Latest news with #Schiff
Daily Mail
2 days ago
- Politics
- Daily Mail
Trump demands senator's imprisonment, citing 'big trouble'
'Adam 'Shifty' Schiff is in BIG TROUBLE,' Trump said in a Truth Social post on Sunday night. 'He falsified loan documents.' Trump also went on to slam Schiff for orchestrating an 'American Tragedy' by investigating his son Donald Trump Jr.'s phone records in 2019 amid concerns about the origin of a meeting with Russians held in Trump Tower three years prior. 'He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally 'manufactured' in order to stage an actual coup,' Trump wrote. 'My son did nothing wrong, knew nothing about the fictional story. It was an American Tragedy! 'Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!' Schiff had threatened to subpoena Don Jr. to glean new details about two phone calls he made to blocked numbers after meeting with a Russian lawyer. At the time, Trump was under investigation for potentially colluding with the Kremlin. He also led the charge to impeach Trump in his role as chair of the House Intelligence Committee. Trump's latest round of attacks on Schiff are yet another example of the president seeking out anyone who has crossed him over the years. This includes New York Attorney General Letitia James who has found herself at the center of a DOJ investigation into her real estate transactions after bringing multiple cases against Trump. James has launched lawsuits against the president during both terms, including for alleged fraud. Since January 20 she has filed at least 15 actions. The Post reports that subpoenas were issued in Virginia concerning a mortgage application in which she affirmed that she intended to make a Norfolk home her primary residence. The outlet said it obtained records which showed the AG's signature granting a power of attorney to her niece to execute the purchase. 'This investigation into me is nothing more than retribution. It's baseless,' James said of the probe. Barbara McQuade, a former U.S. attorney for the Eastern District of Michigan told the publication it was 'awfully coincidental' that Trump's critics have been subjected to home loan investigations. 'You don't get a free pass because you're a public official,' McQuade said. 'But I think they've really undermined the credibility of the department by staking out this ground seeking retribution against Trump's enemies.' Trump said he wanted to see Schiff (pictured) 'brought to justice' through the investigation into his finances. But Schiff maintained his innocence and argued he was being persecuted by the Trump administration as political retribution for his involvement in opposing the family over the years. 'This is just Donald Trump's latest attempt at political retaliation against his perceived enemies,' Schiff wrote on X. 'So it is not a surprise, only how weak this false allegation turns out to be.' A spokesperson for his office insisted the lenders for both of his homes - one in Washington and another in California - were aware that he intended to use both year-round while serving in public office. He maintained neither home is considered a 'vacation' property. Appointing one home as a primary residence can allow a borrower to secure lower rates, because it is considered a less risky investment. Schiff took aim at the president during an appearance on Stephen Colbert's show telling him to '[expletive] off'. 'But before you [expletive] off, would you release the Epstein files?' Schiff asked, to rapturous applause. It is unclear how Trump became aware of Schiff's mortgages, or what involvement he has played in the investigation so far. According to The Washington Post, a confidential memo within Fannie Mae, the lender responsible for the questionable loans, said an investigation has been ongoing amid concerns Schiff 'engaged in a sustained pattern of possible occupancy misrepresentation on 5 Fannie Mae loans'. The internal memo states the company's financial crimes team received a document demand from the Federal Housing Finance Agency on May 12 relating to loan files.
Newsweek
2 days ago
- Politics
- Newsweek
Donald Trump Calls for Senator To Be Jailed: 'Big Trouble'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump has escalated his attacks on Senator Adam Schiff, calling for the Democrat to go to prison for alleged mortgage fraud. In a Truth Social post on Sunday night, the president accused Schiff of falsifying loan documents, saying the senator was in "BIG TROUBLE" and should "pay the price of prison." Newsweek contacted Schiff for comment via contact form on his website on Monday. Why It Matters Trump and Schiff have had an adversarial relationship since the former's first presidency, and Schiff has remained a fierce critic of the president. While serving in the House of Representatives, Schiff took a leading role in inquiries into Russian interference in the 2016 election. He also played a key role in the president's first impeachment in 2019. Trump's call for Schiff to be imprisoned reflects a broader pattern of the president using his power and influence to target his political opponents, particularly those involved in past investigations against him. A composite image of President Donald Trump, left, departing the White House in Washington, D.C., on July 15 and Democratic Senator Adam Schiff of California at the U.S. Capitol on December 10, 2024. A composite image of President Donald Trump, left, departing the White House in Washington, D.C., on July 15 and Democratic Senator Adam Schiff of California at the U.S. Capitol on December 10, 2024. Anna Moneymaker/What To Know Trump ramped up his attacks on Schiff last week, alleging in a Truth Social post on July 15 that the Democrat had engaged in a "sustained pattern of possible Mortgage Fraud," which the president said had been uncovered by the Financial Crimes Division of the Federal National Mortgage Association, also known as Fannie Mae. The president accused Schiff of improperly declaring a house he owned in Maryland as his primary residence to get a