US justice department opens criminal inquiry into Fed governor Lisa Cook | Federal Reserve

The US Department of Justice launched a criminal investigation on allegations of mortgage fraud against the allegations of mortgage as a lawsuit filed against Donald Trump against Federal Reserve Governor Lisa Cook.

Lawyers with the Ministry of Justice published a court subpoena for an investigation. Wall Street JournalSince then, the first reported the investigation confirmed by more than one news publication.

Last month, Trump moved to Fire Cook with unjust allegations that he listed two properties as his primary residence. Federal Housing and Finance Agency Director and Trump’s close ally Bill Pulte claimed that Cook had lied to bank documents and records to obtain a better mortgage ratio.

Cook, a member of the FED Board of Directors who voted for interest rates, said, “There is no intention of bullying to resign” and he would take any questions about my financial past ”.

In response to Trump’s proposal to reject him, Cook filed a lawsuit against the president, arguing that his dismissal was contrary to the constitution and threatened the independence of the FED. Cook’s lawyers say that fire is “unprecedented and illegal ve and that the federal law requires“ why için to remove a governor of the FED.

“Not an unfounded claim about the special mortgage applications presented by the Governor Cook before the approval of the Senate. [cause]Leri the lawyers said in the court documents.

In the court documents, Cook lawyers suggested that there may be a “office error behind the inconsistencies found in the mortgage records.

Cook was appointed by Joe Biden for a 14 -year period on the board, which will end in 2038. The first black woman to be assigned to the board.

The US Regional Court judge Jia Cobb heard arguments for the case last week and said that it would accelerate the case expected by the US Supreme Court.

Trump’s attacks against Cook are opposed to the basis of a long fight against the Fed, which is historically seen by the White House.

At the beginning of the year, Trump threatened to expel the FED chair Jerome Powell because he did not reduce interest rates, but ultimately he took back his threats after investors’ negative answers. Trump also tried to blame Powell of renovations that were more expensive than expected in the center of the Fed.

Cook’s lawyer Abbe Lowell told Journal that “this does not require anything to carry out a new politicized investigation.” The Ministry of Justice did not immediately respond to Guardian’s request for comments.

This is the third mortgage fraud initiated by the Ministry of Justice against democrats and democratic authorities. Experts called Trump and allies as a kind of “Lawfare” because they used their roles to take over other officials.

Last month, US Chief Public Prosecutor Pam Bondi, appointed The White House’s California senator Adam Schiff and New York Chief Prosecutor Letitia James against a similar lawyer to investigate the allegations of the saked fraud.

While Trump pursues cooking on the penalty mortgage fraud, at least three cabin members of the Trump administration have more than one primary residence, Propüblica reports.

Trump’s Secretary of Transport Sean Duffy, Lori Chavez-Deremer and Lee Zeldin, Lari Chavez-Deremer and Environmental Protection Agency, has financial explanation forms, real estate records and mortgage data provided by Hunterbrook media.

Real estate experts, the non -profit investigation output, at the same time the demand for primary houses in different mortgages is usually legal and rarely prosecution, he said.

Robert Mackey contributed to this report