DOJ Probes Mortgage Fraud Referral Involving Rep. Eric Swalwell’s $1.2M DC Home

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DOJ Probes Mortgage Fraud Referral Involving Rep. Eric Swalwell’s $1.2M DC Home

Rep. Eric Swalwell, a Democrat from California, is under investigation for alleged mortgage fraud. This inquiry revolves around his $1.2 million purchase of a home in Washington, D.C. Swalwell claimed this house as his primary residence, prompting federal concerns.

Details of the Mortgage Fraud Referral

The Federal Housing Finance Agency (FHFA) Director, Bill Pulte, sent a letter to Attorney General Pam Bondi. In this letter, Pulte requested a thorough investigation into Swalwell’s practices. He cited claims of falsehoods and misleading statements associated with the property purchase.

Nature of the Allegations

According to sources, Swalwell secured substantial loans and refinancing using his primary residence declaration. This situation raises significant legal questions regarding potential mortgage fraud and tax violations.

Mortgage Fraud: Allegations suggest that Swalwell misrepresented the nature of his residence.
Tax Fraud: Local and state tax implications are also under scrutiny.
Insurance Fraud: The claim could extend to potential insurance misrepresentation.

Federal Investigations Underway

In addition to the DOJ’s criminal referral, the FHFA’s inspector general is also investigating the matter. These concurrent investigations underline the seriousness of the allegations.

Swalwell’s Response

Swalwell has publicly reacted to the allegations, stating he is unfazed by the scrutiny. He implied that the investigation is politically motivated, given his position as a critic of former President Donald Trump. He emphasized his commitment to advocating for his constituents despite the challenges he faces.

Swalwell’s statement reflects his determination to continue his lawsuit against Trump, reinforcing his role as a vocal political figure. His resilience in the face of legal challenges highlights ongoing tensions within the current political landscape.

Conclusion

The investigation into Eric Swalwell’s $1.2 million home purchase raises significant concerns about ethical practices in real estate transactions among public officials. As the story unfolds, it will be crucial to monitor how these revelations affect Swalwell and the broader political implications.