Mosby Lied to Mortgage Company
Despite being described as a real estate rookie who trusted her family and professionals, a federal jury found former Baltimore City State’s Attorney Marilyn Mosby not guilty of Kissimmee federal mortgage fraud but guilty of the Longboat Key charge Tuesday afternoon. The verdict was read to the court just after 5:30 p.m. after 6 hours of deliberations. The decision came after nine days of testimony and during the fourth week of the trial. Mosby was accused of making a string of false statements when she bought two vacation homes in Florida in 2020 and 2021. The mortgage fraud trial came after Mosby was convicted of two federal perjury charges in November after a jury determined the former top prosecutor in Baltimore City lied on forms to withdraw money from her city-retirement account citing a COVID-era financial hardship when she didn’t suffer financially. The money she withdrew from the retirement account was then used as down payments on the homes in question during the mortgage fraud trial.
Flowchart showing how she defrauded the mortgage company.
Convicted of 2 Counts of Perjury also
The jury announced a split verdict Tuesday evening after deliberating most of the day, finding Mosby not guilty on a second mortgage fraud charge, The Baltimore Sun reported.
She was previously convicted on two counts of perjury in a separate criminal trial that took place in November. She hasn’t been sentenced in either case.
The federal criminal charges stemmed from allegations that Mosby claimed a pandemic-related hardship to make early withdrawals from her retirement account, then used that money for down payments on the Florida properties. Prosecutors alleged she repeatedly lied on the mortgage applications.
Mosby served two terms as state’s attorney for Baltimore, earning a national profile for her progressive policies and several high-profile decisions. She brought charges against the police officers involved in the 2015 death of Freddie Gray, which ignited widespread protests against police brutality. None were convicted.