A federal grand jury in Virginia has indicted New York Attorney General Letitia James on charges of bank fraud and making false statements to a financial institution.

U.S. Attorney for the Eastern District of Virginia Lindsey Halligan said James faces up to 30 years in prison per count, up to a $1 million fine on each count and forfeiture if she's convicted.

"No one is above the law. The charges as alleged in this case represent intentional, criminal acts and tremendous breaches of the public’s trust," Halligan said. "The facts and the law in this case are clear, and we will continue following them to ensure that justice is served."In a statement, James said the charges were part of President Donald Trump's effort to impose "political retribution at any cost."

"His decision to fire a United States Attorney who refused to bring charges against me — and replace them with someone who is blindly loyal not to the law, but to the president — is antithetical to the bedrock principles of our country," James said. "This is the time for leaders on both sides of the aisle to speak out against this blatant perversion of our system of justice. ... Read More: FOX News