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BREAKING: Adam Schiff Caught Red-Handed In Major Fraud Scheme

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President Donald Trump charged out of the gate Tuesday, alleging U.S. Sen. Adam Schiff (D-CA) has been the benefactor of a mortgage fraud scheme dating back to his time prosecuting Trump as a leader of the J6 congressional committee.

In a lengthy social media post, 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.”

The allegation is similar to one levied against New York Attorney General Letitia James, who was referred for criminal prosecution earlier this year after federal authorities discovered inconsistencies in her mortgage documents dating back decades. James has lawyered up, accusing Trump of pursuing a “political witch hunt” while benefitting from a secret $10 million public fund she can tap for legal expenses.

Schiff, however, hasn’t seen his home state lawyers do the same.

“I always knew Adam Schiff was a Crook,” Trump exclaimed.

According to the president, Sen. Schiff refinanced his Maryland property with federal loan holders on Feb. 6, 2009, which he listed at the time as his primary residence. The alleged deception continued until Oct. 13, 2020, when Trump claims the paperwork was corrected to list the home as a secondary residence.

Schiff served in the U.S. House from 2001 until 2024, when he easily won election to the Senate.

“Mortgage Fraud is very serious, and CROOKED Adam Schiff (now a Senator) needs to be brought to justice,” Trump added.

Schiff, who has not yet responded to the allegation, has been busy chiding Trump for everything from “Alligator Alcatraz” to the government’s response to historic flooding in Texas. He has seemingly jumped at every opportunity to portray Trump as authoritarian, incompetent, and unethical.

“Firing everyone who could tell you what you’re doing is unethical or illegal does not make what you’re doing ethical or legal,” he wrote after news broke that U.S. Attorney General Pam Bondi fired the ethics watchdog at the Justice Department.

The watchdog may find work in Schiff’s office, which will need a significant ethics course in response to allegations of mortgage fraud.

President Trump’s reach over the federal bureaucracy has expanded his power into otherwise soporific places such as the Federal Housing Finance Agency, where its director, William Pulte, has assisted Trump in ferreting out potential criminal wrongdoing by his enemies. Critics have expressed shock at Trump’s willingness to defy norms and install loyalists in such far-flung federal agencies, but as Tuesday’s announcement shows, Trump is doing his homework when it comes to looking for skeletons in the closets of his foes.