Sam Antar ｜ 05-21-25
Episode Stats
Summary
Letitia James, New York s AG, says it's all politics. Sam Antony and Joel Gilbert cover a pattern of mortgage fraud by Letitia James that goes back to before she became attorney general, in the early 2000s.
Transcript
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The Stone Zone on the Red Apple Podcast Network.
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He is the editor and publisher of whitecollarfraud.com.
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He himself was once convicted in one of the largest security frauds in American history,
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paid his debts to society, and after getting out of prison,
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has dedicated his life to helping law firms, governments, and others
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ferret out corruption in both public and private entities.
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He's one of the sharpest investigators and analysts I have ever met.
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You should check out his website, whitecollarfraud.com.
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It was Sam Antar and another documentary filmmaker and investigative journalist,
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Joel Gilbert, who undercovered an indisputable series of acts of mortgage fraud
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I went to Howard University that overturned legal segregation in this country.
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I've been taught in those classrooms where Thurgood Marshall once taught.
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That sounds to me like a woman who's in full panic.
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It's that stone of hope that gives me a fire in my belly each and every morning.
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It's that stone of hope that allows me to wake up and to stand to Donald Trump
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and to say, Donald Trump, I'm not afraid of you.
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I smell panic is what I smell because she's guilty and she knows she's guilty.
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Sam, if I did what you have proven she did, well, they'd be charging me.
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So, Sam, tell us about this pattern of fraud that you have detected.
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What happens is she was buying a property in Norfolk, West Virginia with her niece.
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And the property was purchased as joint tenancy with rights of survivorship.
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When she originally was purchasing the property, she claims, well, she shows an email,
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whereby she did not want the property to be her primary residence.
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But 14 days later, she signs a power of attorney saying that she intends to occupy the premises
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And that document was witnessed by two key people in her office.
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One who happens to be the Deputy Attorney General of New York.
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The mortgage eventually closes based upon the power of attorney that she's going to occupy
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the property, but she never occupies the property.
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The other item is, is that this was done a few weeks before the Trump trial, where she's
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basically, where she's suing Donald Trump for mortgage fraud.
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So, when she signs that power of attorney, she claims it was a mistake.
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She claims, okay, if that's the case then, okay, why wasn't the loan corrected?
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Because she had the benefits of a loan that was underwritten based upon the fact that she
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So, just to clarify this, by claiming that the property would be owner-occupied by she
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and her niece, not both, not either, but both, she got a lower mortgage rate.
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If it's a mistake, then why wasn't it corrected?
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Why was the mortgage underwritten based upon her sworn statement, which was a sworn power
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of attorney, where she said that she was going to occupy the property?
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Well, as you have pointed out, if she made the Virginia property her principal residence,
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which she signed under oath of power and attorney saying she would do, she would be legally
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ineligible to be the attorney general of New York.
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And I checked the law immediately upon her declaring residency in another state, the seat
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And then, of course, if she signed a document saying she would move and she didn't, well,
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Now, her lawyer, after the Justice Department referral, in other words, the FHFA, the Federal
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Housing Finance Administration, referred this case to the Justice Department.
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Her lawyer wrote a letter of response saying that there was another document that was filed
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after the power of attorney that was on August 17th.
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So you have an email that says that she's not going to occupy it.
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She has an email saying she's not going to occupy it on August 2nd, August 3rd.
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She has, on August 17th, the power of attorney that contradicts the email.
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And then he has this third document that he refers to that also says that she's not going
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to occupy the property after she said she was going to occupy the property.
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However, when he did the letter to the DOJ, that third document, which was subsequent to
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the power of attorney, he points to the email that was dated before the power of attorney.
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In other words, the claim that there was another subsequent document, that document never existed.
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In fact, she doesn't even refer to it when she did that power breakfast yesterday in her speech.
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But in any case, even if she signed the third document subsequent to the power of attorney
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that contradicts the power of attorney, it wouldn't matter because the mortgage is underwritten
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It is interesting to me that she claimed to have this document, which no one has ever seen.
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And the New York Times just wrote it as a fact, even though I doubt they've ever seen it
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Now, there's another issue, although I should point out the FBI Director, Cash Patel, has
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now confirmed his agents are actively investigating this mortgage fraud case and reporting directly
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There's also a credible report that a federal grand jury has been convened in Virginia to
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examine Letitia James' actions in this particular matter.
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That is her qualification earlier for a so-called HAMP loan, which is a loan of which you get
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But as I understand it, it's an investment property that has to be four units and under
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But didn't you and documentary filmmaker, investigative reporter Joel Gilbert visit that property
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so you could examine with your own eyes whether it was four units or five?
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Joel was the one that uncovered the HAMP fraud.
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And we saw that there was five doorbells, one for each apartment.
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Also, when I got the Con Ed records, there was one electric meter for each of the five apartments
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And, of course, the Certificate of Occupancy, which is the ruling document, says it's five units.
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Now, right after that, right after that, somebody has filed a complaint with the Department of
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Building saying that the building is not in conformance with the Certificate of Occupancy.
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In other words, there's four units that she claims instead of five units that the Certificate of Occupancy says.
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Well, the building's department went there and inspected it and said there's five units.
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In other words, they don't know that she's misrepresenting it as four units.
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Once again, she's able to qualify for this mortgage rate based on a false statement.
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If you're just tuning in, we're talking to Sam Antar.
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You can check out his reporting at whitecollarfraud.com.
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This is a perfect example of no person being above the law.
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That includes New York Attorney General Tish James.
