New York Attorney General Letitia James, who rose to power promising to imprison now-President Donald Trump, is facing criminal charges surrounding alleged mortgage fraud. Fox News broke the story on Tuesday evening during Laura Ingraham's show. 

INGRAHAM: The angle has obtained shocking allegations leveled by the Trump administration against New York Attorney General Leticia James. The Federal Housing Finance Agency has sent a criminal referral to the DOJ, accusing James of mortgage fraud. In a letter to Attorney General Pam Bondi, Director Bill Pulte says James appears to have falsified records in order to meet certain ledning requirements and receive favorable loan terms. He said at a property in Virginia, that she has allegedly claimed as her principal residence and a property in New York that she claimed as a four-unit structure instead of a five means, Pulte says she was able to get a different type and more favorable loan.

Legal analyst Jonathan Turley has already chimed in, and he suggested that this is all legitimate and serious. 

James has long been suspected of corruption, and her weaponization of the justice system against Trump is well known. That she is now the one facing federal charges is just a bit ironic. 

I will clarify that at this moment, this is a referral, and the charges have not yet been filed. With that said, there appears to be no reason the DOJ won't act on it. This was not sent over by Congress as a political matter. It was sent by the agency that deals with federal housing finance, and I do not think they would have made this move if the evidence wasn't there. 

This is a developing story, and RedState will update it as needed.