Federal Reserve Gov. Lisa Cook described a condo she purchased in 2021 as a “vacation home” and “second home” on official documents, potentially undermining White House allegations that she committed mortgage fraud by claiming multiple primary residences. Cook, the first Fed governor to be targeted for removal by a president, has secured an injunction blocking her firing as the legal battle continues ahead of a key Fed interest rate decision.
Tag: Bill Pulte
Posted inNational News
Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
The Justice Department has opened a mortgage fraud probe into Federal Reserve Governor Lisa Cook, who is also fighting the 47th president’s attempt to oust her from the Fed. Cook’s lawyers argue the investigation is politically motivated and part of a broader effort to undermine the central bank’s independence.