A federal grand jury in the Eastern District of Virginia has handed down an indictment against New York Attorney General Letitia James, bringing one charge of bank fraud, according to sources familiar with the matter.

The investigation into James follows allegations that she misrepresented a Virginia residence as her “principal residence” in 2023 in order to secure favorable mortgage terms while serving as New York’s top law enforcement official.

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The investigation was prompted, in part, by a referral from Federal Housing Finance Agency Director Bill Pulte, who alleged James “falsified records” to obtain preferential financing.

The Justice Department did not provide additional information, and no court records regarding the case were immediately available online.

This is a developing story and will be updated.