Powell Strikes Again - Next Rate Shock Looms October 28-29

The Fed just cut rates by 0.25% - but this is no relief. It's the start of a dangerous cycle that could crush the dollar. With another Fed meeting looming Oct. 28-29, smart investors are already moving. See 3 urgent steps to protect yourself before it's too late.

US Attorney Erik Siebert Resigns After Refusing Trump Pressure To Pursue Criminal Case Against NY AG Letitia James: Report

Ananya Gairola
September 20, 2025

On Friday, U.S. Attorney Erik Siebert resigned after reportedly refusing pressure from the Donald Trump administration to pursue a criminal case against New York Attorney General Letitia James despite investigators finding no evidence of fraud.

Siebert Steps Down Under Pressure

Siebert, the U.S. attorney for the Eastern District of Virginia, announced his resignation in an internal email obtained by ABC News.

"For the last eight months, I have had the pleasure of leading the finest and most exceptional of DOJ employees," he wrote, thanking staff for their commitment to justice.

Sources told the publication that President Trump intended to fire Siebert after investigators failed to uncover incriminating evidence in a mortgage fraud probe targeting James. Instead, Siebert chose to step down.

See Also: Intel Growth Challenges Are Not Over Despite Altera Stake Sale: Analyst

Trump Pushes For Charges Against James

Investigators launched the probe in April after a referral alleging James falsified records tied to a 2023 Virginia home purchase. After interviewing 15 witnesses over five months, prosecutors found no clear evidence of wrongdoing, the report said.

Despite the findings, Trump insisted Friday that James looks very "guilty of something" and said he wanted Siebert "out" because Virginia's Democratic senators supported his nomination.

"When I learned that they voted for him, I said, I don't really want him," Trump told reporters.

Critics Call It An Attack On Rule Of Law

James's attorney, Abbe Lowell, blasted the move as political retribution. "Firing people until he finds someone who will bend the law to carry out his revenge has been the President's pattern -- and it's illegal," Lowell said.

The controversy comes as Trump faces mounting criticism for what opponents describe as a campaign of retaliation against political adversaries, with ongoing probes into Sen. Adam Schiff (D-Calif.) and Federal Reserve Governor Lisa Cook.

Cook is pushing back against Trump's attempt to oust her, after records revealed that one of her properties had been listed as a vacation home--undermining claims of mortgage misrepresentation.

James, A Frequent Trump Target

James has clashed with Trump repeatedly, including leading the civil fraud case in New York that concluded he and his family overstated property values to secure favorable loans.

Though a half-billion-dollar penalty was later overturned on appeal, the court upheld findings of fraud.

Siebert's departure leaves the powerful Eastern District of Virginia without a confirmed leader, as both he and his deputy plan to return to line prosecutor roles.

Read Next:

  • White House AI Czar David Sacks Warns Washington Must Let US Chipmakers Like Nvidia Sell Abroad Or Risk Forfeiting AI Race To Huawei And China

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image Via Shutterstock

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