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DOJ Reviews Criminal Referral Involving Fed Governor Cook Amid Fraud Allegations

DOJ Reviews Criminal Referral Involving Fed Governor Cook Amid Fraud Allegations

According to PANews citing Jin10 Data, Justice Department officials will review a criminal referral and pressed Chair Jerome Powell to remove Governor Cook amid mortgage-related allegations.

Fact Check
Multiple credible news sources confirm that a criminal referral regarding Federal Reserve Governor Lisa Cook was made to the Department of Justice over mortgage fraud allegations. Specifically, a Reuters article states, 'the Justice Department will review the mortgage fraud referrals,' which directly corroborates the statement that the DOJ is reviewing the matter.
Summary

PANews, citing Jin10 Data, reports that U.S. Department of Justice officials plan to investigate Federal Reserve Governor Cook over mortgage-related issues, will further review a criminal referral, and urged Fed Chair Jerome Powell to remove her. Previously, the DOJ confirmed it received a criminal investigation referral related to Cook and said it was taking the matter seriously. Earlier reports indicated the referral stemmed from a letter alleging forged bank documents and property records to obtain favorable loan terms. The DOJ has not provided additional investigative details.

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