Lisa Cook faces serious legal troubles following a criminal investigation into mortgage fraud allegations.
Last month, President Donald Trump fired Federal Reserve Governor Lisa Cook amid allegations of mortgage fraud, and the left promptly freaked out, with Rep. Maxine Waters (D-Calif.) calling for Trump’s ouster via the 25th Amendment. Now, according to a report from The Wall Street Journal, Cook’s legal problems have just become very real.
“The Justice Department has opened a criminal investigation into Federal Reserve governor Lisa Cook, issuing subpoenas as part of an inquiry into whether she submitted fraudulent information on mortgage applications, according to U.S. officials familiar with the matter,” the paper reported Thursday.
The initial scrutiny has centered on Cook’s properties in Ann Arbor, Mich., and Atlanta, with investigators using grand juries as part of the probe, the officials said.
The investigation comes on the heels of two criminal referrals from Bill Pulte, the Trump-appointed director of the Federal Housing Finance Agency, who has publicly alleged that Cook engaged in mortgage fraud.
