NewNow you can hear Fox News article!
A source in the Trump administration told Fox News that Sen Adam Shif, D-Calif, is subject to criminal investigation for hostage fraud.
Fox News host Laura Ingraham broke the news on “The Ingraham Angle” on Tuesday night, stating that the source is being conducted a criminal investigation on the possible allegations related to the hostage fraud by the US Attorney Office in Maryland.
A month after the Federal Housing Finance Agency (FHFA) was broken, a month after a story broke, a criminal referral was sent to the Department of Justice (DOJ), alleging that chiffs, in many examples, denied bank documents and property records to achieve more favorable debt conditions.
In an affidavit of 2011 signed by the then California Congressman, Shif proved that Montgomery County, a property in Maryland, is his primary residence.
Trump’s ‘No Shrink Violets’ DOJ is digging on Chif’s hostage deal as a legal crisis
US Sen Adam Shif, D-Calif., On April 30, in Washington, DC, the 2025 attack on April 30, shows the 2025 attack arms ban at a news conference (Kevin Dietsch/Getty Images)
Shif also owns a condomineium in Burbank, California, which he has also claimed as his primary residence as a recent 2023 during his campaign for the Senate.
Shif’s office did not immediately respond to the request of Fox News Digital to comment on the case.
In May, the director of UFHFA sent a letter to Attorney General Palm Bandy and Deputy Attorney General Tod Blanches citing alleged misconduct by Shif.
Can Senator Adam Shif really go to jail on alleged mortgage fraud?
Attorney General Palm Bondi was informed in May of possible misconduct by Shif. (Tom Williams/CQ-Roll Call, Inc.
FHFA Director William Pulte wrote in the letter, “Depending on media reports, Mr. Adam B. Shif has influenced the payment for a Potomac, Maryland-based assets from 2003-2019, to acquire more favorable loan conditions, in several examples, bank documents and property records, to acquire more favorable loan conditions.” “Fanny Mae, as a regulator of Freddy Mac and Federal Home Loan Banks, we charge very seriously of hostage fraud or other criminal activity. Such misconduct threatens the safety and stability of the FHFA’s regulated institutions and American mortgage market safety and stability.”
The bridge later received a memo from Fanny Mae’s Financial Crime Investigations, stating that Shif allegedly touched five Fanny Maei loans “in a continuous pattern of probable occupants”, Fox News has learned.
According to the letter, Shif and his wife bought a house in Potomac, Maryland, Maryland in 2003, according to the letter. He entered a Fanny Mae-Sam-Samvading Hostage Agreement for $ 610,000 at a rate of 5.625% over a period of 30 years, assuming that the property would be his primary and major residence.
According to a source by the Trump administration, Adam Shif, D-Calif., Are investigating for hostage fraud. (Drew Anger/Getty Images)
The letter stated that he confirmed his primary residence in Maryland Home 2009, 2011, 2012 and 2013, despite being an elected officer representing California state at the same time.
Fox News received a copy of the 2011 affidavit, in which Shif proved that Maryland House is his primary residence.
Pulte said that Shif and his wife did not list Maryland’s house as their secondary residence until 2020.
At the same time, Shif took a tax exemption of a homeowner on a Kondo, in which he is the owner. Barbank, California, Also claiming that 1% of the house, as its primary residence for a reduction of $ 7,000 from property tax, wrote citing media reports.
In 2023, a spokesperson of letter notes, Shif, said, “Adam’s primary residence is Burbank, California, and he lives when he wins the Senate seat.”
The Federal Housing Officer wrote that he believes that the alleged misconduct of Shif may be a violation of the federal criminal code that ban wire fraud, mail fraud, bank fraud and false statements to financial institutions.
Paltte wrote that Shif “is the wrong record for” favorable debt terms, and also appears that the financial benefits of a primary residence mortgage are known compared to a secondary residence mortgage. “
Click here to get Fox News app
According to the letter, in 2023, a spokesperson of Shif told CNN that, “Adam’s California and Maryland addresses have been listed as primary residence for debt purposes as they both occupy throughout the year and to separate them from a holiday property.”
Last year, letter notes, a federal jury convicted Marlyn mosby When she was the Attorney of Baltimore City State, making false statements on a hostage application for a fluorida condominium.
Danielle of Fox News Digital contributed to this report.
