The type of mortgage fraud case involving Sen. Adam Schiff is typically straightforward and difficult to defend against, according to financial crimes experts, who warn the senator could face substantial fines and penalties.
The California Democrat has been referred to the Justice Department for prosecution over allegations that he falsely claimed “primary” residence status in two different states to gain financial benefits.
Schiff is accused of submitting falsified bank and property documents, designating a home he owns with his wife in Potomac, Maryland, as their primary residence—an action that lowered their mortgage payments from 2013 to 2019, the Washington Times reports.
However, as a U.S. Senator from California—and previously a Representative for a California district—his legal primary residence must be in that state.
