• Lisa Cook's attorneys label mortgage fraud allegations as "baseless."
• The defense contends discrepancies in loan applications do not indicate fraud.
• The U.S. Supreme Court has blocked President Trump's attempt to fire Cook.

Attorneys for Federal Reserve Governor Lisa Cook have strongly denied allegations of mortgage fraud, describing them as "baseless." In a recent communication to the Department of Justice, her legal team challenged the referral for investigation initiated by Federal Housing Finance Agency (FHFA) Director William Pulte, which they assert lacks merit and should be dismissed, according to ABC News.

In detailing Cook's defense, her lawyer Abbe Lowell argued that any discrepancies in loan documents were either accurate or due to "inadvertent notations" that cannot be classified as fraud, considering the full context and disclosures provided to her lenders. This statement follows a summer-long period of silence regarding the accusations, with Cook's legal team now preparing for an upcoming Supreme Court hearing concerning her challenged removal from the Federal Reserve, according to Reuters and Al Jazeera.

Lowell's defense further criticized Pulte for what he suggests is a politically motivated approach, claiming that he selectively targets those associated with Trump's administration while neglecting similar allegations against Republicans. This claim was backed with references to recent internal actions within the FHFA, indicating a troubling pattern of behavior that may compromise the integrity of Pulte's accusations, according to Reuters and Al Jazeera.

As the investigation continues, no formal charges have yet been filed against Cook. The legal proceedings encompass scrutiny not only of her case but also of other public figures, including California Senator Adam Schiff, who is under separate investigation initiated at Pulte's request, reinforcing the politically charged atmosphere surrounding these legal battles. The Department of Justice has refrained from commenting on the ongoing investigation, citing its protocols, according to ABC News, Reuters, and Al Jazeera.