Baltimore’s Ex-Top Prosecutor Found Guilty Of Mortgage Fraud

Baltimore, MD: Following her one mortgage fraud conviction, former Baltimore state’s attorney Marilyn Mosby faces up to 30 years in federal prison. She avoided a second mortgage fraud conviction.

Finally convicted, Mosby is the third in recent months. Federal prosecutors say Mosby was state attorney when the incidents occurred. Mosby lied on loan applications for two Florida vacation houses, according to prosecutors.

Mosby lied on a $428,400 mortgage application for a Long Boat Key condo in February 2021. According to the U.S. Attorney’s Office, District of Maryland, Mosby fraudulently said on the application that her spouse had given her $5,000 to buy the home.

Prosecutors allege Mosby made the statement to “secure a lower interest rate” on the property. “According to trial evidence, Mosby did not receive a $5,000 gift from her husband, but rather transferred $5,000 to him, and he returned it to her,” the release added.

Another criminal trial in November found the beleaguered former chief prosecutor guilty of two perjury counts. Her earlier convictions involve withdrawing funds from Baltimore’s Deferred Compensation Plan while acting as top prosecutor in 2020, according to the U.S. attorney’s office.

The U.S. Attorney’s Office stated in a November 2023 release that Mosby submitted ‘457(b) Coronavirus-Related Distribution Requests’ for one-time withdrawals of $40,000 and $50,000 from City of Baltimore’s Deferred Compensation Plan on May 26 and December 29, 2020.

Case evidence showed Mosby “falsely certified that she met at least one of the qualifications for a distribution as defined under the CARES Act.” She stated the pandemic hurt her finances.

According to the publication, Mosby ‘affirm under penalty for perjury the representations and acknowledgments provided in this request’ by signing the forms. As established at trial, Mosby did not endure financial troubles and received her entire gross compensation of $247,955.58 from January 1, 2020, to December 29, 2020, in bi-weekly gross pay direct payments of $9,183.54.

Both convictions are awaiting sentencing. Mosby may serve five years in federal prison for each of the two perjury counts.

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