‘A Big Deal’: Trump Hints At Major Consequences For Adam Schiff Amid Fraud Investigation

A growing scandal surrounding California U.S. Sen. Adam Schiff (D-CA) entered its latest chapter on Tuesday when President Donald Trump warned that he may face stiff consequences for allegedly falsifying paperwork for federal mortgage loans, although the nature of these consequences remains unclear.

Speaking from the Oval Office, the president took aim at his longtime enemy when a reporter asked about his latest salvo at Schiff. A federal housing authority last week turned over the senator’s mortgage paperwork to the U.S. attorney general for a criminal investigation.

“It looks like Adam Schiff really did a bad thing. They have him now. Let’s see what happens. It’s not up to me. I stay out of it purposely. But it’s mortgage loan fraud. It’s a big deal,” Trump told reporters.

The casual response is a far cry from Trump’s first reaction to allegations that Schiff may have misrepresented documents stretching back to his 2009 purchase of a second residence in Maryland. Schiff, at the time, was a member of the U.S. House representing the 29th Congressional District of California and, by law, was required to reside in the state.

In a lengthy social media post last week, Trump referred to his longtime nemesis as a “scam artist.”

“And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud,” Trump wrote on Truth Social. “Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA.”

That claim was followed up by a criminal referral to Attorney General Pam Bondi from U.S. Federal Housing Finance Agency Director William Pulte.

“Based on media reports, Mr. Adam B. Schiff has, in multiple instances, falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property,” FHFA Director Pulte wrote.

“As regulator of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, we take very seriously allegations of mortgage fraud or other criminal activity. Such misconduct jeopardizes the safety and soundness of FHFA’s regulated entities and the security and stability of the U.S. mortgage market.”

Although Trump kept a calm demeanor in Tuesday’s meeting, it’s clear to observers of the scandal that he’s not letting Schiff off the hook.

WATCH:

Sen. Schiff appeared to ignore questions shouted by a Fox News reporter on Capitol Hill last week.

“Do you have a response to Trump saying you’re guilty of mortgage fraud?” shouted the scribe. Schiff just replied, “Have a nice day.”

Schiff was famously a member of the congressional J6 investigation that pinned blame for the riots on Trump. Since winning his Senate seat last year, he has been at the forefront of lashing out against any agenda item pursued by the administration, including the deployment of Marines and National Guardsmen to Los Angeles to quell riots following immigration raids.

Marines began to leave the city this week.