❓WHAT HAPPENED: Representative Eric Swalwell (D-CA) has been hit with a federal criminal referral for alleged mortgage and tax fraud related to the purchase of a $1.2 million home in Washington, D.C.
👤WHO WAS INVOLVED: Rep. Swalwell, Federal Housing Finance Agency (FHFA) Director Bill Pulte, Attorney General Pam Bondi, and the Department of Justice (DOJ).
📍WHEN & WHERE: The alleged fraud pertains to Swalwell’s Washington, D.C. residence, with the referral confirmed on Wednesday.
💬KEY QUOTE: “As the most vocal critic of Donald Trump over the last decade… the only thing I am surprised about is that it took him this long to come after me,” Swalwell said in a statement.
🎯IMPACT: The referral could lead to investigations into potential mortgage, insurance, and tax fraud, with FHFA’s inspector general already probing the matter.
Congressman Eric Swalwell (D-CA) is facing a federal criminal referral accusing him of mortgage and tax fraud linked to his $1.2 million residence in Washington, D.C. In a letter dated Wednesday, Federal Housing Finance Agency (FHFA) Director Bill Pulte urged Attorney General Pam Bondi to probe Swalwell’s purportedly deceptive claims during the property acquisition.
According to sources, Swalwell obtained millions in financing and subsequent refinancings by classifying the home as his principal dwelling—a move that investigators suggest may constitute mortgage fraud, insurance fraud, and violations of state and local tax rules. The referral has landed at the Department of Justice (DOJ), with the FHFA’s inspector general launching a parallel inquiry.
The California Democrat has dismissed the probe as political payback. “As the most vocal critic of Donald Trump over the last decade and as the only person who still has a surviving lawsuit against him, the only thing I am surprised about is that it took him this long to come after me,” he said.
Swalwell added, “Like James Comey and John Bolton, Adam Schiff and Lisa Cook, Letitia James and the dozens more to come—I refuse to live in fear in what was once the freest country in the world.”
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