Justice Department Probing Lisa Cook for Mortgage Fraud

The US Justice Department has initiated a criminal investigation into Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. The investigation comes as part of President Donald Trump's efforts to remove Cook from the central bank. The probe is looking into whether Cook engaged in any fraudulent activities related to mortgages. The details of the allegations and the specific timeframe of the purported misconduct are not yet clear. The investigation adds to the ongoing controversy surrounding Cook's nomination and tenure on the Federal Reserve Board. The White House and President Trump have been critical of Cook's appointment, claiming she is unqualified for the role. The outcome of the Justice Department's investigation could have significant implications for Cook's position on the Federal Reserve's governing body. However, it is essential to note that the allegations are still under investigation, and no formal charges have been filed against Cook at this time.