Ex-Baltimore Prosecutor, Marilyn Mosby, Convicted of Mortgage Fraud
- Marilyn Mosby, a former top prosecutor for the city of Baltimore, was found guilty on one count of mortgage fraud relating to false statements she made on loan applications to purchase two vacation homes in Florida. This verdict comes after a lengthy trial and she was acquitted on a second charge of mortgage fraud.
- Mosby had earlier been convicted on two counts of perjury in a separate trial and hasn’t been sentenced in either case. The federal criminal charges were based on allegations that Mosby claimed a pandemic-related hardship to make early withdrawals from her retirement account, which she then used as down payments on the Florida properties.
- During the mortgage fraud trial, it was argued that Mosby’s failure to disclose an outstanding federal tax debt and lying about receiving a $5,000 gift from her then-husband contributed to the mortgage fraud charges. Mosby defended herself stating that she had trusted real estate professionals and her husband during a stressful time and did not intentionally make any false statements.
Marilyn Mosby, Former Top Baltimore Prosecutor, Convicted on Mortgage Fraud Charge
Former Baltimore top prosecutor Marilyn Mosby was convicted Tuesday on a single count of mortgage fraud related to procuring two Florida vacation homes, concluding a drawn-out criminal trial. The jury verdict came after a full day of deliberations, acquitting Mosby of a second mortgage fraud charge, as cited by The Baltimore Sun.
Mosby was previously found guilty of two perjury counts in a different criminal trial in November. Sentencing in both cases is yet to be pronounced.
The federal charges arose following allegations that Mosby falsely claimed pandemic-related hardship to make premature withdrawals from her retirement account for the Florida homes’ down payments. Prosecutors asserted she lied repeatedly on the mortgage applications.
During her two-term tenure as Baltimore’s state’s attorney, Mosby gained national attention for her progressive policies and high-profile decisions, including charges against the police officers involved in Freddie Gray’s 2015 death. Despite the charges, none were convicted.
Following her indictment by a federal grand jury, Mosby lost re-election in 2022. Her mortgage fraud trial, commencing in mid-January, was moved from Baltimore to Greenbelt, Maryland due to potential juror bias from extensive media coverage.
Testimony from both Mosby and her former husband, Nick Mosby, the Baltimore City Council President, was included in the trial. Nick admitted to misleading her about their federal tax debt out of embarrassment. Mosby contended that she unintentionally made false statements and signed the loan applications in good faith.
Non-disclosure of the debt on her loan applications and a purported $5,000 gift from her ex-husband, traced back to her own account, contributed to the mortgage fraud charges. The alleged gift was instrumental in her conviction, as The Sun reported.
Once a political power couple in Baltimore, the Mosbys, parents to two daughters, divorced in November.
In the perjury case, another jury found Mosby guilty of lying about financial losses to withdraw money from her retirement account. Her defense initially blamed the prosecution on political or racial bias, although a judge later deemed these allegations invalid.
As state’s attorney, Mosby’s policies earned national acclaim, such as her decision to stop prosecuting certain low-level crimes, a practice later reversed by her successor.
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