by Tyler Durden

Sen. Adam Schiff (California) - best known for dramatizing Trump’s Ukraine call during his first term, misidentifying evidence in texts, overstating “collusion” findings, and defending a FISA memo later found to contain false statements - is under criminal investigation for alleged mortgage fraud, according to a Trump administration source

According to the FHFA, Schiff and his wife purchased a home in Potomac, Maryland, in 2003, financing it with a $610,000 Fannie Mae-backed loan by declaring it their primary residence. However, Schiff also claimed a condo in Burbank, California, as his primary residence, even receiving a $7,000 California homeowner's tax exemption.

FHFA investigators and Fannie Mae’s financial crimes unit concluded Schiff showed "a sustained pattern of possible occupancy misrepresentation" across five loans. Pulte indicated potential violations of federal laws, including wire, mail, and bank fraud.
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Hmmm, sounds serious. Now, none of y'all would misrepresent information to get that loan, now would ya? Course not!

"Wire fraud is a federal crime that carries a sentence of up to 20 years’ imprisonment and fines of up to $250,000 for individuals"

Bank Fraud "shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both."

"Mail Fraud is punishable by imprisonment for 20 years, a fine, or both."

Is it worth it to get a half point better interest rate? $110 bucks per month? You'd be spending that much just buying protection cigarettes, monthly for 20 years. Best advice given for the investing community, play it straight. You'll sleep better in your own bed.