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Timeline of 'scam artist' Adam Schiff's mortgage fraud allegations stretching back years
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Longtime President Donald Trump political foe Democrat California Sen. Adam Schiff was referred to the Department of Justice to face criminal prosecution over alleged mortgage fraud that reportedly stretches back years.
Schiff, who was elected to the Senate in the 2024 election cycle following decades as a House lawmaker, is under scrutiny after the U.S. Federal Housing Finance Agency (FHFA) sent a letter to the Department of Justice in May sounding the alarm that in “multiple instances,” Schiff allegedly “falsified bank documents and property records to acquire more favorable loan terms, impacting payments from 2003-2019 for a Potomac, Maryland-based property.”
FHFA is an independent federal agency that oversees Fannie Mae, Freddie Mac and the Federal Home Loan Bank System.
This week, Trump publicly lambasted Schiff over the alleged mortgage fraud, while Fannie Mae’s financial crimes investigations concluded Monday in a letter to the FHFA that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five Fannie Mae loans, Fox News Digital previously reported this week.
WATCH: ADAM SCHIFF SILENT AFTER TRUMP ACCUSED HIM OF MORTGAGE FRAUD
President Donald Trump highlighted 2024 allegations of mortgage fraud against Sen. Adam Schiff, claims that Schiff has denied. (Getty Images)
“I have always suspected Shifty Adam Schiff was a scam artist,” Trump posted to Truth Social Tuesday. “And now I learn that Fannie Mae’s Financial Crimes Division have concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.”
“Adam Schiff said that his primary residence was in MARYLAND to get a cheaper mortgage and rip off America, when he must LIVE in CALIFORNIA because he was a Congressman from CALIFORNIA. I always knew Adam Schiff was a Crook. The FRAUD began with the refinance of his Maryland property on February 6, 2009, and continued through multiple transactions until the Maryland property was correctly designated as a second home on October 13, 2020.”
Potomac, Maryland, is a suburb of Washington, D.C., located just more than 10 miles away from the nation’s capital across the Maryland border.
FEDERAL HOUSING OFFICIAL SUBMITTED SCHIFF CRIMINAL REFERRAL TO DOJ OVER MORTGAGE DOCUMENTS
Trump and Schiff have long been political foes, which was underscored during Trump’s first administration when Schiff served as the lead House manager during the first impeachment trial against Trump in 2020 and when Schiff repeatedly promoted claims that Trump’s 2016 campaign colluded with Russia
Adam Schiff served as the lead House manager during the first impeachment trial against Trump in 2020. (Drew Angerer/Getty Images)
Fox News Digital took a look back at the timeline of Schiff’s Maryland home, and when the public was first made aware in 2023 of allegations that Schiff claimed a more than 3,000-square-foot home in the suburbs of Washington as his primary residence, while taking a homeowner’s tax exemption on a small condo in his home state of California.
TRUMP ACCUSES ‘SCAM ARTIST’ SCHIFF OF LYING ABOUT MARYLAND HOME TO COMMIT MORTGAGE FRAUD
Timeline:
- 2003: Then-Congressman Schiff and his wife purchase a home in Potomac, Maryland, for $870,000, and sign a Fannie Mae-backed mortgage agreement for $610,000 at a rate of 5.625% over a term of 30 years. The mortgage asserts the property was their primary and principal residence, according to the FHFA letter to the Department of Justice (DOJ).
- 2009: Schiff purchases Burbank, California, condominium, CNN later reported in 2023. Schiff was serving as a U.S. House lawmaker at the time, representing the state’s 29th District in Southern California outside of Los Angeles.
- 2009; 2011; 2012; 2013: Schiff reaffirms the Potomac, Maryland, home as their principal residence in mortgage refinancing those years, according to the FHFA letter to the DOJ.
- 2017: Schiff reportedly pays his California property taxes with a check showing his Maryland address, CNN reported in 2023.
- 2020: Schiff refinances his mortgage and lists his Maryland home as his secondary residence.
- June 2022: Schiff posts a photo of himself in front of his Maryland home wearing an “I voted” sticker on the day of Los Angeles’ Democratic primary for the mayoral race. He captioned the photo on X: “California! Los Angeles! Voters are voting!” Schiff’s spokesperson explained to CNN in 2023 that he voted by mail that year and was in Washington for votes.
- January 2023: Schiff announces Senate run after then-California Democratic Sen. Dianne Feinstein announced she would not run for re-election.
- November 2023: CNN publishes first news article detailing that Schiff had claimed the Maryland home as a primary residence while also taking a homeowner’s tax exemption on the Burbank, California, condo. The outlet reported that real estate legal experts found Schiff was “likely not in any legal jeopardy” over the matter, but that the issue could hamper his election efforts with California voters.
