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California Democrat Senator Adam Schiff is reportedly under federal criminal investigation over alleged mortgage fraud tied to misrepresented property records. According to Fox News, the probe centers on claims Schiff declared multiple homes as his "primary residence" to secure favorable mortgage terms on government-backed loans.Key Details:The U.S. Attorney's Office in Maryland is conducting the investigation, according to a source who spoke to Fox News. The probe follows a criminal referral from the Federal Housing Finance Agency (FHFA) alleging that Schiff falsified property documents and occupancy claims.Schiff and his wife reportedly claimed a home in Potomac, Maryland, as their "primary residence" on multiple Fannie Mae loan documents -- despite Schiff representing California in Congress during the same time period and taking a homeowner's tax exemption in Burbank, California.FHFA officials believe Schiff may have violated multiple federal statutes, including wire fraud, bank fraud, and false statements to financial institutions, by allegedly misrepresenting property use to obtain lower mortgage rates.
On Tuesday, the U.S. Attorney’s Office in Maryland, hardly a bastion of right-wing activism, revealed it is actively pursuing Schiff for alleged mortgage fraud. This isn’t some garden-variety political dustup—Schiff faces accusations that he repeatedly lied about his primary residence on federally backed mortgage applications spanning over a decade, from 2009 through 2020. While representing California in Congress, Schiff allegedly listed a Maryland property as his primary address to secure more favorable terms on his loans. Simultaneously, he maintained ownership and residency at his Burbank, California condo, the very residence promoted as his home base during his 2023 Senate campaign.The accusations don’t stop at mere paperwork snafus. The Federal Housing Finance Agency referred the matter to the Department of Justice after uncovering evidence that Schiff may have falsified bank documentation and property records—not once but repeatedly—to line his own pockets. If true, these are not trivial offenses. They point to violations of wire fraud, bank fraud, and submitting false financial statements, all crimes carrying serious criminal consequences. The noose tightens most notably around a 2011 affidavit in which Schiff declared under penalty of perjury that the Montgomery County, Maryland, home was his primary residence. Yet, when political winds shifted, he evidently felt comfortable turning on a dime and marketing himself as a lifelong Californian.
