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The U.S. Justice Department (DOJ) has reportedly opened a criminal investigation into Federal Reserve Governor Lisa Cook, issuing subpoenas as part of an inquiry into whether she submitted fraudulent information on mortgage applications related to properties in Ann Arbor, Mich., and Atlanta.

The U.S. Justice Department (DOJ) has reportedly opened a criminal investigation into Federal Reserve Governor Lisa Cook, issuing subpoenas as part of an inquiry into whether she submitted fraudulent information on mortgage applications related to properties in Ann Arbor, Mich., and Atlanta.

The investigation follows two criminal referrals from Bill Pulte, the Trump-appointed director of the Federal Housing Finance Agency. He accused Cook of misleading banks on multiple mortgage applications to receive favorable lending terms, by listing two homes as her primary residence in 2021.

The investigation follows two criminal referrals from Bill Pulte, the Trump-appointed director of the Federal Housing Finance Agency. He accused Cook of misleading banks on multiple mortgage applications to receive favorable lending terms, by listing two homes as her primary residence in 2021.

Pulte's criminal referrals have been used by President Donald Trump <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.improvethenews.org/story/2025/trump-fires-fed-governor-cook-over-mortgage-fraud-claims">since last month in his attempt to fire Cook</a>. The Federal Reserve Act grants the president the power to fire a Fed governor "for cause."

Pulte's criminal referrals have been used by President Donald Trump since last month in his attempt to fire Cook. The Federal Reserve Act grants the president the power to fire a Fed governor "for cause."

Cook filed a lawsuit last month alleging Trump's move to fire her was unlawful, arguing the president "concocted" a basis for her firing to vacate a seat on the board that he can fill to "forward his agenda to undermine the independence of the Federal Reserve."

Cook filed a lawsuit last month alleging Trump's move to fire her was unlawful, arguing the president "concocted" a basis for her firing to vacate a seat on the board that he can fill to "forward his agenda to undermine the independence of the Federal Reserve."

Ed Martin, a top DOJ official designated by Attorney General Pam Bondi to investigate mortgage fraud among public officials, is coordinating the inquiry with U.S. attorneys' offices in Georgia and Michigan.

Ed Martin, a top DOJ official designated by Attorney General Pam Bondi to investigate mortgage fraud among public officials, is coordinating the inquiry with U.S. attorneys' offices in Georgia and Michigan.

The DOJ is also looking into alleged mortgage fraud by Democratic U.S. Rep. Adam Schiff of California and New York Attorney General Letitia James, who oversaw Trump's business fraud trial last year.

The DOJ is also looking into alleged mortgage fraud by Democratic U.S. Rep. Adam Schiff of California and New York Attorney General Letitia James, who oversaw Trump's business fraud trial last year.

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Abbe Lowell, an attorney representing Cook, in a statement called this a "politicized investigation." The DOJ is also looking into alleged mortgage fraud by Democratic U.S. Rep. Adam Schiff of California and New York Attorney General Letitia James, who oversaw Trump's business fraud trial last year."

Abbe Lowell, an attorney representing Cook, in a statement called this a "politicized investigation." The DOJ is also looking into alleged mortgage fraud by Democratic U.S. Rep. Adam Schiff of California and New York Attorney General Letitia James, who oversaw Trump's business fraud trial last year."

This investigation is nothing but another one of Trump's attempts to bully federal officials into relinquishing their positions so he can mold agencies in the image of his worldview. He's made over the Fed's independence and is attacking Cook over it. If the DOJ wants to find more so-called mortgage fraud, it should look in Trump's cabinet, where at least three members have done the same thing as Cook.

This investigation is nothing but another one of Trump's attempts to bully federal officials into relinquishing their positions so he can mold agencies in the image of his worldview. He's made over the Fed's independence and is attacking Cook over it. If the DOJ wants to find more so-called mortgage fraud, it should look in Trump's cabinet, where at least three members have done the same thing as Cook.

It's time for government officials to play by the same rules as average American citizens. Cook, who received preferential treatment on interest rates because of her lies, must be held accountable both by facing a DOJ investigation and losing her position on the Fed. The Biden administration may have looked past her lies, but the Trump administration can't let her off the hook.

It's time for government officials to play by the same rules as average American citizens. Cook, who received preferential treatment on interest rates because of her lies, must be held accountable both by facing a DOJ investigation and losing her position on the Fed. The Biden administration may have looked past her lies, but the Trump administration can't let her off the hook.

There's a 78% chance that U.S. federal interest rates at the end of 2025 will be lower than at the end of 2024, according to the Metaculus prediction community.

There's a 78% chance that U.S. federal interest rates at the end of 2025 will be lower than at the end of 2024, according to the Metaculus prediction community.

Al Drago/Bloomberg/Getty Images

Al Drago/Bloomberg/Getty Images

DOJ Opens Criminal Investigation Into Fed Governor Cook

Crime

Economic conditions & trends

Fraud and swindling

United States of America

This investigation is yet another attempt by Trump to strong-arm federal officials into stepping down, allowing him to reshape government agencies according to his personal agenda. If the DOJ is truly interested in uncovering so-called mortgage fraud, it should look in Trump's own cabinet, where at least three members have done the same thing that Cook stands accused of.

This investigation is yet another attempt by Trump to strong-arm federal officials into stepping down, allowing him to reshape government agencies according to his personal agenda. If the DOJ is truly interested in uncovering so-called mortgage fraud, it should look in Trump's own cabinet, where at least three members have done the same thing that Cook stands accused of.

It's time for government officials to play by the same rules as average American citizens. Cook, who received preferential treatment on interest rates because of her lies, must be held accountable both by facing a DOJ investigation and losing her position at the Fed. The Biden administration may have looked past her lies, but the Trump administration can't let her off the hook.

It's time for government officials to play by the same rules as average American citizens. Cook, who received preferential treatment on interest rates because of her lies, must be held accountable both by facing a DOJ investigation and losing her position at the Fed. The Biden administration may have looked past her lies, but the Trump administration can't let her off the hook.

DOJ Opens Criminal Investigation Into Fed Governor Cook

DOJ Opens Criminal Investigation Into Fed Governor Cook

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DOJ Opens Criminal Investigation Into Fed Governor Cook

DOJ Opens Criminal Investigation Into Fed Governor Cook

The Spin

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