President Trump accused Senator Adam Schiff of mortgage fraud involving misleading lenders about his primary residence. Schiff denied the allegations, branding them as political retribution and claiming transparency regarding his two homes. Trump cited an investigation from Fannie Mae's Financial Crimes Division, which indicated Schiff had identified both a Maryland home and a California unit as primary residences but did not find evidence of fraud. Investigators suggested a pattern of potential occupancy misrepresentation but did not conclude a crime was committed.
President Trump accused Sen. Adam Schiff of committing mortgage fraud by misleading lenders about his primary residence to secure a cheaper mortgage. Trump claims Schiff 'ripped off America.'
Schiff dismissed the allegations as 'baseless attempts at political retribution,' asserting he has always been transparent about owning two homes.
Investigators found that Schiff had identified both his Potomac and Burbank properties as his primary residence, indicating possible occupancy misrepresentation across several years.
While the investigators found a 'sustained pattern of possible occupancy misrepresentation,' they did not conclude that a crime had been committed, nor did they use the term 'fraud.'
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