Trump Calls for Schiff To Be Jailed Over Mortgage Fraud: ‘Big Trouble’
WASHINGTON, D.C. — The decades-long feud between President Donald Trump and his chief investigator, Senator Adam Schiff, has escalated into a criminal showdown. In a series of blistering late-night Truth Social posts, the President declared that Schiff is in "BIG TROUBLE" and should "pay the price of prison" for allegedly orchestrating a "sustained pattern" of mortgage fraud discovered by Fannie Mae’s Financial Crimes Division.
The investigation centers on a high-stakes residency "scam" that allowed Schiff to double-dip on financial benefits in two different states.
The Maryland-California "Double-Dip"
According to federal referrals and property records, Schiff is accused of falsifying bank documents to designate his home in Potomac, Maryland, as his "primary residence" between 2013 and 2019.
The Financial Gain: By claiming the Maryland home was his main residence, Schiff allegedly secured significantly lower mortgage interest rates, as lenders view primary homes as lower risk than secondary properties.
The Constitutional Conflict: As a U.S. Senator representing California, Schiff’s legal primary residence must be in the Golden State.
The Tax Theft: While claiming Maryland as his primary home for the bank, Schiff simultaneously claimed a property in Burbank, California, as his primary residence to secure a homeowner’s tax exemption, reportedly saving him roughly $7,000.
"A Sustained Pattern"
While Schiff’s spokesman told the Los Angeles Times that the Senator followed legal advice and was merely "moving between two houses," a report from Fannie Mae acquired by the outlet tells a different story. The report noted a "sustained pattern of possible occupancy misrepresentation" regarding which property the Schiffs identified as their primary residence on loan records.
Financial crimes experts warn that mortgage fraud cases involving clear-cut financial records are notoriously difficult to defend. "If the answers to residency questions are undisputed, there is nothing to have a trial about," noted Florida defense attorney Keith Gross. Most of these DOJ-prosecuted cases result in plea deals involving heavy fines, restitution, and potential prison time.
May you like
The "Scam Artist" Narrative
President Trump, who has frequently targeted Schiff since the 2016 Russia investigation and the 2019 impeachment, took to social media to hammer the "scam artist" narrative. Trump alleged that Schiff only re-designated the Maryland home as a second home in 2020 as part of a "ruse" once the scheme became a liability.
"I have always suspected Shifty Adam Schiff was a scam artist," Trump wrote. "Mortgage Fraud is very serious, and CROOKED Adam Schiff needs to be brought to justice." As the DOJ reviews the referral, the possibility of a sitting U.S. Senator facing a felony indictment has the Democratic Party in a defensive crouch heading into the spring.