- November 2023: Schiff’s Senate campaign responds to the mortgage claims, saying, “Adam’s primary residence is Burbank, California, and will remain so when he wins the Senate seat. As Adam has discussed openly many times over the years, including in his recent New York Times best-selling book, he and (his wife) made the difficult decision to move their family to the D.C. area to spend more time with his children while doing his job.” The campaign added that Schiff’s two properties were listed as primary residences “for loan purposes because they are both occupied throughout the year and to distinguish them from a vacation property.”
- 2024: Schiff wins Senate election and Trump wins presidential election.
- May 2025: FHFA Director William Pulte sends the criminal referral over Schiff’s mortgages and residence to Attorney General Pam Bondi and Deputy Attorney General Todd Blanche.
- July 14, 2025: Pulte receives a memo from the Fannie Mae financial crimes investigations concluding that Schiff allegedly engaged in “a sustained pattern of possible occupancy misrepresentation” on five Fannie Mae loans, Fox News Digital learned.
- July 15, 2025: Trump blasts Schiff on Truth Social over the mortgage claims, calling the senator a “scam artist.”
- July 15, 2025: Schiff responds to Trump’s message on X, saying, “This is just Donald Trump’s latest attempt at political retaliation against his perceived enemies. So it is not a surprise, only how weak this false allegation turns out to be. And much as Trump may hope, this smear will not distract from his Epstein files problem.”
President Donald Trump speaks during a lunch with African leaders in the State Dining Room of the White House, July 9, 2025. (AP Photo/Evan Vucci)
LETITIA JAMES REAPS WHAT SHE SOWS AFTER LEVELING ‘LAUGHABLE’ CASE AT TRUMP: EXPERT
The investigation into Schiff’s mortgages and homes follows a similar mortgage investigation earlier in 2025 focused on New York Attorney General Letitia James, who is also a longtime political Trump foe. The FHFA sent a criminal referral to the Department of Justice in April arguing the attorney general appeared to have falsified mortgage records to obtain more favorable loans.
At the heart of that case is a Norfolk, Virginia, home James purchased in 2023, which she identified on mortgage documents and a Fannie Mae/Freddie Mac form as a property that would serve as her primary residence, according to the FHFA letter from April. James is legally required to live in New York as a statewide elected official in the Empire State.
Fox News Digital reached out to Schiff’s office for additional comment on the matter, but did not immediately receive a reply.
Fox News Digital’s Danielle Wallace and Michael Dorgan contributed to this report.
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Sick of the TSA lines? Tired of playing musical chairs at the gate? Rather sit as far from your fellow airplane passengers for as long as possible, in the comfort of your own private, luxury airport terminal?
Soon you may get your wish. And San Francisco international airport wants to be your genie – for a fee.
The airport is hoping to build a brand-new terminal exclusively for passengers who pay a premium, gaining access to a luxurious airport experience complete with private security lines and valet service from terminal to tarmac. It will service commercial flights, not business or corporate jets, and the terminal will have its own Transportation Security Administration (TSA) lines as well as Customs and Border Protection (CBP) lines for international travel.
SFO is seeking bidders to take on the development, construction and operation of the private terminal, which is planned for a 75,000-sq-ft site located across the runway from all current public terminals. The airport will accept proposals between late September and early October, and is looking to award a contract by early December with hopes of opening the terminal in late 2028.
SFO’s interest in a luxury development comes from what airport spokesperson Doug Yakel called a “high level of demand” for “premium experiences” in travel, citing the popularity of existing credit card and premium lounges. A private terminal is essentially the next step up in exclusivity from those lounges – and the best chance at avoiding airport crowds entirely.
“Somebody that uses this product really wouldn’t see the other passengers they’re traveling with until they’re taken up the stairs of the jet bridge and onto the aircraft,” Yakel said.
Spending on “pay-to-play” luxury experiences at large is on the rise, according to a new report by Bain & Company and Altagamma. The airline industry has bought in, revamping lounge and onboard experiences with chef-designed menus and expanded premium seating for the highest-paying passengers.
Many see a market in San Francisco, where an AI-driven wealth boom is already agitating the local housing market, with homes sold at the fastest pace in five years and the single-family median home price clocking in at $2.2m.
Yakel said SFO felt now was the right time to enter the market of luxury travel.
“We see the level of interest that’s being invested onboard aircraft, inside terminals, around airports, and clearly this is something that other airports are rolling out,” Yakel said.
