Hold onto your hats, folks -- New York Attorney General Letitia James just got slapped with a federal indictment in Virginia for alleged mortgage fraud, a charge that’s raising eyebrows and questions about political vendettas, as the New York Post reports, and she has turned to Hunter Biden's former lawyer for help.

This bombshell case accuses James of fudging loan documents for a Virginia home purchase, marking her as the second prominent Trump adversary to face federal charges in mere weeks.

The story starts back in August 2020, when James reportedly purchased a modest three-bedroom home in Norfolk, Virginia, for about $137,000, securing a $109,600 loan with strict no-rent conditions.

Allegations of fraud emerge

Prosecutors claim James played fast and loose with the truth, listing the property as a secondary residence on loan forms while declaring it a rental investment on tax documents, allegedly pocketing thousands in the process.

If the charges of bank fraud and making false statements to a financial institution stick, she’s staring down a potential 60-year prison sentence and a staggering $2 million fine.

Now, that’s a hefty price for a paperwork mix-up -- if that’s all it is -- but it’s hard not to notice the timing of this legal broadside against a known Trump critic.

High-profile defense attorneys enters fray

Enter Abbe Lowell, the heavyweight D.C. attorney who has defended everyone from Hunter Biden to disgraced Sen. Bob Menendez, stepping in to shield James since April when the Trump administration began sniffing around her real estate dealings.

Lowell isn’t mincing words, stating, “We are deeply concerned that this case is driven by President Trump’s desire for revenge,” in a Thursday statement referencing James’ past civil fraud case against Trump.

Well, isn’t that a spicy accusation? If revenge is the game, one might wonder if the Eastern District of Virginia -- now led by Trump’s former personal lawyer Lindsey Halligan -- is the perfect playing field.

James and Comey: Targets of retribution?

James isn’t alone in crying foul; she’s the second Trump opponent indicted recently, following former FBI Director James Comey, who faces charges for allegedly lying to Congress about Trump campaign probes.

Both James and Comey are pointing fingers at the Department of Justice, claiming they’re being targeted for their past investigations into the president -- a narrative that’s tough to ignore given the pattern.

James herself didn’t hold back on Thursday, calling the indictment “nothing more than a continuation of the president’s desperate weaponization of our justice system.”

Experts weigh in

Yet, not everyone is buying the political persecution storyline; former prosecutor Neama Rahmani argues that the case against James looks tough to dodge, noting that her loan statements seem questionable at face value.

Still, even Rahmani questions whether this prosecution is a wise use of resources, hinting that while the facts may point to fraud, the motivation behind the case could be murkier than a swamp on a foggy night.

As James prepares for her first court appearance on Oct. 24, with Lowell at her side, the nation watches to see if this is a genuine pursuit of justice or just another chapter in a politically charged saga.