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When we come back, we're going to talk about the fact that Tish and the New York Democrats
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think that you, the taxpayer, should pick up the tab for her legal defense,
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even though these actions have nothing to do with her official duties.
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We'll be right back with Sam Antar right here in the Stone Zone.
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When the New York State Legislature amended a state law to extend the statute of limitations
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so a woman named E. Jean Carroll could accuse President Donald Trump of a sexual assault,
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little did they know that there would be subsequent sexual harassment and assault cases
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filed against Mayor Eric Adams, Governor Andrew Cuomo, and Senator Kevin Parker.
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Parker now says the law, which he co-sponsored, the amendment, is unconstitutional.
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Letitia James is trying to use this crucible to raise money.
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She's going to need the money for her legal defense because it appears that New York State
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Republicans have blocked legislation in which Governor Kathy Hochul and the New York Democrats
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wanted the New York taxpayers to pay for Letitia James' legal defense,
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even though these actions, as outlined by Sam Antar here today in the Stone Zone,
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It has to do with her own personal conduct and a, I would say at this point, a 22-year span
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of 10 different mortgage applications, every single one of which has some material problem.
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And then, Sam, there's the question of her public filings.
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As an elected official, she has required public filings about her own finances,
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but sometimes she shows rent from these properties on her disclosures.
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Take, for instance, every year she has to file an ethics form with the New York State Board of Elections.
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And that form has a financial statement that's attached to it.
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So how many assets she has, how many liabilities she has, certain things she doesn't have to disclose,
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One is the one that she intended to make a primary residence that she didn't.
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That's the subject of a major fraud investigation by the DOJ.
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That property is nowhere to be found on our financial statements, and it's supposed to be there.
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The mortgage is nowhere to be found on our financial statements, and it's supposed to be there, too.
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There's another Virginia property where the property is listed on our financial statements,
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but the mortgage that she took out when she bought the property is not listed on our financial statements.
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But there are two mortgages that are not in the property records that are listed on our financial statements.
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So in that property, she lists two mortgages that don't appear in the property records,
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and one mortgage that does appear in the property records is not on the financial disclosure.
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And then you have the Brooklyn property also that she has, where there's one property that she lists on our financial disclosures.
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It's nowhere to be found on any property databases.
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She, of course, claims that this is all about retaliation.
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In all honesty, there's a great editorial in the New York Post as to what the delay is
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in Trump's appeal of the unprecedented prosecution of Donald Trump by Letitia James.
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Remember, she claimed that he inflated the value of his assets in order to get commercial real estate development loans,
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all of which were paid back on time and in full.
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In fact, those making the loans made $40 million in interest.
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Every one of them said that they would be willing to do business with him again.
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They, of course, were not permitted to testify at that rigged trial.
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I don't know a single lawyer who doesn't believe that that, I think it is a $580 million, I think, judgment can be reversed.
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There is a politically motivated prosecution, but it isn't by Donald Trump.
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I think that decision gets reversed, and I think it gets reversed soon, although I'm beginning to wonder what's taking so long.
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Also, one has to give credit to Bill Pulte, who is the chairman of the Federal Home Finance Agency.
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His investigators went out to confirm everything that Joel Gilbert has publicly reported.
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And by the way, if you go to whitecollarfraud.com, you can see that he links to all of the actual documents.
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But upon finishing the investigation by FHFA, he sent a letter to the Department of Justice recommending criminal charges.
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And we now know that there is both an FBI investigation and a Virginia-based grand jury has been impaneled.
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Also, as I said earlier in the show, sources tell me that there is now a federal investigation into whether Letitia James,
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as well as the Biden Justice Department, looked the other way at a New York financial institution that was violating Iranian sanctions.
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We're not talking about hundreds of thousands of dollars here.
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We're talking about tens of millions of dollars.
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Once again, she's going to claim this is retaliation or this is revenge.
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No, this is a rebalancing of the scales of justice so that we have one justice system, not two,
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and that all public officials are treated equally.
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In the end, Letitia James, she can go with the fiery rhetoric.
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I'm not afraid of no Donald Trump, no President Donald Trump.
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This woman is university educated, talking like a ghetto rat.
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Again, you can go to the documents at whitecollarfraud.com and see that everything Sam Antar has discussed with us today is accurate.
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Joe, you also, pardon me, Sam, you also found that there was a lot of missing documentation regarding her state expense account,
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that she had used a charter service to fly on the taxpayer's dime,
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but there was no documentation about whether those flights were to go to political events.
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Six flights, $41,000, three to four of which we can identify that took place during political events.
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I sent out a FOIA, FOIA request, Freedom of Information Law request,
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to both the New York State Attorney General's office and the New York State Comptroller's office.
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I say, where's the contracts that are listed on the spreadsheet?
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Her office now needs an extra two months to accumulate the documents if they have the documents.
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Now, how can the Comptroller of the State of New York not have any documents?
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Flight manifests, you know, trip documents, nothing.
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It just mind boggles me to think that they don't have the documents.
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Now, what's going to happen is all these flights, they have to, the charter carrier has to keep records,
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and the feds are going to get it from the charter carrier when they continue their investigation.
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It's going to involve mail fraud with financial filings with New York State.
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It's going to also involve possible campaign funds, government theft, theft of funds that she took from the government to pay for campaign funds.
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It's also, I've heard, I've seen some articles about the sex abuse scandals that she covered up in her office.
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Because this lady is in for a long, long run in prison.
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All right, I'm going to thank our guest, Sam Antar.
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I urge you once again to check out his website, whitecollarfraud.com.