obligation to repay the lender.
The Loan Estimate and Closing Disclosure: These are also legally important documents that provide details on the loan's terms and costs.
While the application itself is a request and doesn't obligate you to a loan, you sign legally binding documents like the mortgage note and the mortgage at the end of the process, and these documents do commit you to the terms of the loan.
Falsifying documents to obtain payouts is illegal under a range of federal and state laws that cover both criminal and civil fraud. Federal laws often apply to schemes involving the U.S. government, financial institutions, or interstate commerce, while state laws cover forgery and fraud within their borders.
Federal laws and penalties
Mail and wire fraud (18 U.S.C. §§ 1341 and 1343)
These statutes prohibit using the U.S. mail or interstate wire communications (including phone calls, faxes, and emails) in a scheme to defraud others of money or property.
Penalties: Up to 20 years in federal prison and significant fines. If the fraud involves a financial institution or a federally declared disaster, the penalty increases to up to 30 years and a fine of up to $1 million.
False Claims Act (FCA) (31 U.S.C. §§ 3729 et seq.)
This law targets individuals and companies that defraud federal government programs, such as Medicare, Medicaid, and defense contracts. Liability is incurred by knowingly submitting a false claim for payment or using a false record to get a claim paid.
Civil penalties: Significant fines per false claim, plus three times the amount of damages the government incurred.
Whistleblower provisions: The FCA has a “qui tam” provision that allows private citizens to file lawsuits on behalf of the government and receive a percentage of any recovery.
Bank fraud (18 U.S.C. § 1344)
This statute criminalizes schemes to defraud a financial institution or obtain its money or property through false or fraudulent pretenses.
Penalties: Up to 30 years in prison and a fine of up to $1 million.
False statements (18 U.S.C. § 1001)
This law makes it a crime to knowingly and willfully make a materially false statement or representation in any matter within the jurisdiction of the federal government.
Penalties: Up to five years in federal prison and a fine.
Forgery and counterfeiting (18 U.S.C. §§ 471, 495, and 510)
These laws cover the forgery of official U.S. documents, securities, and signatures.
Penalties: Up to 20 years in federal prison for forging U.S. securities, or up to 10 years for forging contracts or deeds to obtain money from the U.S..
State laws and penalties
In addition to federal statutes, most states have laws criminalizing forgery and fraud to cover schemes that do not involve the federal government or interstate commerce. For example, Virginia law covers the following:
Forgery of writings: Forging a document or using a forged writing to prejudice someone’s rights is a Class 5 felony.
Obtaining money by false pretenses: This law criminalizes obtaining money or property through false representation with the intent to defraud. The severity of the penalty depends on the value of the property.
How the laws apply
The specific laws that apply depend on the nature of the fraud and the entities involved:
Victim: The victim of the fraud often determines which laws apply. If the victim is the federal government, the FCA, and statutes like 18 U.S.C. § 1001 are relevant. If the victim is a bank, 18 U.S.C. § 1344 applies.
Method: The method of communication used can also trigger federal jurisdiction. Using the postal service or electronic communication to execute the fraud falls under the mail and wire fraud statutes, respectively.
Conduct: The specific actions determine the charges. A person might be charged with forgery for falsifying the document, wire fraud for emailing it to the victim, and bank fraud for attempting to use it to obtain money from a bank.
Department of Justice (.gov)
940. 18 U.S.C. Section 1341—Elements of Mail Fraud
* 940. 18 U.S.C. Section 1341—Elements of Mail Fraud. “There are two elements in mail fraud: (1) having devised or intending to devise a scheme to defraud
Department of Justice (.gov)
A Guide To The Federal False Claims Act | Whistleblower Law
A Guide To The Federal False Claims Act * Liability Under the False Claims Act. The FCA is written broadly, with the aim of reaching all types of fraud...
This reminds me ...
....like .... writing an email to oneself minutes after the 2016 Inauguration that bho told everyone involved at an early January meeting to conduct the DJT investigations “by the book.” ... weeks after bho allegedly said it. Rice used their media wing to inform the other co-conspirators what everyone’s recollection was about the meeting, should they be called to testify.
Reason number 1,453 to not like or trust lawyers. ;)
Seriously, that is retarded thinking right there. Sadly, a lot of people will agree.
>> No one is above the law wasn’t a slogan back then so she was good to go.
😂
It’s all about the benjamins! THAT slogan, or at least the truth behind it, is ancient, and enduring...
Call:
Congress (202) 224-3121
DOJ Main Switchboard 202-514-2000
Message: See post no 15
In, and during war, you do not point out the faults of your own side. You are close to being a traitor to, and an enemy of, the people of the United States.
You’ve been advised. Watch it.
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