US Justice Department launches criminal mortgage fraud probe into Fed Governor Cook
The Justice Department is investigating allegations that Lisa Cook misrepresented multiple properties as primary residences, potentially affecting mortgage rates and tax benefits, officials said.
- In 2025, the U.S. Justice Department began investigating Federal Reserve Governor Lisa Cook for alleged mortgage fraud, issuing grand jury subpoenas in both Georgia and Michigan as part of the inquiry.
- The investigation follows a criminal referral from Bill Pulte, who accused Cook of listing multiple properties as primary residences during her 2022 Fed appointment vetting.
- Cook denies committing mortgage fraud, says Trump has fabricated the scandal, and believes he aims to fire her to appoint another person to the Fed board of Governors.
- Ed Martin, appointed special assistant U.S. attorney, leads the probe, while Republicans refuse to hold a hearing for a new appointee until allegations are adjudicated.
- The case challenges the Fed's independence and could influence interest rate policy amid Trump's demands for aggressive rate cuts and recent weak economic data.
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DOJ probing mortgage fraud claims against Fed governor Lisa Cook, AP source says
News of the investigation comes amid a high-stakes legal fight over President Donald Trump’s removal last month of Cook, an action she says is being undertaken so that he can seize control of the independent central bank.
·Washington, United States
Read Full ArticleDOJ Opens Case Against Lisa Cook
The Department of Justice has launched a criminal probe into Federal Reserve Governor Lisa Cook over mortgage fraud allegations. The investigation comes days after Cook filed a lawsuit against President Trump’s move to remove her from the position. In recent weeks, Federal Housing Finance Agency Director William Pulte has also issued two criminal referrals for Cook. Officials familiar with the probe told The Wall Street Journal that subpoenas ha…
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Total News Sources74
Leaning Left15Leaning Right15Center25Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 27%
C 45%
R 27%
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