lower mortgage rate. A spokesperson for Schiff told the Los Angeles Times that the senator followed legal advice and was transparent about living between his two homes, one in his home state of California and the other near where he works in Washington, D.C. A Fannie Mae memo reviewed by the outlet did not accuse Schiff of mortgage fraud or of any crimes, but it noted "a sustained pattern of possible occupancy misrepresentation" regarding which home he and his wife listed as their primary residence on mortgage documents. In a post on X, Schiff described Trump's accusations as a "baseless attempt at political retribution." He added in another post, "And much as Trump may hope, this smear will not distract from his Epstein files problem." The president has faced mounting criticism over his administration's failure to release records about child sex abuse linked to the late financier and former Trump acquaintance Jeffrey Epstein. In his Sunday Truth Social post, Trump also said Schiff had falsely accused his son Donald Trump Jr. of criminal activity during the Russia investigation, adding that Schiff should "pay the price of prison for a real crime, not one made up by the corrupt accusers." What People Are Saying President Donald Trump wrote on Truth Social on Sunday: "Adam 'Shifty' Schiff is in BIG TROUBLE! He falsified Loan Documents. He once said my son would go to prison on a SCAM that Schiff, along with other Crooked Dems, illegally 'manufactured' in order to stage an actual coup. My son did nothing wrong, knew nothing about the fictional story. It was an American Tragedy! Now Shifty should pay the price of prison for a real crime, not one made up by the corrupt accusers!" Senator Adam Schiff wrote on X on July 15: "Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason. So in a way, I guess this is a bit of a letdown. And this baseless attempt at political retribution won't stop me from holding him accountable." What Happens Next Schiff has not been formally charged with any wrongdoing, and experts say it seems unlikely that Trump's calls for prosecution will lead to formal legal action.
Time of India
5 days ago
- Business
- Time of India
Mortgage fraud allegations: Trump accuses Senator Adam Schiff; lawmaker calls it president's act of 'political retaliation'
Adam Schiff (Image: US President Donald Trump on Tuesday accused Democratic Senator Adam Schiff of mortgage fraud alleging that he misrepresented his primary residence to secure more favourable loan terms. In a post on Truth Social, Trump said that the Federal National Mortgage Association's (Fannie Mae) financial crime unit uncovered a 'sustained pattern of possible mortgage fraud' by Schiff. . A senior administration official added that a decision on prosecution now lies with the justice department and warned, 'this is just the beginning, unfortunately,' for Schiff. Senator Schiff has denied the accusations and called them politically motivated. 'This is just Donald Trump's latest attempt at political retaliation against his perceived enemies,' Schiff posted on X. 'So it is not a surprise, only how weak this false allegation turns out to be.' Schiff's office clarified that lenders were informed of his regular use of both his California and Washington residences and neither was considered a vacation property. Public documents related to Schiff's mortgage and property in Montgomery County, Maryland shows Schiff designated one of his homes as a second residence in 2020, although earlier filings listed it as his primary home. A confidential memo from Fannie Mae, obtained by The Washington Post, claims that Senator Schiff gave incorrect information about how he used five properties when applying for home loans. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo According to the memo, one of the homes, a one-bedroom condo in Burbank, California was listed as his main residence, even though it did not seem suitable for a family of four. The memo also noted that all five loans have now been fully repaid. Barbara McQuade, a former US attorney, criticised Trump's accusations. She said that while mortgage fraud is commonly investigated, the recent focus on Trump's political opponents is concerning. McQuade asserted that being a public official doesn't exempt anyone from the law and by targeting critics of Trump, the administration risks damaging the justice department's credibility. This incident follows a similar investigation involving New York Attorney General Letitia James, a prominent critic of Trump. James, along with other Democratic state attorneys general, has filed several lawsuits against the Trump administration. Attorney General Pam Bondi on Tuesday said she had just learned of Trump's Truth Social post and could not confirm whether Schiff was subjected to a criminal investigation. Schiff had previously led Trump's impeachment proceedings while serving in the House
Yahoo
6 days ago
- Business
- Yahoo
Peter Schiff Dismisses Bitcoin's Scarcity: 'The Supply of Bitcoin Is Actually Meaningless'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Prominent economist and gold bug Peter Schiff has taken yet another swipe at Bitcoin, this time questioning the asset's perceived scarcity. 'What if Bitcoin's supply was 21B instead of 21M?' Schiff said on July 12 on X, suggesting that it could be the case if 1 BTC was redefined as 100,000 satoshis instead of 1 million satoshis. 'Would it still feel scarce?' he said, adding, '100M is just an arbitrary construct. The supply of Bitcoin is actually meaningless—it's the satoshi supply that counts.' Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Schiff's critique of Bitcoin's supply attempts to highlight how the asset's valuation is tied to the perception of its scarcity. But as highlighted by many Bitcoin proponents in response to Schiff, nothing fundamentally changes, no matter how you try to look at it. One user likened the argument to saying one can have more pizza by cutting it into smaller slices. Ethereum Foundation acceleration team member Binji Pande added that the same argument could be made against gold's scarcity by redefining ounces. 