Lisa Cook under federal investigation for mortgage fraud as pressure mounts on the Fed
Briefly

Lisa Cook under federal investigation for mortgage fraud as pressure mounts on the Fed
"Prosecutors have issued subpoenas to obtain information related to allegations that she provided false information on applications for two mortgages. The complaints against the governor originate from a senior Trump administration official responsible for investigating potential mortgage fraud, who claimed on social media that in 2021 Cook had listed two different homes as her primary residence on separate credit applications."
"Cook has challenged her dismissal in court, and the case is now pending before a federal court, where state attorneys were scheduled to submit their arguments today defending Trump's decision. On Thursday, Cook's lawyer, Abbe Lowell, reiterated that his client did not commit fraud. The questions over how Governor Cook described her properties from time to time, which we have started to address in the pending case and will continue to do, are not fraud,"
The Department of Justice opened a criminal investigation into allegations that Federal Reserve Governor Lisa Cook committed mortgage fraud. Prosecutors issued subpoenas seeking information about claims that she provided false information on two mortgage applications. The complaints stem from a senior Trump administration official alleging Cook listed different primary residences in Michigan and Georgia. President Trump announced a for-cause dismissal and accused Cook without presenting evidence; Cook filed a lawsuit challenging the dismissal and denies wrongdoing. The case is pending in federal court while state attorneys prepared arguments defending the president's decision.
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