Sept. 13 (UPI) — Federal Reserve Gov. Lisa Cook described the Atlanta condominium she bought in 2021 as a second home, according to documents reviewed by The New York Times and The Washington Post.
A filing from May 2021 listed the property’s use as a “vacation home” and a December 2021 form she provided to the Biden administration called the condo a second home, the Washington Post reported.
She submitted the December document after President Joe Biden nominated her to join the Federal Reserve’s Board of Governors.
A similar review by The New York Times reaches the same conclusions but says the documents are not legal documents and do not resolve the allegations that she committed fraud by claiming the Atlanta property and another home in Ann Arbor, Mich.
Federal Housing Agency Director Bill Pulte initially raised concern that Cook might have committed fraud and said the newly released documents do not settle the matter.
“If Dr. Cook solicited estimates as a vacation home and then entered into a mortgage agreement as a primary residence, that is extremely concerning and, in my opinion, evidence of further intent to defraud,” Pulte told The New York Times.
Pulte has referred the issue to the Department of Justice, which is investigating the matter.
President Donald Trump said he was firing Cook, but she challenged her dismissal in a lawsuit and remains a Federal Reserve governor.
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