US Fed Governor Cook offers detailed defence in mortgage fraud case
Briefly

US Fed Governor Cook offers detailed defence in mortgage fraud case
"Cook's lawyer Abbe Lowell said the criminal referrals Pulte made against her fail on even the most cursory look at the facts. The two separate criminal referrals Pulte made fail to establish any evidence that Cook intentionally deceived her lenders when she obtained mortgage loans for three properties in Michigan, Georgia and Massachusetts, the letter said. Lowell also accused Pulte of selectively targeting Trump's political enemies while ignoring similar allegations against Republican officials, The Wall Street Journal reported."
"United States Federal Reserve Governor Lisa Cook's lawyer has offered the first detailed defence of mortgage applications that gave rise to President Donald Trump's move to fire her, saying apparent discrepancies in loan documents were either accurate at the time or an inadvertent notation that couldn't constitute fraud given other disclosures to her lenders. Cook has denied wrongdoing, but until Monday, neither she nor her legal team had responded in any detail"
"A Department of Justice spokesperson said the department does not comment on current or prospective litigation, including matters that may be an investigation. In a letter to US Attorney General Pam Bondi seen by the Reuters news agency, Cook's lawyer Abbe Lowell said the criminal referrals Pulte made against her fail on even the most cursory look at the facts."
Abbe Lowell, lawyer for Federal Reserve Governor Lisa Cook, asserted that the criminal referrals by FHFA Director William Pulte fail to establish intentional deception of lenders in mortgage applications. Lowell argued that apparent discrepancies in loan documents were accurate at the time or were inadvertent notations that could not constitute fraud given other disclosures to lenders. The referrals concern mortgage loans for properties in Michigan, Georgia, and Massachusetts. Cook has denied wrongdoing, challenged her removal in court, and had the Supreme Court block the firing pending January arguments. Lowell accused Pulte of selectively targeting political opponents and cited his recent conduct, including dismissal of FHFA watchdogs.
Read at www.aljazeera.com
Unable to calculate read time
[
|
]