The price to pay for a private airport experience will be decided by whoever wins the bid for operations, and will be offered on a membership or per-use basis. The traffic experienced at public terminals likely won’t change, Yakel said.
Private terminals have become popular worldwide. London Heathrow and Paris-Charles de Gaulle airports in Europe have long operated luxury terminals, and São Paulo/Guarulhos international airport recently opened the first private terminal in Latin America.
If SFO is successful, it would become the next major American airport to open a luxury terminal. Los Angeles, Dallas Fort Worth, Miami and Hartsfield-Jackson Atlanta international airports all offer a private terminal through PS (formerly known as the Private Suite), a company owned by security firm Gavin de Becker and Associates. Multiple representatives from PS and Gavin de Becker and Associates attended a June conference hosted by SFO about the private terminal, and PS has said it hopes to open a private terminal at every major US airport by 2030.
Access to existing PS private terminals can cost passengers $1,295 for a one-time experience, or up to $4,850 for a yearly membership. Heathrow’s private terminal costs thousands of pounds per person.
If you use Santa Fe Drive as a part of your daily commute, you will notice full closures this weekend on a popular section, from Florida Avenue to Evans Avenue, for the installation of a pedestrian bridge.
Once the 370-foot pedestrian bridge is completed, it will connect the east and west portions of Denver’s Overland neighborhood. This bridge will be used by pedestrians and bicyclists.
The Denver Department of Transportation and Infrastructure says this closure is needed to keep the traveling public safe. Large cranes will be used to set the two spans in place. Each one weighs about 215,000 pounds and is 180 feet long.
Once the bridge is completed in 2027, it will create a safer connection for pedestrians and bicyclists. It will link neighborhoods to trails, transit, parks, and local businesses without requiring residents to cross heavy traffic.
“Our neighborhood is quartered by transportation routes, so having a safe pedestrian bridge that can take people from one side to the other is an amazing development that neighbors have been asking for for years,” Jenn Greiving, President, Overland Park Neighborhood Association, said.
The Santa Fe Drive closure will begin at midnight on Saturday, July 11, and end on Monday, July 13, at 5 a.m. There will be detours in place. This includes:
- Southbound Santa Fe Drive Detour: Traffic will be routed to Platte River Drive to reenter southbound Santa Fe Drive at the West Evans Avenue on-ramp.
- Northbound Santa Fe Drive Detour: Access to northbound Santa Fe Drive will be at Mississippi Avenue via South Broadway Street.
- On-Ramp Closure: The West Evans Avenue on-ramp to northbound Santa Fe Drive will close at noon on Friday, July 10, to prepare for the full weekend closure and will remain closed until 5 a.m. on Monday, July 13. Traffic will be detoured to South Broadway Street to re-enter northbound Santa Fe Drive via Mississippi Avenue.
- Off-Ramp Closure: The southbound Santa Fe Drive off-ramp to West Evans Avenue will close for the full weekend period and remain closed until Friday, Sept. 11, while crews build new sidewalks and perform other concrete work at the southwest corner of the project. Detours will be posted to West Florida Avenue, West Dartmouth Avenue or West Hampden Avenue to bypass the ramp closure
During this closure, DOTI will reopen the underpass on Iowa Avenue. This is a new ADA accessible pathway that will be available between Santa Fe Drive and Acoma Street.
SEATTLE — A man accused of stealing copper wire from the West Seattle Bridge is wanted after prosecutors say he failed to show up in court this week, prompting a warrant for his arrest.
New police body camera video shows an officer arresting the man, who had bundles of copper wire in his arms.
Seattle police arrested Gregory Wayne Galitzeck after prosecutors say he was caught stealing copper wire from the bridge in the middle of the night.
Court documents say Galitzeck had four 100-foot coils of stolen copper wire, causing about $100,000 in damage that Seattle City Light customers will have to pay to repair.
Prosecutors say that when he was caught, Galitzeck claimed to be a Seattle City Light employee.
People in West Seattle called the alleged theft shocking, but not surprising.
“I feel like we live in an alternate timeline now anyway, so nothings really surprising to me,” said Lisa Coronado, who lives in West Seattle.
The case comes amid a string of similar crimes. This was the second copper wire theft along the West Seattle Bridge in just weeks. Similar thefts have also hit agencies such as Sound Transit, with thieves selling copper wire for cash.
Galitzeck is charged with theft and impersonating a City Light worker. He was supposed to come to court this week to answer the charges but did not appear. A $5,000 warrant has been issued for his arrest.
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King County prosecutors are again pushing for a new law that would require recyclers to upload photos of purchased copper to a database, a step intended to help investigators track stolen metal.
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