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Cornyn Introduces LETITIA Act to Increase Fraud Penalties for Public Officials

  • Senator John Cornyn is introducing the LETITIA Act, aiming to increase penalties for public officials committing fraud, including bank and mortgage fraud.
  • The LETITIA Act proposes mandatory minimum sentences for fraud, starting at one year for bank fraud and up to five years for repeated offenses.
  • This legislation responds to allegations against New York Attorney General Letitia James related to mortgage fraud.
  • Federal Housing Finance Agency Director William Pulte stated that James has allegedly falsified documents to gain loans and benefits improperly.
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theamericantribune.com broke the news in on Monday, August 4, 2025.
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