Get all your news in one place.
100’s of premium titles.
One app.
Start reading

Letitia James pleads not guilty on federal bank fraud charges

New York Attorney General Letitia James pleaded not guilty on Friday morning to federal bank fraud charges.

Why it matters: President Trump publicly demanded James' prosecution, and went as far as pressuring a federal prosecutor to leave his job after he refused to pursue charges. James has called the case "baseless" and motivated by political retribution over the civil fraud case she brought against Trump.


Driving the news: A tentative trial date was set for Jan. 26, per the New York Times. Prosecutors said they expect the trial to take about a week.

  • The Justice Department (DOJ) said it would call eight to 10 witnesses, per CNN.
  • An attorney for James did not immediately respond to Axios' request for comment.
  • The White House referred questions about the case to the DOJ, which told Axios it had no comment.

The latest: After the arraignment, James' attorneys filed a motion to dismiss the indictment and bar acting U.S. Attorney Lindsey Halligan from prosecuting cases and performing other duties of her job.

  • The filing said Halligan's appointment as an interim U.S. attorney was unlawful.

Zoom out: The Federal Housing Finance Agency wrote a criminal referral for James in April for allegedly falsifying bank statements to receive "more favorable loan terms" on a second home in Norfolk, Virginia.

  • A grand jury in Virginia indicted James earlier this month on charges of bank fraud and making false statements to a financial institution.

What she's saying: "This is nothing more than a continuation of the president's desperate weaponization of our justice system," James said on Oct. 9. "He is forcing federal law enforcement agencies to do his bidding, all because I did my job as the New York State Attorney General."

  • In a civil fraud lawsuit against Trump for improper business practices, James secured a $364 million fine. It was later tossed by an appeals court.

Go deeper: What to know about Trump's DOJ indictment of Letitia James

Editor's note: This story was updated with details throughout.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.