The type of mortgage fraud case in which Sen. Adam B. Schiff is entangled is usually clear-cut and hard to escape, said financial crimes experts, who added that the senator could likely end up paying heavy fines and penalties.
Mr. Schiff has been referred to the Justice Department for prosecution regarding mortgage documents, in which he claimed “primary” residences in two states and gained financial advantages from doing so.
The California Democrat is alleged to have falsified bank documents and property records by designating a home he owns with his wife in Potomac, Maryland, as their primary residence. This designation reduced their mortgage payments from 2013 to 2019.
The type of mortgage fraud case in which Sen. Adam B. Schiff is entangled is usually clear-cut and hard to escape, said financial crimes experts, who added that the senator could likely end up paying heavy fines and penalties.
Mr. Schiff has been referred to the Justice Department for prosecution regarding mortgage documents, in which he claimed “primary” residences in two states and gained financial advantages from doing so.
The California Democrat is alleged to have falsified bank documents and property records by designating a home he owns with his wife in Potomac, Maryland, as their primary residence. This designation reduced their mortgage payments from 2013 to 2019.
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