Overview

• The U.S. Attorney’s Office in Maryland has launched a criminal investigation into Senator Adam Schiff based on a May referral from the Federal Housing Finance Agency.
• Prosecutors are examining claims that Schiff designated his Potomac, Maryland home as his primary residence between 2003 and 2019 despite also living in California.
• FHFA Director William Pulte cited a Fannie Mae financial-crimes memo outlining a sustained pattern of occupancy misrepresentation across five refinancing transactions.
• Investigators are assessing potential violations of federal statutes including wire fraud, mail fraud, bank fraud and making false statements to financial institutions.
• Schiff has denied any wrongdoing, asserting that lenders were aware of his year-round occupancy of both properties and calling the probe political retaliation driven by President Trump.