Lindsey Halligan, U.S. Attorney for the Eastern District of Virginia, announced that a federal grand jury has indicted New York State Attorney General Letitia James on charges of bank fraud and making false statements to a financial institution. The indictment cites violations under 18 U.S.C. Section 1344 and 18 U.S.C. Section 1014.
“No one is above the law. The charges as alleged in this case represent intentional, criminal acts and tremendous breaches of the public’s trust,” said U.S. Attorney Halligan. “The facts and the law in this case are clear, and we will continue following them to ensure that justice is served.”
If convicted, James could face up to 30 years in prison for each count, fines up to $1 million per count, and forfeiture. Sentences for federal crimes are often less than the maximum allowed, as sentencing is determined by a federal district court judge who will consider the U.S. Sentencing Guidelines and other legal factors.
The indictment is an accusation, and Letitia James is presumed innocent unless proven guilty.
