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New York Attorney General Letitia James was arraigned at a federal court in Norfolk, Virginia, Friday, where she pleaded not guilty to two felony charges of bank fraud and making false statements to a financial institution.

The charges against James stem from her 2020 purchase of a home in Norfolk, Virginia. Prosecutors allege that James misled a bank about the nature of the residence in order to obtain more favorable loan conditions.

The indictment states that James benefited from the so-called “ill-gotten gains” as a result of her actions on the $109,600 mortgage, and would save nearly $19,000 over the course of the 30-year loan.

LETITIA JAMES TO BE ARRAIGNED IN VIRGINIA ON FEDERAL BANK FRAUD CHARGES TIED TO 2020 HOME PURCHASE

James’ arrai

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