Donald Trump and Bill Pulte's "Mortgage-Fraud Fraud" Falls Apart Amid Controversy in New York Real Estate Scene
Trump's "revenge play" against NY AG Letitia James over "flimsy" mortgage fraud allegations backfires in the real estate industry.
President Donald Trump and real estate mogul Bill Pulte's "mortgage-fraud fraud" has sparked controversy in the New York real estate scene. Before my previous column exposing the Trump administration's allegations against NY Attorney General Letitia James, many in the industry already had a low opinion of her. But as more details emerge, it's become even more clear that the claim is beyond flimsy.
Some in the industry are cheering Trump's "revenge play" against James, while others argue that she may have actually committed a crime. However, the evidence against James is weak and her critics should take a step back before continuing to support Trump's fabricated claims.
As the controversy continues, it's important to remember that there is nothing funny about a president attempting to fabricate criminal charges against a political opponent. The "mortgage-fraud" allegations are not only weak, but also reflect poorly on the real estate industry's involvement in politics.
According to The Real Deal, it has become clear that Trump's "revenge play" has backfired and only serves to highlight the power struggles and influence games within the New York real estate scene.
Originally reported by The Real Deal.
https://therealdeal.com/new-york/2025/09/23/trumps-mortgage-fraud-case-against-ag-james-falls-apart/