This just in: the Department of Justice has just opened a criminal investigation into Federal Reserve Governor Lisa Cook over allegations of mortgage fraud.
The official investigation comes after Federal Housing Director William Pulte criminally referred her to the DOJ.
No one is above the law…
BREAKING: The DOJ has opened a criminal investigation into Federal Reserve ex-Governor Lisa Cook
Mortgage fraud is a 30-year felony
We’ve all seen the proof—undeniableAccountability is coming pic.twitter.com/pwRNEEjyzL
— John Strand (@JohnStrandUSA) September 4, 2025
Amid the scandal, President Trump has fired Lisa Cook from the board.
However, Cook isn’t going in peace.
She’s currently challenging her removal through a lawsuit, claiming the mortgage fraud was just due to a “clerical error.”
Fox Business reported:
The Justice Department investigation comes just days after Cook filed a lawsuit challenging President Donald Trump‘s attempt to fire her from the panel of central bankers that is tasked with charting the nation’s economic path.
The news threatens to further ensnarl her legal fight to stay on the Fed board, and could postpone an expected ruling from U.S. District Judge Jia Cobb, who ordered both parties to court just last week for a status hearing to consider the matter.
The fraud allegations Trump cited in his move to fire her were first leveled by Bill Pulte, a Trump appointee to the Federal Housing Finance Agency, the federal agency that regulates Fannie Mae and Freddie Mac.
Pulte linked Cook in two separate referrals to the Justice Department to a trio of mortgages she took out before she joined the nation’s central bank.
The loans, tied to properties in Michigan, Georgia, and Massachusetts, prompted scrutiny over whether Cook had misrepresented how the homes would be used. Trump seized on those allegations in his bid to oust her from her role as a Federal Reserve governor.
The criminal investigation opened by the DOJ could further complicate Cook’s fight to stay in her role on the Fed board.
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Keep in mind that this woman is one of the few people in our nation that can influence interest rates.
So, to sum it up, Lisa Cook (allegedly) bent the rules in order to secure favorable loan terms for herself.
All while she sat on the Federal Reserve Board, refusing to lower your interest rates.
It’s really hypocritical when you put it that way, isn’t it?
While she repeatedly voted to NOT lower interest rates for us, this Fed Governor was lying on her own mortgage documents to get a lower interest rate for herself.
Let that sink in.
Arrest Lisa Cook. pic.twitter.com/Kjg2ncleWM
— Dreamy (@dreamy12122) September 3, 2025
It’s expected that an indictment against Lisa Cook will happen very soon.
Per The New York Post:
A grand jury in Atlanta is looking into Cook and “it’s likely an indictment could come,” a source familiar with the matter told The Post.
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Of course, Lisa Cook won’t be able to serve as Federal Reserve Governor from behind bars.
Stay tuned…
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