'What if you were a giant purple dinosaur instead of a man? Absurdity invites more absurdity,' value investor and Bitcoin proponent Mike Alfred submitted. Schiff's critique of Bitcoin's scarcity followed an impressive week for the asset that saw it break high after high while gold stagnated. He attributed this outperformance to a surge in risk sentiment, dismissing any notion that it was proof of one asset being superior to the other. Trending: New to crypto? on Coinbase. 'CNBC is once again touting Bitcoin's recent outperformance of gold,' he said. 'But Bitcoin is a risk asset — it rallied with tech stocks. $NVDA hit a new record high today. The $QQQ is barely off its record high set Wednesday. In that environment, gold — a safe haven — has traded sideways.' Schiff added that silver was also rallying and had better potential than Bitcoin in his view. He said, 'while Bitcoin can easily crash, silver's downside seems very limited.' In April, Schiff said that the U.S. was on the cusp of a financial crisis worse than the Great Depression, citing President Donald Trump's tariffs. He said 2025 would be the end of Bitcoin if the predicted financial crisis materialized. So far, however, the market has moved in the opposite direction. Instead of a crash, equities and cryptocurrency assets have rallied. Bitcoin, in particular, has surged over 65% since Trump's April tariff announcement to trade as high as $123,000 from $74, like Bitwise investment chief Matt Hougan have chalked up the asset's rally to 'massive unrelenting demand meeting limited supply,' citing purchases from exchange-traded funds and public corporations. Speaking to Yahoo Finance last week, Hougan said he expected the buying pressure to continue and Bitcoin's price to run higher as a result. 'I think once we break the gravity of around $100,000, where we've been trading in and out of for the last 6 months, I think it's sort of anyone's guess where we go,' he said. 'Here at Bitwise, we expect Bitcoin to top $200,000 by the end of the year.' Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Image: Shutterstock This article Peter Schiff Dismisses Bitcoin's Scarcity: 'The Supply of Bitcoin Is Actually Meaningless' originally appeared on Sign in to access your portfolio
Economic Times
7 days ago
- Politics
- Economic Times
Senator Adam Schiff hits back after Trump accuses him of ‘ripping off America' but did he game the system for a tax break?
Donald Trump is once again aiming his fire at Senator Adam Schiff. In a post on Truth Social, Trump claimed Schiff is a "scam artist" and accused him of a "sustained pattern of possible mortgage fraud." He says the Democratic Senator should be "brought to justice" for allegedly misleading lenders to secure better mortgage terms. Trump's comments came after the Federal Housing Finance Agency reportedly sent a criminal referral to the Justice Department. The case centres on Schiff's Maryland home, which he listed as his primary residence in 2009, despite previously declaring it a secondary home and representing California in Congress. "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," Trump accusation is based on a rebate Schiff claimed for his California property, which requires the residence to be a "true, fixed, and permanent home" under state law. Schiff responded swiftly, calling the accusations a weak political smear. "Since I led his first impeachment, Trump has repeatedly called for me to be arrested for treason. So in a way, I guess this is a bit of a letdown," Schiff said in a statement on X. "This baseless attempt at political retribution won't stop me from holding him accountable. Not by a long shot." — SenAdamSchiff (@SenAdamSchiff) He continued, "This is just Donald Trump's latest attempt at political retaliation against his perceived enemies. So it is not a surprise, only how weak this false allegation turns out to be. And much as Trump may hope, this smear will not distract from his Epstein files problem."A spokesperson for Schiff also stated that the lenders were fully aware of his year-round use of both homes and that neither property was a vacation first reported on the mortgage questions in 2023, but experts say Schiff is unlikely to face charges. California's property laws are open to interpretation, and there's no evidence of deliberate a senior administration official told the New York Post the matter could lead to charges. "It is extremely serious and [Schiff] is not taking it seriously," the official said. "The senator could face a criminal count for each time he paid his monthly mortgage bill."Trump added more fuel during a White House press briefing, saying, "I would have thought he covered his bases a little bit better than that. Adam Schiff is a low-life, he deserves what he gets."This is just the latest chapter in a long political fight. Schiff was central to Trump's first impeachment trial in 2020, accusing him of abusing power to pressure Ukraine into investigating Joe Biden. Trump has targeted Schiff repeatedly ever was later censured by House Republicans for his role in promoting claims of Russian collusion, and remains a favourite Trump mortgage allegations come at a time when Trump is facing multiple legal battles of his own, including fallout from the Epstein files and ongoing civil fraud for Schiff, he's keeping busy. According to Quiver Quantitative, his net worth is currently $1.9 million. He has around $761,000 in publicly traded assets and raised $1.2 million in campaign funds last quarter. He has over $7 million in cash on also been active on legislation, proposing bills on reproductive rights, gun control, and government the noise, no formal charges have been filed. The Justice Department has declined to comment. Schiff insists he has nothing to hide. Trump, meanwhile, is doing what he does best: stirring the this goes anywhere legally is still unclear. What is clear is that, in this deeply polarised political era, old rivalries never really die. They just reload.
