Rep. Eric Swalwell (D-Calif.) was referred for federal criminal charges related to alleged mortgage and tax fraud involving his purchase of a $1.2 million home in Washington, DC. The Federal Housing Finance Agency Director Bill Pulte requested an investigation based on false and misleading statements about the property’s use as a primary residence, according to sources familiar with the referral.
The designation could involve mortgage fraud, insurance fraud, and state and local tax fraud, among other charges. In addition to the Department of Justice criminal referral, FHFA’s inspector general is probing the alleged mortgage fraud.
Swalwell responded in a statement, “Like James Comey and John Bolton, Adam Schiff and Lisa Cook, Letitia James and the dozens more to come – I refuse to live in fear in what was once the freest country in the world.” He emphasized he would not end his lawsuit against former president Donald Trump and would continue speaking out against the president and advocating for Californians.
Sen. Adam Schiff (D-Calif.), New York Attorney General Letitia James, and Federal Reserve governor Lisa Cook have faced similar criminal referrals from Pulte based on allegedly false statements about second homes or rental properties being their primary residence. The referrals indicated misrepresentations may have granted each more favorable loan terms.