Powell Faces Department of Justice Investigation Over Fed Renovations Comments

Rep.Luna Refers Fed Chair Powell to DOJ for Perjury Over Building Renovations

Florida Republican Rep. Anna Paulina Luna has referred Federal Reserve Chair Jerome Powell to the Department of Justice (DOJ) for alleged perjury, citing discrepancies in his statements regarding the renovation of the Federal Reserve’s Eccles Building. Luna claims Powell misled Congress about the scope and nature of the $570 million project.

According to Luna, Powell’s initial assertions to Congress downplayed the extent of the renovations, characterizing them as mere simplifications. However, Luna asserts that the Federal Reserve’s own submissions to the National Capital Planning Commission (NCPC) and other documents reveal plans for a VIP private dining room, premium marble finishes, upgraded elevators, water features, and a rooftop terrace garden. These details, Luna argues, directly contradict Powell’s public statements.

“It is contradicted by the Federal Reserve’s final submission to the National Capital Planning Commission (NCPC) and by the assertions made in Director vought’s own original letter to Chairman Powell,” Luna wrote in a statement. “While Powell presented the changes as simplifications,the actual project plans suggest the opposite.”

Perjury is a serious offense, punishable by up to five years in prison and significant fines. Luna first announced her intention to refer Powell for perjury via X last week.

In response to the allegations, Mortgage Professional reported that Powell denied any wrongdoing and has initiated a formal inquiry into the renovation project’s expenses. the Federal Reserve has also updated its website to include a video tour of the renovation and details about its plans.

This situation highlights the ongoing scrutiny of the Federal Reserve’s operations and expenditures, notably during times of economic uncertainty. The clarity of public institutions and the accountability of their leaders are crucial for maintaining public trust. The specifics of the Eccles Building renovations, especially considering inflation and budget concerns, warrant thorough examination, regardless of the outcome of any perjury investigation. The Federal Reserve’s role in managing the nation’s economy means its internal processes and communications are naturally subjects of intense public interest.

What specific actions by sidney Powell are under investigation by the DOJ, and how might those actions meet the legal definition of obstruction of justice?

The DOJ Scrutiny: What Triggered the Investigation?

Former National Security Advisor Michael flynn’s attorney, sidney Powell, is now facing a Department of Justice (DOJ) investigation stemming from public comments she made regarding alleged irregularities in renovations conducted at the Federal reserve. The investigation centers on potential obstruction of justice and whether her statements constitute attempts to influence ongoing investigations or intimidate individuals involved in the Fed’s operations. This growth marks a significant escalation in scrutiny surrounding Powell’s post-election activities and her promotion of unsubstantiated claims of widespread voter fraud.

The core of the issue revolves around Powell’s assertions, made in numerous media appearances and social media posts, alleging that substantial and unauthorized renovations occurred at the Federal Reserve, perhaps linked to illicit financial activities. These claims, lacking concrete evidence, prompted the DOJ to examine whether her public statements were intended to interfere with legitimate inquiries into the Fed’s operations and potentially obstruct justice.

Key Allegations and Powell’s Defence

Powell has consistently maintained that her statements were based on facts provided to her by sources she deems credible. She argues that her comments were protected by the First Amendment right to free speech and were intended to raise legitimate concerns about potential government misconduct.

here’s a breakdown of the key allegations and Powell’s responses:

Allegation: Unauthorized Renovations – Powell claims extensive, undocumented renovations took place at the Federal Reserve, suggesting a cover-up.

Powell’s Response: she asserts she has sources within the Fed who provided her with this information, but has been reluctant to reveal their identities, citing concerns for their safety.

Allegation: Financial Irregularities – Powell links the renovations to potential illicit financial activities and a lack of transparency within the Federal reserve system.

Powell’s Response: She argues the renovations are a symptom of a larger problem of financial mismanagement and a lack of accountability at the fed.

Allegation: Intimidation & Obstruction – The DOJ investigation focuses on whether her public statements were intended to intimidate individuals involved in the renovations or obstruct potential investigations.

Powell’s Response: Powell denies any intent to intimidate or obstruct, claiming she was simply exercising her right to speak out about matters of public concern.

The Legal Ramifications: Potential Charges and penalties

The DOJ investigation could lead to a range of potential charges, depending on the evidence gathered.These include:

1. Obstruction of Justice: If the DOJ determines Powell intentionally interfered with an ongoing investigation, she could face charges related to obstruction of justice. Penalties can include significant fines and imprisonment.
2. Making False Statements: If Powell knowingly made false statements to the public or to investigators, she could be charged with making false statements, a federal crime.
3. Witness Tampering: If her statements were deemed to be an attempt to influence or intimidate potential witnesses,she could face witness tampering charges.
4. Defamation: While a criminal charge is less likely,individuals potentially defamed by Powell’s statements could pursue civil lawsuits.

The standard of proof for criminal charges is “beyond a reasonable doubt,” a high bar for the DOJ to clear. However, the investigation itself carries significant legal and reputational risks for Powell.

Federal Reserve Response and Internal Reviews

The Federal Reserve has acknowledged the allegations made by Powell but has consistently denied any wrongdoing. The Fed has stated that all renovations are conducted in accordance with established procedures and are subject to rigorous oversight.

Internal audit: The Federal Reserve Board initiated an internal audit of the renovations in question to address the concerns raised by Powell and the public. the initial findings of the audit have reportedly found no evidence of unauthorized activity.

Cooperation with DOJ: The Federal Reserve has pledged full cooperation with the Department of Justice investigation, providing access to relevant documents and personnel.

* Transparency Concerns: Despite the Fed’s assurances, critics continue to call for greater transparency in the fed’s operations and renovation processes.

The Broader Context: Post-Election Litigation and Disinformation

This investigation into Sidney Powell is part of a larger pattern of legal challenges and scrutiny surrounding the 2020 presidential election and the subsequent spread of disinformation.Powell was a