Federal grand jury INDICTS Letitia James for FRAUD

New York Attorney General Letitia James has been indicted on a fraud charge by a federal grand jury in Alexandria, Virginia, according to two sources who spoke to CNN.

President Donald Trump has been in a feud with James since she sued him and the Trump Organization for allegedly overvaluing properties in order to secure favorable loans and other financial benefits.

A report about the grand jury indictment indicated that Halligan herself presented the case against James.

After regaining office, Trump pounced on allegations from Bill Pulte, the Federal Housing Finance Agency director, that James had improperly declared a Virginia home her primary residence in order to secure financial advantages.

On Monday a report from MSNBC indicated that prosecutor Elizabeth Yusi had told acquaintances that she believed there was not enough evidence to prosecute James. The sources of the report also believed that Yusi might be fired after presenting her recommendation to interim U.S. Attorney Lindsey Halligan.

A report about the grand jury indictment indicated that Halligan herself presented the case against James. The AP reported that James has been indicted on one count of fraud.

RELATED: Trump calls on 'wacky crook' Letitia James to resign after troubling fraud allegation surfaces

Trump has excoriated James on social media and at one point referred to her as a "wacky crook."

Critics have accused the president of abusing the powers of government to persecute his political enemies. A judge in the fraud case against Trump ordered him to pay $355 million in penalties, but an appeals court later dismissed the fine, ruling in August that it was "excessive" and unconstitutional.

"This is a political witch hunt and I think she should be ashamed of herself," Trump testified during the case. "You believe this political hack back there and that’s unfortunate."

This is a developing story.

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