Letitia James is facing bank fraud charges following an extended legal conflict between the New York Attorney General’s office and the Department of Justice, alongside President Donald Trump.

“No one is above the law. The charges as outlined in this case signify deliberate, illegal actions and profound violations of the public’s confidence,” stated the U.S. Attorney for the Eastern District of Virginia concerning the indictment.

The New York Attorney General dismissed the accusations as “unfounded” and characterized Trump’s motivations as a “serious infringement of our constitutional framework”.

She added on Thursday: “This is nothing more than a continuation of the president’s relentless militarization of our legal system. He is compelling federal law enforcement to execute his will, simply because I performed my duties as the New York State Attorney General. The president’s public declarations overtly demonstrate that his sole objective is political revenge, regardless of the consequences.”

It is alleged that James provided inaccurate information to a financial institution during her 2020 mortgage application for a Virginia property.

Prosecutors contend that James secured the mortgage for the residence with the understanding that the three-bedroom house would serve as a secondary home. However, James subsequently leased the property to a family.

“This misstatement enabled James to secure advantageous loan conditions typically inaccessible for investment properties,” the indictment asserts.

Reports indicate that if found guilty, James could receive a sentence of up to 30 years in prison and up to $1 million in fines for each of the two counts.

The President appointed [Name of Attorney] as the district’s chief attorney in late September, following heightened pressure from the Trump Administration for the removal of Erik Siebert, the previous incumbent.

Siebert, an experienced lawyer and prosecutor, had informed high-ranking Department of Justice officials prior to his resignation that there was insufficient proof to indict James on fraud accusations, the .

James characterized the call for Siebert’s resignation and the subsequent appointment of Halligan in his stead as “contrary to the fundamental tenets of our nation.”

The Trump Administration has consistently targeted the New York Attorney General since her victory in a 2024 New York Supreme Court case against the President. [Missing information] alleged that he offered deceptive statements to lenders, inaccurately overstating his net worth.

“Donald Trump is at last being held responsible for his deceit, dishonesty, and colossal fraud. Because regardless of how significant, wealthy, or influential one perceives themselves to be, no one is above the law,” [missing source/speaker] stated concerning the ruling last February.

Justice Arthur F. Engoron mandated that Trump, along with his sons Eric and Donald Jr., and other defendants, make payments, and additionally prohibited the family from serving as officers or directors for any New York company for a period of 2-3 years.

The New York Attorney General defended her legal challenge against the President, asserting on Thursday, “I wholeheartedly support my office’s legal action against the Trump Organization. Our two-year investigation was conducted based on facts and evidence, not political motives.”

According to [missing source], Abbe Lowell, James’s attorney, refuted the allegations.

Lowell expressed in a statement, “We are profoundly worried that this legal action stems from President Trump’s pursuit of vengeance.”

“When a President can publicly order charges to be brought against an individual—especially when it was reported that professional attorneys determined no charges were justified—this signifies a grave assault on the rule of law. We intend to contest these charges through every legal avenue available.”

James is scheduled to make an initial appearance in federal court in Norfolk, Virginia, on October 24, concerning the indictment.