E (5:34)
All right. I've had time now to Go through the indictment. Lindsey Halligan is the only one to have signed it. There's her little. There it is. There's her John Hancock. Lindsey Halligan, United States Attorney, are you. Because one of the first moves I'm sure Abby Lowell, the lawyer for Letitia James, is gonna make, is to move to dismiss and to disqualify Lindsay Halligan as an illegally appointed U.S. attorney. But that is for another hot take. Let's look at this first and why. Bill Pulte, the Nepo baby billionaire who bought his position on Fannie Mae and Freddie Mac, the son of the Pulte family, Mark Pulte, the Pulte construction fortune. He's the one that's been sending out half ass, half baked, framed allegations of mortgage fraud. Adam Schiff, mortgage fraud. Lisa Cook, Board of Governors of the Federal Reserve, mortgage fraud. Letitia James, mortgage fraud. You've got Donald Trump ordering Lindsey Halligan through Pam Bondi to bring this prosecution. We'll throw that up on the screen. And now you've got the indictment. Now, as I said earlier, Elizabeth, you see who was or is currently, at least the time of this recording, the Major Crimes Unit prosecutor chief in the Eastern District of Virginia, Norfolk, Virginia. She let it be known in the last 72 hours she's not prosecuting this case, that there's no there there, that there's no crime here. There's no ability for a prosecutor on probable cause to sustain a conviction through appeal. And when I read to you from the indictment, you're going to know why, and I'm going to post the indictment on legal. I have substack, so you can read it for yourself. Letitia James was a resident of Brooklyn, New York, and a borrower on a mortgage for a property in Norfolk, Virginia. Okay. She borrowed from a bank called ovm Old Virginia Mortgage. Okay. And then Old Virginia Mortgage sold her loan to another bank. So far. Where's the fraud? The fraud is. They say that when she bought the house, okay, she said to the bank, the original bank that doesn't own it anymore, that it was a second home for her, but she ended up renting it out to a family of three. Okay. And that the bank gave her some low interest rate. They gave her 3% instead of 3.83%, and the difference is 18,000 over 30 years. Like Letitia James was going to ruin her career and commit mortgage fraud to save 18 grand over 30. Who believes that? That's the Bill Pulte. Dirty fingerprints all over this with his language. I could just see It now, paragraph 8, this misrepresentation allowed James to obtain favorable loan terms. This is not Lindsey Halligan's writing. Not available for investment properties, including a Note rate of 3%, avoiding a point in higher comparable investment property rate of 3.815%, resulting in approximately $17,837 in rate savings over the life of the loan. Thanks, Bill Pulte. Are you now the U.S. attorney for Eastern District of Virginia? Count one, by the way, that loan got sold off and they claim that the loan on paragraph 11, the loan was acquired by a bank that she had no relationship with called First Savings Bank. So they couldn't have been defraud, but they were exposed to risk associated with the misrepresented loan. What's the risk? They're holding a loan that is being paid by a borrower named the New York Attorney General, Letitia James. What's the risk? It's a rental property. See, the theory is that people won't default on their first homes or maybe their second homes, but they'll default on their rental properties. I don't think that's true at all. I think if you have a rental property, you have money coming in, it's paying for the mortgage, you're less likely to default. I think that's what the studies show. Having put that aside for a minute. So the bank that currently holds the loan, this First Savings bank, didn't make the loan. So they couldn't have been defrauded by any misrepresentations by Letitia James. And now we know from reporting that's been an evidence that's already been sent out to the media by Abby Lowell, the lawyer for Letitia James. She didn't even sign the papers. They say in the, in the indictment on paragraph 14, that honor about August 7, 2020 through January 2024, she executed and attempted to execute a scheme to defraud OVM Financial and First Savings Bank. I thought they said at the beginning of the indictment that OVM sold the loan in sold the row. The loan to another bank. So if they sold the loan to another bank, how were they. How was she still defrauding them? And. And the new evidence is she didn't execute the papers. She had a niece in Virginia with the power of attorney, because I think her father lives there who executed the papers. So she didn't even execute the papers. And there's nobody at the bank, the first bank, that's going to declare that she committed fraud, that they didn't know this was a rental property at the time in order to commit a crime. Not every bad act is a crime, by the way. Even if you. Even if you did it, Even if she did it, you have to show criminal intent. Mens rea. Criminal mind. What's the criminal mind? She intentionally checked the wrong box to save like a thousand, like $500 a year. I don't really understand of how that's the crime. Count one, bank fraud. Count two, false statements to a financial institution, which is really just a redress of the other. And then a forfeiture notice. You'll have to forfeit the $18,000. Now, the forfeiture notice, that is a direct retaliation against Letitia James for the $468 million disgorgement order that she got from Judge Engoron in New York against Donald Trump and all of his family. Because she calculated with Judge Engoron how much they saved from cheating on their taxes and pumping up their net worth and lying on financial forms to banks. And they calculated that at 468 million. And disgorgement is like forfeiture. So of course they added a forfeiture. This indictment is not worth the paper it is written on. The judge has already been assigned to the case. That's the new reporting as well. We've got Jamar Walker. Let me tell you about Jamar Walker. Biden appointee, worked for Covington and Burling, a major firm clerk federally and for about eight years was a prosecutor. Wait for it. In the Eastern District of Virginia. The same prosecutor's office that's turning its back on Lindsey Halligan. Jamar Walker is now is great. I won't even mention, although I will, that he's African American. Has nothing to do with it. I'm just telling you that if we're getting as free thinking people crappy draws in the ninth Circuit Court of Appeals and Trump cases about the National Guard, where we're getting a lot of Trump. We're getting great judges picked in the Eastern District of Virginia. We got Judge Namikoff, who's the judge of. Appointed by Biden for Comey. We got two Biden judges on top of these phony indictments. You couldn't ask for better chef's kiss. To the, to the random gods that selected these judges. What's going to happen? She already has counsel, you see, she's fired up. Piss and vinegar. And they're going to be filing, I think, even faster than Comey, a motion to dismiss for prosecutorial abuse, for vindictive prosecution, for retaliatory prosecution. For selective prosecution. Nobody gets prosecuted for this in the Eastern District of Virginia because there's no crime there. That's why, Liz, youse let it leak out. I'm sure that she was not recommending an indictment. She knew there was a grand jury coming up on Thursday and she wanted this out the door first. And this will be used by Abby Lowell for Letitia James to get this indictment dismissed. The vindictive prosecution is easy. There is nobody who Donald Trump has attacked more than Letitia James. He's even gone so far as. I'll just. I'm gonna show you one clip of him attacking her. Let's play the clip.
